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    5101 Asheville Hwy Knoxville, TN 37914-3861
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    Property profile & analytics

    5101 Asheville Hwy, Knoxville, TN 37914-3861

    View on Map
    • Residential income homes
    • 12,368 SF
    • 1.11 lot acres
    Off-Market
    Last Sale Aug 6, 2020
    $1,225,000
    Property ID
    US80-0754994
    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
    $1,790,000
    Show details
    Cap Rate Potential
    8.8%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Holston Place Apartments / Apartment Complex

    Property Details for 5101 Asheville Hwy

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.11 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    071JE018
    APU
    071JE018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 6, 2020 $1,225,000 Hoyt Lane LLC Premimu Properties INC Warranty Deed $980k · First Peoples Bank Of Tennessee
    Oct 2, 2017 $855,000 Premium Properties INC Betty,douglas E & Laura R Warranty Deed $953k · Bank Of Tennessee
    May 5, 2015 $562,500 Douglas E Betty Richard E Johnson Warranty Deed $450k
    Aug 4, 2004 $350,000 Richard E Johnson Horne Properties INC Warranty Deed —
    May 26, 1994 $290,000 Horne Properties INC Unknown, Grant Deed —
    — — Richard E Johnson — Deed Of Trust · related $447k · First Peoples Bank Tn
    — — Premium Properties INC — Deed Of Trust · related $825k · Bank Of Tennessee

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,010,000
      6.5%
      $1,855,000
      7%
      $1,725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.85
    Latitude
    36.0076
    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
    $18,287
    $0.00
    $0.00
    $492,960
    -
    $192,700
    $1,039,700
    $1,232,400

    Comparable in this City

    • Value Estimation by Request
      1,890 SF

      5852 Thorn Grv Pike

      APARTMENT HOUSE (UNDER 5 UNITS)
      5852 Thorn Grv Pike, Knoxville, TN 37914-9533
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    • Value Estimation
      $2,100,000
      4,650 SF

      3128 Governor John Sevier Hwy

      APARTMENT HOUSE (UNDER 5 UNITS)
      3128 Governor John Sevier Hwy, Knoxville, TN 37914-6425
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    • Value Estimation
      $810,000
      3,936 SF

      4205 Mccalla Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS)
      4205 Mccalla Ave, Knoxville, TN 37914-3587
      View Details
    • Value Estimation
      $945,000
      4,611 SF

      137 Holston Ct

      APARTMENT HOUSE (UNDER 5 UNITS)
      137 Holston Ct, Knoxville, TN 37914-4241
      View Details
    • Value Estimation
      $1,280,000
      6,228 SF

      2526 Parkview Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      2526 Parkview Ave, Knoxville, TN 37914-5344
      View Details
    • Value Estimation
      $2,100,000
      4,650 SF

      3134 Governor John Sevier Hwy

      APARTMENT HOUSE (UNDER 5 UNITS)
      3134 Governor John Sevier Hwy, Knoxville, TN 37914-6425
      View Details

    Similar Nearby for Sale

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      Knoxville Multifamily Investment Opportunity

      21-unit portfolio near downtown Knoxville with recent upgrades.
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      Knoxville Home on Acreage

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    • $125,000
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      Prime Corner Lot Opportunity

      Vacant corner lot ideal for commercial development in Knoxville.
      4300 Asheville Hwy, Knoxville, TN 37914
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    • Contact for pricing

      Land Near Universal Development

      Approximately 37 acres of land near new apartment development.
      Strawberry Plains Pike, Knoxville, TN 37914
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    Similar Nearby for Lease

    • Contact for pricing
      21,672 SF

      Knoxville Industrial Flex Space

      11,635 SF Flex Warehouse Available
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      Knoxville Industrial Complex For Rent

      Multi-building industrial complex with convenient access to major interstates.
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    • $5 SF/Yr

      Knoxville Industrial Complex Near I-40

      660,000 SF industrial complex with convenient interstate access.
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    • Contact for pricing
      5,355 SF

      Versatile Commercial Space Available

      Updated commercial space with flexible layout and ample parking.
      4500 Holston Rd, Knoxville, TN 37914
      View Details
    • Contact for pricing
      36,800 SF

      Sublease Opportunity with Dock Access

      Warehouse sublease with multiple docks and ample parking available.
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    • Contact for pricing
      3,285 SF

      Flex Space Near Forks River

      5,750 SF flex space suitable for contractors and light manufacturing.
      2634 Scruffy City Way, Knoxville, TN 37914
      View Details
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    Knoxville, TN 37914-3861
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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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