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Property profile & analytics
FOR LEASE
Strip malls

314 Merchant Dr Knoxville, TN 37912

78,682 SF 8.15 ac lot Built 1977
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-1615351
Property summary
AI-generated overview

Merchant Village Shopping Center offers exceptional office space in Knox County, Tennessee. This single-story, 81,400 square foot building boasts a prime location at 314 Merchant Road, directly accessible from I-75, and moments from I-640 and I-40. The property is zoned commercial and features four total suites, with flexible space options ranging from a minimum of 1,200 square feet to a maximum contiguous space of 44,000 square feet. The building is undergoing a complete renovation, scheduled for completion in early 2025, ensuring modern and updated facilities for tenants. The property's versatility accommodates various office uses, including traditional, medical, and creative office spaces. Multiple tenancy is available, providing flexibility for businesses of all sizes. An outparcel is also available for ground lease, presenting an additional opportunity for expansion or complementary businesses. This location offers unparalleled convenience and visibility, making it an ideal choice for businesses seeking a high-traffic, easily accessible location. The property is situated near Merchant Drive, further enhancing its accessibility and visibility. The building's single-story design provides easy navigation and accessibility for all tenants and visitors.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Construction LIGHT FRAME
Total area 78,682 SF
Lot 8.15 ac (355,014 SF)
APN 068LB014
UPID US80-1615351
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Subway Take-out & Catering
  • MARBLE TOBACCO & VAPE 2 L (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Fox Furniture & Bedding Furniture & Home Goods Home Decor Store
  • KARM Stores Discount Store
  • Money Gram International Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.18M
Blend (final) Blend
$5.35M
Owner & transaction history
Orlando Vp LLC · 4 yrs held
Orlando Vp LLC
since 2022
Last sale
$5.5M
3 recorded transactions
2022
$5.5M
2000
$5.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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