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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3520 Central Park Blvd Louisville, TN 37777-4752

    • Warehouses
    • 9,000 SF
    • 2.17 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2022
    $680,000
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    5.1%
    Warehouses
    Location Intelligence
    Property ID
    US80-2246610
    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

    • Stone Creek Surfaces / Kitchen & Bath Showroom / Hardware & Home Improvement

    Property Details for 3520 Central Park Blvd

    Year built
    1997
    Lot size
    2.17 lot acres
    Property size
    9,000 SF
    Property type
    Warehouses
    APN
    005008 16516
    APU
    500816516

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $930,000
      ML approach
      $855,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $599,000
      Market price range: $311k - $862k
      AI Estimate
      $405,000
      Market price range: $211k - $580k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $550,000
      Current use
      RETAIL STORES
      $1,090,000
      Change: +99% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,050,000
      Change: +91% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9829
    Latitude
    35.8487
    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
    $2,671
    $75,240
    $82,000
    $157,240
    -
    $188,100
    $205,000
    $393,100

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      3019 Gearhead Trl

      WAREHOUSE, STORAGE • 3,000 SF
      3019 Gearhead Trl, Louisville, TN 37777-1410
      View Details
    • Value Estimation by Request
      12,915 SF

      1802 Airbase Rd

      WAREHOUSE, STORAGE • 12,915 SF
      1802 Airbase Rd, Louisville, TN 37777-4204
      View Details
    • Value Estimation by Request
      11,756 SF

      965 Hillside Dr

      WAREHOUSE, STORAGE • 11,756 SF
      965 Hillside Dr, Louisville, TN 37777-5305
      View Details
    • Value Estimation
      $540,000
      9,994 SF

      4662 Singleton Sta Rd

      WAREHOUSE, STORAGE • 9,994 SF
      4662 Singleton Sta Rd, Louisville, TN 37777-4743
      View Details
    • Value Estimation
      $2,230,000
      50,000 SF

      1208 Topside Rd

      WAREHOUSE, STORAGE • 50,000 SF
      1208 Topside Rd, Louisville, TN 37777-5505
      View Details
    • Value Estimation
      $615,000
      12,000 SF

      1919 Airbase Rd

      WAREHOUSE, STORAGE • 12,000 SF
      1919 Airbase Rd, Louisville, TN 37777-4208
      View Details

    Similar Nearby for Sale

    • $2,200,000
      18,720 SF

      Office/Industrial Property For Sale

      Office and industrial property suitable for owner-occupant or investor.
      1120-1140 Topside Rd, Louisville, TN 37777
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    • $3,950,000
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      Singleton Station Road Warehouse

      27,277 SF Warehouse, Louisville, TN
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      Industrial Warehouse Facility For Sale

      Industrial and warehousing facility with current lease in place.
      4744 Singleton Station Rd, Louisville, TN 37777
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    • $2,800,000
      Pending

      96.8 Acres in Louisville, TN

      96.8 acres suitable for mobile homes or future development.
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    • $1,425,000
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      2.63 acres in high-growth corridor near major transportation routes.
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    Similar Nearby for Lease

    • $7 SF/Yr
      21,454 SF

      Office and Lab/Warehouse Space

      Office and lab/warehouse space available for lease.
      1413 Topside Rd, Louisville, TN 37777
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    • $7 SF/Yr
      27,277 SF

      Louisville Industrial Warehouse For Lease

      22,469 SF Warehouse, Alcoa, TN
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    • $13 SF/Yr
      21,625 SF

      Proposed Industrial Building in Louisville

      Proposed 21,625 SF industrial building, delivery late Fall 2026.
      3530 Central Park Blvd, Louisville, TN 37777
      View Details
    • $10,000 /Mo

      2.42 Acre Commercial Land Lease

      High-visibility land in growing corridor near Knoxville. Ideal for development.
      1741 Topside Rd, Louisville, TN 37777
      View Details
    • $17 SF/Yr
      100,500 SF

      Executive Office Suites Near Pellissippi Pkwy

      Class A Office Space, Abundant Parking
      1965 Hawks Lndg Dr, Louisville, TN 37777
      View Details
    • $1,200 /Mo

      Fenced Gravel Lot For Rent

      Secure, fenced gravel lot with industrial zoning and electricity.
      1160-1162 Topside Rd, Louisville, TN 37777
      View Details
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    Louisville, TN 37777-4752
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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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