Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4011 Milton St Knoxville, TN 37917

    • Commercial real estate
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3124574
    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

    • Commercial real estate

    Property Details for 4011 Milton St

    Lot size
    0.52 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.52-acre residential land parcel in Knoxville, Tennessee, presents a remarkable development opportunity. Located at 4011 Milton St, in Knox County (zip code 37917), this property is currently zoned RN-4, but is undergoing rezoning to RN-5. Upon successful rezoning, the site plan allows for the construction of either nine townhomes or fourteen multifamily units. The seller has provided site plans for prospective buyers' review. This prime location sits conveniently between Fountain City and Old North Knoxville, offering access to numerous amenities. Aerial and 360-degree views are available via provided online links. The asking price for this property is $348,000. Potential buyers are responsible for verifying all zoning information and acreage. This is a unique opportunity to acquire a well-situated lot with significant development potential in a desirable Knoxville neighborhood. The property consists of four contiguous parcels.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.928819
    Latitude
    36.009015

    Comparable in this City

    • $4,000,000
      1.06 Acres

      Old North Redevelopment Site

      Multifamily properties • 29,874 SF
      1013 Central St, Knoxville, TN 37917
      View Details
    • New
      $1,049,950
      5,626 SF

      Knoxville Multifamily Investment Opportunity

      Seven-unit multifamily property in North Knoxville, ideal for owner-operator.
      311 Silver Pl, Knoxville, TN 37917
      View Details
    • $735,000
      3,164 SF

      Historic Knoxville Apartment Building

      4-Unit Multifamily Investment Opportunity
      605 Gill Ave, Knoxville, TN 37917
      View Details
    • $2,150,000
      9,652 SF

      20-Unit Multifamily Complex in Knoxville

      Multifamily complex in Knoxville's Parkridge neighborhood with upside potential.
      2114-2300 Washington Ave, Knoxville, TN 37917
      View Details
    • New
      $2,900,000
      Pending

      Knoxville Multifamily Investment Opportunity

      24-unit apartment complex with value-add potential in North Knoxville.
      3300-3374 Valley View Dr, Knoxville, TN 37917
      View Details
    • $599,000
      0.09 Acres

      Victorian Home in Fourth & Gill

      Charming duplex in a walkable neighborhood with rental potential.
      716/718 Morgan St, Knoxville, TN 37917
      View Details

    Similar Nearby for Sale

    • $4,000,000
      1.06 Acres

      Old North Redevelopment Site

      Multifamily properties • 29,874 SF
      1013 Central St, Knoxville, TN 37917
      View Details
    • New
      $1,049,950
      5,626 SF

      Knoxville Multifamily Investment Opportunity

      Seven-unit multifamily property in North Knoxville, ideal for owner-operator.
      311 Silver Pl, Knoxville, TN 37917
      View Details
    • $735,000
      3,164 SF

      Historic Knoxville Apartment Building

      4-Unit Multifamily Investment Opportunity
      605 Gill Ave, Knoxville, TN 37917
      View Details
    • $2,150,000
      9,652 SF

      20-Unit Multifamily Complex in Knoxville

      Multifamily complex in Knoxville's Parkridge neighborhood with upside potential.
      2114-2300 Washington Ave, Knoxville, TN 37917
      View Details
    • New
      $2,900,000
      Pending

      Knoxville Multifamily Investment Opportunity

      24-unit apartment complex with value-add potential in North Knoxville.
      3300-3374 Valley View Dr, Knoxville, TN 37917
      View Details
    • $237,500
      680 SF

      Stylish Condo Near Downtown Knoxville

      Modern condo with high-end finishes, close to downtown Knoxville.
      3415 N Broadway St, Knoxville, TN 37917
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Knoxville Industrial Land For Lease

      6.72-acre heavy industrial site ideal for warehousing and logistics.
      103 Metroplex Ct, Knoxville, TN 37917
      View Details
    • Contact for pricing
      3,062 SF

      Restaurant Sub-Lease Opportunity

      3,062 SF restaurant sub-lease available at a hard corner.
      2456 E Magnolia Ave, Knoxville, TN 37917
      View Details
    • $998,000
      3,755 SF

      Knoxville Office/Medical Space Available

      Office or medical space with ample parking, convenient location.
      2507 Mineral Springs Ave, Knoxville, TN 37917
      View Details
    • $6,000 /Mo
      6,052 SF

      Renovated Flex Space in Knoxville

      Newly renovated flex space with warehouse functionality and retail/office presence.
      508 Daniels Ave, Knoxville, TN 37917
      View Details
    • $15 SF/Yr
      5,400 SF

      Prime Retail Space Available

      Two 2,700 SF retail spaces in thriving downtown area.
      710 N Central St, Knoxville, TN 37917
      View Details
    • $18 SF/Yr
      7,927 SF

      Turn-Key Medical Facility For Lease

      Ready-to-launch medical clinic with exam and X-ray rooms.
      315 Gill Ave, Knoxville, TN 37917
      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.
    4011 Milton St
    Knoxville, TN 37917
    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

    Google sign-in failed. Please try again or use another login method.