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

    410 Lovell Rd Knoxville, TN 37934-1909

    • Drive through restaurants
    • 2,888 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimations
    $1,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3484591
    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

    • Drive through restaurants

    Property Details for 410 Lovell Rd

    Year built
    1988
    Construction
    LIGHT FRAME
    Lot size
    1.32 lot acres
    Property size
    2,888 SF
    Property type
    Drive through restaurants
    APN
    131 059
    APU
    131059

    Description

    This exceptional 0.9-acre commercial land parcel, located at 410 Lovell Rd in Knoxville, Tennessee, presents a unique opportunity for businesses seeking a prime location. Situated in Knox County, zip code 37934, this single-tenant property offers significant potential for development. The land is designated for commercial use and provides ample space for a variety of projects. With its convenient location and substantial acreage, this property is ideal for businesses requiring a sizable footprint. The site's address is easily accessible, offering excellent visibility and convenient access for customers and employees. The property is currently available for lease, providing a flexible option for businesses of all sizes. This is a rare opportunity to secure a well-positioned commercial land parcel in a thriving area of Knoxville. The 0.9-acre lot offers a blank canvas for a new construction project or expansion of an existing business. Interested parties are encouraged to explore the possibilities this property offers. The property's geographic coordinates are 35.8722577 latitude and -84.1751648 longitude. This is a single-tenant property, providing a unique opportunity for a business to establish a strong presence in the area. Further details regarding lease terms are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,927,000
      Market price range: $419k - $1.98M
      AI Estimate
      $1,927,000
      Market price range: $419k - $1.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1433
    Latitude
    35.9053
    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
    $23,091
    $0.00
    $0.00
    $622,480
    -
    $1,047,900
    $508,300
    $1,556,200

    Comparable in this City

    • Value Estimation
      $2,255,000
      3,296 SF

      408 Lovell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,296 SF
      408 Lovell Rd, Knoxville, TN 37934-1909
      View Details
    • Value Estimation
      $2,150,000
      4,743 SF

      11205 Kingston Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,743 SF
      11205 Kingston Pike, Knoxville, TN 37934-2809
      View Details
    • Value Estimation
      $1,825,000
      2,812 SF

      11208 Kingston Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,812 SF
      11208 Kingston Pike, Knoxville, TN 37934-2808
      View Details
    • Value Estimation
      $1,120,000
      1,633 SF

      10704 Kingston Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,633 SF
      10704 Kingston Pike, Knoxville, TN 37934-3001
      View Details
    • Value Estimation
      $1,715,000
      2,858 SF

      11113 Parkside Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,858 SF
      11113 Parkside Dr, Knoxville, TN 37934-1961
      View Details
    • Value Estimation
      $2,125,000
      3,508 SF

      639 Campbell Sta Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,508 SF
      639 Campbell Sta Rd, Knoxville, TN 37934
      View Details

    Similar Nearby for Sale

    • $3,100,000
      3,975 SF

      Farragut Investment Property For Sale

      Located in affluent Farragut, TN with national credit tenant.
      639 N Campbell Station Rd, Farragut, TN 37934
      View Details
    • $3,000,000
      3,975 SF

      Profitable Restaurant Investment Opportunity

      Restaurant property with national tenant in high-traffic location.
      609 North Campbell Station Rd, Knoxville, TN 37934
      View Details
    • $1,500,000

      Established Diner Business Opportunity

      Profitable Knoxville diner with loyal customer base for sale.
      11110 Kingston Pike, Farragut, TN 37934
      View Details
    • $3,000,000
      3,795 SF

      Hardee's Corporate Lease - Knoxville, TN

      High-yield QSR investment, 10-year lease.
      609 Campbell Station Rd, Knoxville, TN 37934
      View Details
    • Contact for pricing

      Kingston Pike Commercial Property

      Commercial property available on Kingston Pike in Knoxville, Tennessee.
      11110-11120 Kingston Pike, Knoxville, TN 37934
      View Details
    • $6,000,000
      4.39 Acres

      Farragut Commercial Land Opportunity

      4.39 acres with a 3,563 SF building on Kingston Pike.
      12805 Kingston Pike, Farragut, TN 37934
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      40,684 SF

      Move-In Ready Gym or Retail

      Well-finished gym space, convertible to retail, in Turkey Creek.
      10907 Parkside Dr, Knoxville, TN 37934
      View Details
    • $25 SF/Yr
      21,575 SF

      Kingston Pike Retail/Office Space

      Retail and office spaces with high visibility and strong traffic.
      10820 Kingston Pike, Knoxville, TN 37934
      View Details
    • $1.00 SF/Yr
      2,234 SF

      Retail Space For Lease

      Retail space available for lease at Kingston Pike, Knoxville.
      13140 Kingston Pike, Knoxville, TN 37934
      View Details
    • $40 SF/Yr
      10,000 SF

      Retail Space in Westerly Commons

      Retail shops available in Publix-anchored Westerly Commons shopping center.
      13111 Kingston Pike, Knoxville, TN 37934
      View Details
    • Contact for pricing

      Knoxville Retail Space and Land

      Retail space and developable land in Knoxville's primary retail area.
      410 Lovell Rd, Knoxville, TN 37934
      View Details
    • $70,000
      28,314 SF

      Lovell Road Retail Opportunity

      Knoxville Pad-Ready Site: Build-to-Suit or Ground Lease
      737 Lovell Rd, Knoxville, TN 37934
      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.
    410 Lovell Rd
    Knoxville, TN 37934-1909
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.