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

    4701 Central Ave Pike Ste, Unit 1 Knoxville, TN 37912-4075

    • Grocery and convenience stores
    • 2,100 SF
    OFF-MARKET
    Last Sale
    Apr 02, 2024
    $1,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1358248
    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

    • Grocery and convenience stores

    Property Details for 4701 Central Ave Pike Ste

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    2,100 SF
    Property type
    Grocery and convenience stores
    APN
    068LC012
    APU
    068LC012

    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
    -83.9664
    Latitude
    36.0075
    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
    $8,083
    $0.00
    $0.00
    $217,920
    -
    $270,900
    $273,900
    $544,800

    Comparable in this City

    • Value Estimation
      $715,000
      1,248 SF

      5300 Central Ave Pike

      CONVENIENCE STORE • 1,248 SF
      5300 Central Ave Pike, Knoxville, TN 37912-3543
      View Details
    • Value Estimation
      $1,290,000
      2,400 SF

      1700 Merchant Dr

      CONVENIENCE STORE • 2,400 SF
      1700 Merchant Dr, Knoxville, TN 37912-4758
      View Details
    • Value Estimation
      $1,940,000
      2,920 SF

      410 Merchant Dr

      CONVENIENCE STORE • 2,920 SF
      410 Merchant Dr, Knoxville, TN 37912-3801
      View Details
    • Value Estimation by Request
      4,480 SF

      6356 Clinton Hwy

      GROCERY, SUPERMARKET • 4,480 SF
      6356 Clinton Hwy, Knoxville, TN 37912-1215
      View Details
    • Value Estimation by Request
      2,400 SF

      3900 Pleasant Rdg Rd

      CONVENIENCE STORE • 2,400 SF
      3900 Pleasant Rdg Rd, Knoxville, TN 37912-6102
      View Details
    • Value Estimation
      $5,170,000
      53,476 SF

      215 Cedar Ln

      GROCERY, SUPERMARKET • 53,476 SF
      215 Cedar Ln, Knoxville, TN 37912-3508
      View Details

    Similar Nearby for Sale

    • $499,000
      1.16 Acres

      Americus Village Shopping Center Lease

      Prime Retail Space, 7 Suites Available
      1110 Callahan Dr, Knoxville, TN 37912
      View Details
    • $2,300,000
      16,180 SF

      Neighborhood Strip Center For Sale

      Three-tenant strip center with investment or owner/user potential.
      5210 Schubert Rd, Knoxville, TN 37912
      View Details
    • $3,495,000
      8,600 SF

      Knoxville Auto Shop - Prime Location

      8,600 SF Auto Dealership, High Traffic Area
      905 Callahan Dr, Knoxville, TN 37912
      View Details
    • $2,300,000
      16,180 SF

      Knoxville Retail Center: Prime Investment

      16,180 SF Retail Center, 3 Units, $2.3M
      5210 Schubert Rd, Knoxville, TN 37912
      View Details
    • $3,326,316
      6,222 SF

      New Retail Building on Clinton

      New 6,222 SF retail building in high-growth Knoxville market.
      5156 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $799,900
      4.38 Acres

      Prime Land on Callahan Drive

      4+ acres in rapidly developing Knoxville commercial zone.
      1342 Callahan Dr, Knoxville, TN 37912
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      12,000 SF

      Retail Space on Clinton Highway

      Retail space with high visibility and traffic count.
      4313-4315 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $32 SF/Yr
      17,580 SF

      Retail Space on Clinton Highway

      Retail space available April 2026 in high-traffic Knoxville location.
      6631 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $15 SF/Yr
      4,500 SF

      Retail Space on Clinton Highway

      Retail space available, formerly a gym, with open area.
      5078 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $9,100 /Mo
      8,400 SF

      Knoxville Commercial Property For Rent

      Commercial property with high visibility and accessibility in Knoxville, TN.
      4804 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $6,000 /Mo

      Retail Space Available For Rent

      Retail property available for lease on Clinton Highway.
      5724 Clinton Hwy, Knoxville, TN 37912
      View Details
    • Contact for pricing
      23,500 SF

      Retail Space on Clinton Highway

      Retail property available for lease with 23,500 square feet.
      6719 Clinton Hwy, Knoxville, TN 37912
      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.
    4701 Central Ave Pike Ste, Unit 1
    Knoxville, TN 37912-4075
    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.