Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5308 Washington Pike Knoxville, TN 37918-7053
    Back to Search
    Property profile & analytics

    5308 Washington Pike, Knoxville, TN 37918-7053

    View on Map
    • Strip malls
    • 18,881 SF
    • 2.36 lot acres
    Off-Market
    Property ID
    US80-0192861
    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
    $2,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Honey Baked Ham Company / Restaurant
    • Army Knoxville East Recruiting Office / Military Recruiting Office
    • City Employees Credit Union - Washington Pike / Credit Union
    • H&R Block / Tax Preparation
    • Modeste Nail Spa / Nail Salon

    Property Details for 5308 Washington Pike

    Year built
    2001
    Construction
    LIGHT FRAME
    Lot size
    2.36 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    059 00803
    APU
    5900803

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2024 $2,850,000 Rupala Properties LLC Scgvi Washington Market LLC Warranty Deed —
    Jul 1, 2024 — Rupala Properties LLC Scgvi Washington Market LLC Quit Claim Deed · related $2.3M · Ornl FCU
    Feb 27, 2015 $2,000,000 Scgvi-washington Market LLC Cary Group Funding LLC Grant Deed —
    Feb 27, 2015 — Scgvi-washington Market LLC Cary Group Funding LLC Quit Claim Deed · related —
    Feb 16, 2012 $1,950,000 Cary Group Funding LLC Renaissance Investments LLC Special Warranty Deed $1.6M · Paragon Commercial Bank
    Apr 16, 2007 — Renaissance Investments INC — Trustees Deed · related $2.6M · Paragon Commercial Bank
    — — Scgvi-washington Market LLC — Deed Of Trust · related $11.7M · First Tn Bk
    — — Renaissance Investments INC — Deed Of Trust · related $780k · Paragon Commercial Bank
    — — Scgvi-washington Market LLC — Deed Of Trust · related $1M · American Fam Mutual Ins Co Si
    — — Renaissance Investments LLC — Deed Of Trust · related $2.1M · Paragon Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,423,000
      Market price range: $1.14M - $6.30M
      AI Estimate
      $2,423,000
      Market price range: $1.14M - $6.30M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,635,000
      Current use
      MEDICAL BUILDING
      $3,825,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,510,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,020,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.8865
    Latitude
    36.0342
    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
    $28,368
    $0.00
    $0.00
    $764,720
    -
    $772,100
    $1,139,700
    $1,911,800

    Comparable in this City

    • Value Estimation
      $4,105,000
      18,720 SF

      4861 Broadway St

      SHOPPING CENTER, STRIP CENTER
      4861 Broadway St, Knoxville, TN 37918-1708
      View Details
    • Value Estimation
      $5,730,000
      25,993 SF

      4825 Broadway St

      SHOPPING CENTER, STRIP CENTER
      4825 Broadway St, Knoxville, TN 37918-1708
      View Details
    • Value Estimation
      $2,325,000
      10,040 SF

      4829 Broadway St

      SHOPPING CENTER, STRIP CENTER
      4829 Broadway St, Knoxville, TN 37918-2066
      View Details
    • Value Estimation
      $1,290,000
      10,720 SF

      2613 Adair Dr

      SHOPPING CENTER, STRIP CENTER
      2613 Adair Dr, Knoxville, TN 37918-1752
      View Details
    • Value Estimation
      $925,000
      9,760 SF

      1717 Dry Gap Pike

      SHOPPING CENTER, STRIP CENTER
      1717 Dry Gap Pike, Knoxville, TN 37918-9600
      View Details
    • Value Estimation
      $1,345,000
      8,934 SF

      4620 Old Broadway St Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER
      4620 Old Broadway St Ste, Knoxville, TN 37918-1759
      View Details

    Similar Nearby for Sale

    • $3,348,920

      New Restaurant with Drive-Thru

      New single-tenant restaurant with drive-thru for sale.
      6819 Maynardville Pike, Knoxville, TN 37918
      View Details
    • Contact for pricing

      Knoxville Commercial Property on Tazewell

      Commercial property for sale in Knoxville, TN with three buildings.
      6125 Tazewell Pike, Knoxville, TN 37918
      View Details
    • $657,000
      5.62 Acres

      Land For Sale, Knoxville, TN

      Two parcels of land totaling 5.62 acres in Knoxville.
      3331 New Beverly Church Rd, Knoxville, TN 37918
      View Details
    • $89,900
      0.59 Acres

      Spacious Lot in Halls

      Almost 0.6 acre lot in the heart of Halls.
      7430 Country Meadow Dr, Knoxville, TN 37918
      View Details
    • $299,900
      5.34 Acres

      Knoxville Land with Mountain Views

      5.34 acre Knoxville property with panoramic mountain views.
      Ottari Dr -, Knoxville, TN 37918
      View Details
    • New
      $595,000
      4,773 SF

      Fully Occupied 4-Plex Investment

      A fully leased four-unit property with in-unit laundry hookups and separate utility/laundry rooms at the rear.
      2816 NE Colt Dr, Knoxville, TN 37918
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,030 SF

      Broadway Square Retail Opportunity

      Retail space available in Broadway Square shopping center.
      4825-4827 N Broadway, Knoxville, TN 37918
      View Details
    • Contact for pricing
      2,940 SF

      Fountain City Retail Space Available

      Retail space for lease in a well-maintained Knoxville shopping center.
      5210-5224 N Broadway St, Knoxville, TN 37918
      View Details
    • Contact for pricing

      Office/Retail Space Available For Rent

      3,100 SF office space suitable for medical or traditional use.
      4620 Old Broadway St, Knoxville, TN 37918
      View Details
    • Contact for pricing
      10,566 SF

      Retail Space Available For Lease

      Retail space available for lease in Knoxville, Tennessee.
      6035 Tazewell Pike, Knoxville, TN 37918
      View Details
    • Contact for pricing
      8,550 SF

      Retail Space on Maynardville Pike

      Retail space available for lease in Knoxville, Tennessee.
      7114-7202 Maynardville Pike, Knoxville, TN 37918
      View Details
    • Contact for pricing
      1,950 SF

      Street-Front Retail or Office Space

      2,000 SF space suitable for retail or office use.
      4664-4666 Old Broadway St, Knoxville, TN 37918
      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.
    5308 Washington Pike
    Knoxville, TN 37918-7053
    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

    Thank You for Inquiry
    5308 Washington Pike, Knoxville, TN, 37918
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!