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    4300 Asheville Hwy Knoxville, TN 37914
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    4300 Asheville Hwy Knoxville, TN 37914

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    • Commercial land
    For Sale
    $125,000
    View Listing →
    Vacant Corner Lot Opportunity For Sale
    $125,000

    Vacant Corner Lot Opportunity

    Prime commercial lot for sale in a visible, accessible location.

    4300 Asheville Hwy, Knoxville, TN 37914
    View Listing
    Property ID
    US80-1342900
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 4300 Asheville Hwy

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    **Prime Vacant Corner Lot for Sale – Exceptional Commercial Opportunity** This vacant corner lot offers a rare opportunity for businesses looking to establish a presence in a highly visible and accessible location. Situated at the intersection of Asheville Highway and Ault St/Holston Drive, this property boasts high traffic counts, making it an ideal site for retail, office, or mixed-use development. Key Features: - **Lot Size**: 9,540 sq. ft. .29 acres - **Zoning**: CH2 – Perfect for commercial use (subject to local regulations) - **Location**: Strategically positioned on a busy corner with excellent exposure to both vehicular and pedestrian traffic. - **Utilities**: All necessary utilities (water, electricity, sewer) are available on-site or nearby. - **Accessibility**: Easy access to major highways and public transportation routes. This lot’s exceptional visibility and convenient location ensure it will attract a high volume of customers, employees, and visitors. Whether you’re looking to build retail, a drive thru, or other commercial establishment, this property provides a blank canvas to bring your vision to life. Don’t miss out on this premium opportunity to secure one of the most sought-after locations in the area. Contact me today for more information or to schedule a viewing!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.867118
    Latitude
    36.003905

    Comparable in this City

    • $125,000
      0.22 Acres

      Prime Corner Lot Opportunity

      Vacant corner lot ideal for commercial development in Knoxville.
      4300 Asheville Hwy, Knoxville, TN 37914
      View Details
    • New
      $399,000
      8.80 Acres

      Knoxville Land Near Holston Hills

      8.8 acres near Holston Hills Country Club.
      Holston Dr, Knoxville, TN 37914
      View Details
    • $30,000
      Pending

      Knoxville Commercial/Industrial Lot For Sale

      0.19-acre commercial/industrial lot suitable for various business or development opportunities.
      1018 Cedarwood St, Knoxville, TN 37914
      View Details
    • $42,000
      Pending

      Knoxville Industrial-Zoned Lot For Sale

      0.15-acre lot ideal for contractor, storage, or mechanic shop.
      3856 Cluster St, Knoxville, TN 37914
      View Details
    • $125,000

      Prime Corner Lot Opportunity

      Vacant corner lot ideal for commercial development.
      4300 Asheville Hwy, Knoxville, TN 37914
      View Details
    • $49,900
      Pending

      Knoxville Land For Sale

      Vacant lot near I-40, shopping, and dining in Knoxville.
      4808 Avis Ln, Knoxville, TN 37914
      View Details

    Similar Nearby for Sale

    • $125,000
      0.22 Acres

      Prime Corner Lot Opportunity

      Vacant corner lot ideal for commercial development in Knoxville.
      4300 Asheville Hwy, Knoxville, TN 37914
      View Details
    • New
      $399,000
      8.80 Acres

      Knoxville Land Near Holston Hills

      8.8 acres near Holston Hills Country Club.
      Holston Dr, Knoxville, TN 37914
      View Details
    • $30,000
      Pending

      Knoxville Commercial/Industrial Lot For Sale

      0.19-acre commercial/industrial lot suitable for various business or development opportunities.
      1018 Cedarwood St, Knoxville, TN 37914
      View Details
    • $42,000
      Pending

      Knoxville Industrial-Zoned Lot For Sale

      0.15-acre lot ideal for contractor, storage, or mechanic shop.
      3856 Cluster St, Knoxville, TN 37914
      View Details
    • Contact for pricing
      Pending

      Vacant Lot in Knoxville, TN

      Vacant lot with double road frontage and development potential.
      Leconte Rd, Knoxville, TN 37914
      View Details
    • $125,000

      Prime Corner Lot Opportunity

      Vacant corner lot ideal for commercial development.
      4300 Asheville Hwy, Knoxville, TN 37914
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highly Visible Commercial Land Tract

      CA Zoned land tract fronting I-40, suitable for development.
      Cahaba Ln, Knoxville, TN 37914
      View Details
    • Contact for pricing
      21,672 SF

      Knoxville Industrial Flex Space

      11,635 SF Flex Warehouse Available
      2634 Scruffy City Way, Knoxville, TN 37914
      View Details
    • $5 SF/Yr

      Knoxville Industrial Complex For Rent

      Multi-building industrial complex with convenient access to major interstates.
      1605 Prosser Rd, Knoxville, TN 37914
      View Details
    • $5 SF/Yr
      70,000 SF

      Knoxville Industrial Complex for Lease

      Multi-building industrial park with convenient interstate access and rail service.
      1605 Prosser Rd, Knoxville, TN 37914
      View Details
    • Contact for pricing
      700 SF

      Revitalized Retail Space Available

      Recently renovated retail suites with high visibility in Knoxville.
      3930 Martin Luther King Jr Ave, Knoxville, TN 37914
      View Details
    • Contact for pricing
      34,000 SF

      Sublease Opportunity with Dock Access

      Warehouse sublease with multiple docks and ample parking available.
      5502 Island River Dr, Knoxville, TN 37914
      View Details
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    Knoxville, TN 37914
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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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