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

    5605 Holly Grv Way Knoxville, TN 37918-4537

    • Golf courses & driving ranges
    • 2,700 SF
    • 22.24 lot acres
    OFF-MARKET
    Value Estimations
    $22,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1628317
    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

    • Legends at Oak Grove / Apartment Building / Apartment Complex
    • Hathaway Development / Construction Company / General Contractor

    Property Details for 5605 Holly Grv Way

    Year built
    2010
    Construction
    WOOD
    Lot size
    22.24 lot acres
    Property size
    2,700 SF
    Property type
    Golf courses & driving ranges
    APN
    049 08802
    APU
    4908802

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,036,000
      Market price range: $430k - $22.0M
      AI Estimate
      $22,036,000
      Market price range: $430k - $22.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.884
    Latitude
    36.0441
    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
    $481,646
    $0.00
    $0.00
    $12,983,760
    -
    $2,935,700
    $29,523,700
    $32,459,400

    Comparable in this City

    • Value Estimation
      $48,225,000
      8,909 SF

      5001 Maloneyville Rd

      COUNTRY CLUB • 8,909 SF
      5001 Maloneyville Rd, Knoxville, TN 37918-9219
      View Details
    • Value Estimation
      $4,190,000
      2,580 SF

      4900 Horsestall Dr

      COUNTRY CLUB • 2,580 SF
      4900 Horsestall Dr, Knoxville, TN 37918-8179
      View Details
    • Value Estimation
      $18,740,000
      3,046 SF

      501 Tiger Way

      COUNTRY CLUB • 3,046 SF
      501 Tiger Way, Knoxville, TN 37918-5543
      View Details
    • Value Estimation
      $6,495,000
      4,000 SF

      6909 Ward Rd

      COUNTRY CLUB • 4,000 SF
      6909 Ward Rd, Knoxville, TN 37918
      View Details
    • Value Estimation
      $7,560,000
      4,655 SF

      210 Beaver Crk Dr

      COUNTRY CLUB • 4,655 SF
      210 Beaver Crk Dr, Knoxville, TN 37918-0953
      View Details
    • Value Estimation
      $26,085,000
      3,196 SF

      5120 Andover Grn Way

      COUNTRY CLUB • 3,196 SF
      5120 Andover Grn Way, Knoxville, TN 37918-4551
      View Details

    Similar Nearby for Sale

    • $300,000

      Prime Knoxville Commercial Land Opportunity

      One-acre commercial land with high traffic exposure in Knoxville, TN.
      Crippen Rd, Knoxville, TN 37918
      View Details
    • $129,000
      Pending

      Residential Land with Mountain Views

      1.4-acre wooded lot in desirable North Knoxville neighborhood.
      5232 Beverly Oaks Dr, Knoxville, TN 37918
      View Details
    • $950,000

      Commercial Land on N Broadway

      Land suitable for small building with or without drive-thru.
      4919 N Broadway St, Knoxville, TN 37918
      View Details
    • $301,400
      1,370 SF

      New Office Condo in Knoxville

      Shell condition office condo for sale with tax benefits.
      140 Legacy View Way, Knoxville, TN 37918
      View Details
    • $189,000
      1.01 Acres

      Cleared Acre in Halls Community

      Cleared one-acre lot ready for your dream estate in Knoxville.
      1546 Hall Acres Dr, Knoxville, TN 37918
      View Details
    • $379,000
      1,998 SF

      Knoxville Condo with Modern Amenities

      Charming Knoxville condo with modern kitchen, balcony, and community amenities.
      7332 Shalimar Point Way, Knoxville, TN 37918
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Retail Space For Lease

      Retail space available for lease in Halls Crossroads.
      7121 Maynardville Pike, Knoxville, TN 37918
      View Details
    • $6 SF/Yr
      23,300 SF

      North Knoxville Warehouse with Office

      23,300 SF warehouse with office space for lease.
      2415 Dutch Valley Dr, Knoxville, TN 37918
      View Details
    • $1,700 /Mo
      2,610 SF

      Fountain City Office Space

      Office space located in Fountain City, Knoxville.
      318 Knox Rd, Knoxville, TN 37918
      View Details
    • $4,500 /Mo

      Fountain City Commercial Land Available

      Almost one acre site perfect for various commercial uses.
      Woodrow Dr, Knoxville, TN 37918
      View Details
    • $15 SF/Yr
      2,000 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
    • $3,000 /Mo
      1,500 SF

      Office Space Available For Rent

      Office space available for lease in Knoxville, Tennessee.
      3501 Tazewell Pike, 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.
    5605 Holly Grv Way
    Knoxville, TN 37918-4537
    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.