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

    5634 Merchants Ctr Blvd Knoxville, TN 37912-3459

    • Hotels
    • 60,655 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimations
    $9,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0189446
    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

    • Holiday Inn Knoxville N - Merchant Drive, an IHG Hotel / Conference Center / Wedding Venue

    Property Details for 5634 Merchants Ctr Blvd

    Year built
    1985
    Construction
    LIGHT FRAME
    Lot size
    2.01 lot acres
    Property size
    60,655 SF
    Property type
    Hotels
    APN
    068KC00205
    APU
    068KC00205

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,601,000
      Market price range: $3.63M - $10.3M
      AI Estimate
      $9,601,000
      Market price range: $3.63M - $10.3M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $8,035,000
      Current use
      MEDICAL BUILDING
      $12,295,000
      Change: +53% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $11,680,000
      Change: +45% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $9,740,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,695,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $8,100,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.977
    Latitude
    36.0119
    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
    $59,050
    $0.00
    $0.00
    $2,739,360
    -
    $865,300
    $5,983,100
    $6,848,400

    Comparable in this City

    • Value Estimation
      $6,170,000
      48,020 SF

      5466 Central Ave Pike

      HOTEL • 48,020 SF
      5466 Central Ave Pike, Knoxville, TN 37912-2754
      View Details
    • Value Estimation
      $3,860,000
      38,038 SF

      341 Merchant Dr

      HOTEL • 38,038 SF
      341 Merchant Dr, Knoxville, TN 37912-3546
      View Details
    • Value Estimation
      $4,630,000
      33,737 SF

      5317 Pratt Rd

      HOTEL • 33,737 SF
      5317 Pratt Rd, Knoxville, TN 37912-2706
      View Details
    • Value Estimation
      $2,310,000
      21,560 SF

      5460 Central Ave Pike

      HOTEL • 21,560 SF
      5460 Central Ave Pike, Knoxville, TN 37912-2754
      View Details
    • Value Estimation
      $3,905,000
      37,510 SF

      5334 Central Ave Pike

      HOTEL • 37,510 SF
      5334 Central Ave Pike, Knoxville, TN 37912-3543
      View Details
    • Value Estimation
      $3,525,000
      44,316 SF

      117 Cedar Ln

      HOTEL • 44,316 SF
      117 Cedar Ln, Knoxville, TN 37912-3506
      View Details

    Similar Nearby for Sale

    • $3,900,000
      520,978 SF

      I-75 Knoxville Commercial Land

      High-traffic, 11.96-acre commercial site.
      305 Callahan Dr, Knoxville, TN 37912
      View Details
    • $499,000
      1.16 Acres

      Americus Village Shopping Center Lease

      Prime Retail Space, 7 Suites Available
      1110 Callahan Dr, Knoxville, TN 37912
      View Details
    • $257,500
      3.85 Acres

      Knoxville Land for Residential Development

      3.85-acre wooded lot, ideal for building a dream home.
      4705 Pleasant Ridge Rd, 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
    • $425,000
      Pending

      10 Acres in Fountain City

      Remarkable 10-acre parcel in prime Fountain City location.
      5800 Parkdale Rd, Knoxville, TN 37912
      View Details
    • Contact for pricing

      Half-Acre Land on Callahan Dr

      Half-acre land with commercial potential on Callahan Dr.
      6727 Campbell Ln, Knoxville, TN 37912
      View Details

    Similar Nearby for Lease

    • $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
    • $11 SF/Yr
      8,444 SF

      Prime Knoxville Executive Office Space

      8,444 SF Office Building, 2,098 SF Available
      1104 Merchant Dr, 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
    • $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
    • $2,750 /Mo
      3,000 SF

      Shared Office Space Available

      Shared office space for lease with utilities and wifi included.
      6704 Watermour Way, 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.
    5634 Merchants Ctr Blvd
    Knoxville, TN 37912-3459
    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.