Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2832 Magnolia Ave Knoxville, TN 37914-4513
    Back to Search
    Property profile & analytics

    2832 Magnolia Ave, Knoxville, TN 37914-4513

    View on Map
    • Strip malls
    • 7,000 SF
    Off-Market
    Property ID
    US80-3422782
    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
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • T's Barber Shop & Accessories / Barber Shop
    • Liberty Tax / Accounting Firm / Tax Preparation

    Property Details for 2832 Magnolia Ave

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    082FQ011
    APU
    082FQ011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2005 $475,000 Dale W Thompson Archer,carson & Revana P Warranty Deed —
    Oct 31, 2000 $80,000 Carson Archer Bdj LLC Grant Deed —
    May 7, 1998 $450,000 Bdj LLC Clinton Seafoods INC Grant Deed —
    Aug 25, 1992 $75,000 Clinton Seafoods INC Unknown Grant Deed —
    — — Dale W Thompson — Deed Of Trust · related $550k · Home Fed'l Bk/tn

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $814,000
      Market price range: $424k - $2.34M
      AI Estimate
      $814,000
      Market price range: $424k - $2.34M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,350,000
      Current use
      AUTO REPAIR, GARAGE
      $1,120,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.889
    Latitude
    35.9918
    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
    2023
    $9,534
    $0.00
    $0.00
    $257,000
    -
    $86,900
    $555,600
    $642,500

    Comparable in this City

    • Value Estimation by Request
      4,988 SF

      2654 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER
      2654 Magnolia Ave, Knoxville, TN 37914
      View Details
    • Value Estimation
      $2,195,000
      36,272 SF

      4105 Holston Dr

      SHOPPING CENTER, STRIP CENTER
      4105 Holston Dr, Knoxville, TN 37914-4153
      View Details
    • Value Estimation by Request
      4,186 SF

      2703 Martin Luther King Jr Ave

      SHOPPING CENTER, STRIP CENTER
      2703 Martin Luther King Jr Ave, Knoxville, TN 37914
      View Details
    • Value Estimation
      $605,000
      9,984 SF

      2634 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER
      2634 Magnolia Ave, Knoxville, TN 37914-5315
      View Details
    • Value Estimation
      $795,000
      13,175 SF

      2554 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER
      2554 Magnolia Ave, Knoxville, TN 37914-5310
      View Details
    • Value Estimation by Request
      2,990 SF

      2525 Martin Luther King Jr Ave

      SHOPPING CENTER, STRIP CENTER
      2525 Martin Luther King Jr Ave, Knoxville, TN 37914-5455
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,615 SF

      Restaurant/Retail Space For Sale

      Versatile commercial space with excellent parking and high visibility.
      3920 Asheville Hwy, Knoxville, TN 37914
      View Details
    • $234,000

      Knox County Land For Sale

      Land available in Knox County, Tennessee.
      1636 Leconte Rd, Knoxville, TN 37914
      View Details
    • New
      $229,900
      Pending

      Knoxville Home on Acreage

      One-bedroom home on 1.01 acres near Knoxville.
      7603 Thorngrove Pike, Knoxville, TN 37914
      View Details
    • $125,000
      0.22 Acres

      Prime Corner Lot Opportunity

      Vacant corner lot ideal for commercial development in Knoxville.
      4300 Asheville Hwy, Knoxville, TN 37914
      View Details
    • Contact for pricing

      Land Near Universal Development

      Approximately 37 acres of land near new apartment development.
      Strawberry Plains Pike, Knoxville, TN 37914
      View Details
    • $299,000
      8.80 Acres

      Knoxville Land Near Holston Hills

      8.8 acres in Knoxville near Holston Hills Country Club.
      Holston Dr, Knoxville, TN 37914
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,355 SF

      Versatile Commercial Space Available

      Updated commercial space with flexible layout and ample parking.
      4500 Holston Rd, Knoxville, TN 37914
      View Details
    • Contact for pricing
      700 SF

      Revitalized Retail Space Available

      Recently renovated retail suites with high visibility in Knoxville.
      3930 Martin Luther King Jr Ave, Knoxville, TN 37914
      View Details
    • Contact for pricing
      21,672 SF

      Knoxville Industrial Flex Space

      11,635 SF Flex Warehouse Available
      2634 Scruffy City Way, Knoxville, TN 37914
      View Details
    • $5 SF/Yr

      Knoxville Industrial Complex For Rent

      Multi-building industrial complex with convenient access to major interstates.
      1605 Prosser Rd, Knoxville, TN 37914
      View Details
    • $5 SF/Yr

      Knoxville Industrial Complex Near I-40

      660,000 SF industrial complex with convenient interstate access.
      1605 Prosser Rd, Knoxville, TN 37914
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2832 Magnolia Ave
    Knoxville, TN 37914-4513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2832 Magnolia Ave, Knoxville, TN, 37914
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!