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    2607 Kingston Pike Knoxville, TN 37919
    Property profile & analytics

    2607 Kingston Pike Knoxville, TN 37919

    View on Map
    • Casinos
    • 72,808 SF
    • 6.38 lot acres
    For Lease
    $5,500/Mo
    View Listing →
    Renovated Office Space Near Downtown For Lease
    $5,500/Mo
    3,148 SF

    Renovated Office Space Near Downtown

    Partially furnished 3,148 SF dental/medical office space for rent.

    2607 Kingston Pike, Knoxville, TN
    View Listing
    Property ID
    US80-1220692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Daniel Ibach / Physician
    • Snyder Sally B CPA / Accounting Firm / Tax Preparation
    • Tyson Junior High School / High School
    • Tennessee Cancer Specialists, Satellite Office / Medical Clinic
    • Dr Steven Sterling / Ophthalmologist

    Property Details for 2607 Kingston Pike

    Year built
    1936
    Construction
    LIGHT FRAME
    Lot size
    6.38 lot acres
    Property size
    72,808 SF
    Property type
    Casinos
    APN
    108BB005
    APU
    108BB005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,238,000
      Market price range: $8.69M - $23.6M
      AI Estimate
      $13,238,000
      Market price range: $8.69M - $23.6M

    • Alternative Use

      Use
      Estimation
      CASINO
      $13,240,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $21,505,000
      Change: +62% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $17,825,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $14,755,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $11,640,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9456
    Latitude
    35.9527
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $4,780,100
    $4,593,400
    $9,373,500

    Comparable in this City

    • Value Estimation
      $10,450,000
      52,272 SF

      151 Major Reynolds Pl

      CASINO • 52,272 SF
      151 Major Reynolds Pl, Knoxville, TN 37919-4853
      View Details
    • Value Estimation
      $3,760,000
      12,284 SF

      140 Major Reynolds Pl

      CASINO • 12,284 SF
      140 Major Reynolds Pl, Knoxville, TN 37919-4853
      View Details
    • Value Estimation by Request
      827 SF

      6426 Baum Dr, Unit 1

      CASINO • 827 SF
      6426 Baum Dr, Knoxville, TN 37919-6070
      View Details
    • Value Estimation by Request
      723 SF

      6426 Baum Dr, Unit 5

      CASINO • 723 SF
      6426 Baum Dr, Knoxville, TN 37919-6070
      View Details
    • Value Estimation
      $840,000
      2,610 SF

      201 Weisgarber Rd

      CASINO • 2,610 SF
      201 Weisgarber Rd, Knoxville, TN 37919-4013
      View Details
    • Value Estimation
      $5,640,000
      23,248 SF

      299 Weisgarber Rd

      CASINO • 23,248 SF
      299 Weisgarber Rd, Knoxville, TN 37919-4013
      View Details

    Similar Nearby for Sale

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      10,800 SF

      Established Retail Building For Sale

      Retail building with established tenants, Anytime Fitness and Big Kahuna.
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    • $1,750,000
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      Knoxville Land with Lake Views

      Gated land with lake views and deeded waterfront access.
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    • $325,000
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      Prime Commercial Land on Kingston

      Highly visible 0.43 acre commercial land for sale.
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      View Details
    • $500,000
      1,216 SF

      Renovated Cottage on Sutherland Ave For Sale

      Renovated Cottage on Sutherland Ave For Sale
      3820 Sutherland Ave, Knoxville, TN 37919
      View Details
    • Contact for pricing

      Pad-Ready Site in Brookview Centre

      Pad-ready site suitable for retail, office, or medical office.
      240 Brookview Centre Way, Knoxville, TN 37919
      View Details
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      Kingston Pike Commercial Land Available

      Commercial land available on Kingston Pike near major retailers.
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    Similar Nearby for Lease

    • Contact for pricing
      6,651 SF

      Garden Level Fitness Facility Space

      Fitness facility space in Brookview Promenade Office Building for rent.
      265 Brookview Centre Way, Knoxville, TN 37919
      View Details
    • Contact for pricing

      Knoxville Retail & Office Destination

      Grocery-anchored retail and office spaces with high visibility.
      4405-4591 Kingston Pike, Knoxville, TN 37919
      View Details
    • Contact for pricing
      823 SF

      Bearden District Office Space

      Office space in Knoxville's Bearden district with high traffic.
      5410 Homberg Dr, Knoxville, TN 37919
      View Details
    • $15 SF/Yr
      960 SF

      West Knoxville Office Space Available

      Office suites available in remodeled West Knoxville office plaza.
      301 S Gallaher View Rd, Knoxville, TN 37919
      View Details
    • Contact for pricing

      Land in Brookview Town Centre

      Land for new development in Knoxville's Bearden sub-market.
      235 Brookview Centre Way, Knoxville, TN 37919
      View Details
    View Listing
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    2607 Kingston Pike
    Knoxville, TN 37919
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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