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    2738 E Broadway Ave Maryville, TN 37804

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    2738 E Broadway Ave Maryville, TN 37804

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    • Commercial real estate
    For Lease
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    Prime Commercial Land on Broadway For Lease
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    Prime Commercial Land on Broadway

    Cleared, graded land ideal for fast food, retail, and more.

    2738 E Broadway Ave, Maryville, TN
    View Listing
    Property ID
    US80-3081102
    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

    • Commercial real estate

    Property Details for 2738 E Broadway Ave

    Property type
    Commercial real estate
    APN
    037C A 008.00

    Description

    This exceptional commercial land parcel, located at 2738 E Broadway Ave in Maryville, Tennessee (zip code 37804), presents a unique development opportunity. Boasting over 250 feet of frontage on E Broadway Ave, and depths of 520 feet on the east side and 400 feet on the west, this property offers ample space for a variety of commercial uses. Its strategic location at the gateway to downtown Maryville/Alcoa, just off I-140/Pellissippi Parkway, ensures high visibility and accessibility. The property is situated in front of the established Eagleton Village neighborhood, benefiting from excellent schools and the recently renovated Eagleton Fields ballpark nearby. Recently annexed into the City of Alcoa, this parcel is zoned E-General Business, with all public services and utilities readily available, including on-site sewer. The land has been graded nearly flat and cleared, and a new survey has been approved and recorded by the Alcoa Planning Commission. Its convenient location provides easy access to Hwy 129 (Alcoa Hwy) leading to the airport and downtown Knoxville, I-140 connecting to West Knoxville and Oak Ridge, and Hwy 321 providing access to Walland, Townsend, and Lenoir City. The property's size and location make it ideal for fast-food restaurants, retail stores, convenience stores, gas stations, and other commercial ventures. The asking price is $599,000, APN: 037C A 008.00.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9451115
    Latitude
    35.7966616

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    Similar Nearby for Sale

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      Picturesque Land Near Smoky Mountains

      1.32-acre lot near Maryville, Townsend, and Great Smoky Mountains.
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    • $105,000
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      Land in Maryville, Tennessee

      One acre of commercial land for sale in Maryville.
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    • $329,500
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      Land with creek, suitable for building a mini farm.
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      John Helton Rd, Maryville, TN 37804
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      8-Acre Tract for Mini Farm

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    Similar Nearby for Lease

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      Prime Commercial Land on Broadway

      Cleared, graded land ideal for fast food, retail, and more.
      2738 E Broadway Ave, Maryville, TN 37804
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      Multi-Tenant Office Complex For Rent

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      Executive Office Suite For Lease

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      Downtown Maryville Retail Space Available

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      Executive Office Suite For Rent

      Class "A" office suites available in Maryville, TN.
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      Class A Office Space

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    Maryville, TN 37804
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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.

    More about this property
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