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    3508 Maryville Pike Ste A Knoxville, TN 37920-6195
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    Property profile & analytics

    3508 Maryville Pike Ste A Knoxville, TN 37920-6195

    View on Map
    • Retail space
    • 29,834 SF
    • 4.79 lot acres
    Off-Market
    Last Sale Oct 31, 2023
    $1,250,000
    Property ID
    US80-1021198
    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
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Martha Lee's Jewelry / (Bike/Boat/Book/etc) Store
    • Foust, Ron DDS / Dental Office
    • Bruin Construction Services Llc / General Contractor
    • D Ronald Foust PC / Dental Office
    • Dance Academy South / Training Center

    Property Details for 3508 Maryville Pike Ste A

    Year built
    1960
    Construction
    LIGHT FRAME
    Lot size
    4.79 lot acres
    Property size
    29,834 SF
    Property type
    Retail space
    APN
    147 07501
    APU
    14707501

    Description

    This exceptional 2,000 square foot office/retail space, located at 3508 Maryville Pike in Knoxville, Tennessee, presents a fantastic opportunity for businesses seeking a prominent location in a thriving area. The property, known as Arrowhead Center, sits on a generous 5.01-acre lot and boasts convenient access via two major thoroughfares: Apache Trail and Tipton Station. Built in 1960, this single-building property is zoned SC - Shopping Center, offering flexibility for various commercial uses. The space is currently entirely vacant and ready for immediate occupancy. The available space is comprised of two suites: Suite A, an endcap unit featuring an open concept layout and one bathroom

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,948,000
      Market price range: $1.56M - $5.45M
      AI Estimate
      $1,589,000
      Market price range: $1.42M - $4.88M

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9375
    Latitude
    35.8775
    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
    $480,690
    -
    $259,700
    $942,700
    $1,202,400

    Comparable in this City

    • Value Estimation by Request
      2,165 SF

      9009 Chapman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,165 SF
      9009 Chapman Hwy, Knoxville, TN 37920-9177
      View Details
    • Value Estimation by Request
      3,000 SF

      7900 Chapman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      7900 Chapman Hwy, Kimberlin Heights, TN 37920-9103
      View Details
    • Value Estimation by Request
      2,672 SF

      1047 Maryville Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,672 SF
      1047 Maryville Pike, Knoxville, TN 37920-3944
      View Details
    • Value Estimation by Request
      2,700 SF

      5925 Chapman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      5925 Chapman Hwy, Knoxville, TN 37920-5930
      View Details
    • Value Estimation
      $2,015,000
      17,251 SF

      4219 Chapman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 17,251 SF
      4219 Chapman Hwy, Knoxville, TN 37920-4259
      View Details
    • Value Estimation
      $545,000
      3,154 SF

      3920 Chapman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,154 SF
      3920 Chapman Hwy, Knoxville, TN 37920-4254
      View Details

    Similar Nearby for Sale

    • $415,000
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      Knoxville Redevelopment Opportunity

      Two-story commercial building in a rapidly growing community.
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    • $2,500,000

      Retail Strip Center Development Opportunity

      Retail strip center with high growth and traffic location.
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      Retail Property with High Visibility

      Retail space with ample parking and high traffic volume.
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    • $625,000

      South Knox Flex Property

      Flex property with office and warehouse space in South Knox.
      6308 Chapman Hwy, Knoxville, TN 37920
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      4,354 SF

      Retail/Office Spaces on Chapman Highway

      Fully renovated, 100% occupied retail/office spaces with income potential.
      8001 Chapman Hwy, Knoxville, TN 37920
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    • $950,000

      Historic Commercial Property in Knoxville

      Two structures in Old Sevier neighborhood, ideal for redevelopment.
      808 Sevier Ave, Knoxville, TN 37920
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease with 2733 square feet.
      4409 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing
      6,000 SF

      Restaurant or Retail Space Available

      6,000 SF space suitable for restaurant or retail use.
      7417-7433 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $1.00 SF/Yr
      9,200 SF

      Retail Space on Chapman Highway

      Retail opportunities in high-growth South Knox trade area.
      7624 Chapman Hwy, Kimberlin Heights, TN 37920
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Near Major Retailers

      Retail space available near Walmart and Home Depot.
      7301-7357 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Space in Health Center

      Retail space in health and wellness focused retail center.
      4512-4580 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $16 SF/Yr
      1,600 SF

      Retail Space in South Knoxville

      Retail property in a high-growth South Knoxville market.
      6502-6522 Chapman Hwy, Knoxville, TN 37920
      View Details
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    Knoxville, TN 37920-6195
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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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