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    Property profile & analytics

    2808 Lamar Alexander Pkwy Maryville, TN 37804

    • Retail space
    • 17,572 SF
    • 1.34 lot acres
    For Sale
    View listing
    $1,349,000
    Last Sale
    Oct 26, 2022
    $700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1340938
    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.

    Current Use by Public Records

    • Southern Boom Fireworks / Discount Store / Party Supply Store

    Property Details for 2808 Lamar Alexander Pkwy

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.34 lot acres
    Property size
    17,572 SF
    Zone code
    BT
    Property type
    Retail space
    APN
    005058D C 02500
    APU
    005058DC02500

    Description

    This exceptional 16,200-square-foot industrial property, located at 2808 E Lamar Alexander Pkwy in Maryville, Tennessee (37804), presents a unique investment opportunity. The building, constructed in 1980, features a two-story design and sits on a 1.34-acre lot (APN: 058DC025). Zoned BT, it offers versatile space suitable for distribution, flex, or R&D uses. The building boasts a showroom and warehouse configuration, with a lower-level warehouse providing drive-in door and dock access, plus a large garage. High ceilings and large open areas offer flexibility for various tenants. The property's history as a well-known grocery store contributes to its high visibility and established presence in East Maryville. Its location benefits from high traffic counts, a planned 150-unit townhome development directly across the street, and proximity to successful businesses and Blount Memorial. Less than five minutes from the gateway to Townsend and the Great Smoky Mountains, this property offers excellent access and visibility. The asking price is $1,349,000, translating to $92.53 per square foot. This is an ideal opportunity for investors seeking a high-traffic location with significant development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $955,000
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $988,000
      Market price range: $950k - $2.70M
      AI Estimate
      $847,000
      Market price range: $749k - $2.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9244
    Latitude
    35.7557
    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
    $7,297
    $56,360
    $245,200
    $301,560
    -
    $140,900
    $613,000
    $753,900

    Comparable in this City

    • Value Estimation by Request
      1,750 SF

      1431 Harper Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,750 SF
      1431 Harper Ave, Maryville, TN 37804-3261
      View Details
    • Value Estimation by Request
      2,100 SF

      1229 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      1229 Broadway Ave, Maryville, TN 37804-4182
      View Details
    • Value Estimation by Request
      3,600 SF

      1305 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      1305 Broadway Ave, Maryville, TN 37804-4155
      View Details
    • Value Estimation by Request
      2,772 SF

      2615 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,772 SF
      2615 Broadway Ave, Maryville, TN 37804-2762
      View Details
    • Value Estimation by Request
      560 SF

      1415 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      1415 Broadway Ave, Maryville, TN 37804-4157
      View Details
    • Value Estimation by Request
      6,450 SF

      2415 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,450 SF
      2415 Broadway Ave, Maryville, TN 37804-2758
      View Details

    Similar Nearby for Sale

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      Restaurant with Prime Maryville Location

      4,400 SF full-service restaurant in the heart of Maryville.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Retail Space in Browns Creek

      Retail space available in Browns Creek Shopping Center.
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      View Details
    • $19 SF/Yr
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      Retail/Office Space with Tenant Improvements

      Retail or office space available with tenant improvement allowance.
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      Maryville Retail Space with Yard

      Retail space with fenced yard and excellent visibility available for rent.
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    • $12 SF/Yr
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      Downtown Maryville Versatile Retail Space

      Versatile space in historic building, ideal for various businesses.
      205 Court St, Maryville, TN 37804
      View Details
    • $1,349,000
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      Commercial Building with Warehouse Space

      Highly visible commercial building with warehouse space for rent.
      2808 E Lamar Alexander Pkwy, Maryville, TN 37804
      View Details
    • Contact for pricing
      20,427 SF

      Downtown Maryville Versatile Retail Spaces

      Two versatile spaces in the historic J&K Building.
      201-203 S Court St, Maryville, TN 37804
      View Details
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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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