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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6127 Hwy 11th E Lenoir City, TN 37772

    • Auto shops
    • 7,958 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1576808
    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

    • Auto shops

    Property Details for 6127 Hwy 11th E

    Year built
    1955
    Lot size
    0.78 lot acres
    Property size
    7,958 SF
    Zone code
    C-2
    Property type
    Auto shops
    APN
    053015 14700
    APU
    5301514700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $308,000
      Market price range: $308k - $644k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $430,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.2541
    Latitude
    35.8215
    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
    0
    $0.00
    $11,480
    $66,120
    $77,600
    -
    $28,700
    $165,300
    $194,000

    Comparable in this City

    • Value Estimation
      $340,000
      4,600 SF

      121 Muddy Crk Rd

      AUTO REPAIR, GARAGE • 4,600 SF
      121 Muddy Crk Rd, Lenoir City, TN 37772-5861
      View Details
    • Value Estimation
      $260,000
      5,580 SF

      15707 Hwy 70th E

      AUTO REPAIR, GARAGE • 5,580 SF
      15707 Hwy 70th E, Lenoir City, TN 37772-5433
      View Details
    • Value Estimation
      $235,000
      3,000 SF

      321 Leeper Pkwy

      AUTO REPAIR, GARAGE • 3,000 SF
      321 Leeper Pkwy, Lenoir City, TN 37772-6151
      View Details
    • Value Estimation
      $225,000
      2,438 SF

      256 Simpson E Rd

      AUTO REPAIR, GARAGE • 2,438 SF
      256 Simpson E Rd, Lenoir City, TN 37772
      View Details
    • Value Estimation
      $205,000
      2,992 SF

      5650 Hwy 11th E

      AUTO REPAIR, GARAGE • 2,992 SF
      5650 Hwy 11th E, Lenoir City, TN 37772-6202
      View Details
    • Value Estimation
      $220,000
      17,334 SF

      1206 Broadway E St

      AUTO REPAIR, GARAGE • 17,334 SF
      1206 Broadway E St, Lenoir City, TN 37772-2101
      View Details

    Similar Nearby for Sale

    • $850,000
      2.51 Acres

      Lenoir City Home Depot Outparcel

      Pad-ready lot, high visibility, prime location.
      150 Kelsey Ln, Lenoir City, TN 37772
      View Details
    • $1,400,000

      Land for Mini-Farm Development

      Land ideal for developing mini-farms or a family compound.
      Lakeview Rd, Lenoir City, TN 37772
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    • $425,000
      0.57 Acres

      Lake View Lot in WindRiver

      Lake view lot in premier lakefront and golf community.
      375 Champions Way, Lenoir City, TN 37772
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    • $775,000
      0.85 Acres

      Lakefront Lot in ConKinnon Pointe

      0.85-acre lakefront lot with TVA-approved dock permit.
      355 Conkinnon Dr, Lenoir City, TN 37772
      View Details
    • $399,000
      3.62 Acres

      Lenoir City Land For Sale

      3.62 acres in Creekwood Park with I-75 road frontage.
      2557 Creekwood Park Blvd, Lenoir City, TN 37772
      View Details
    • $466,000
      0.35 Acres

      Land in Exclusive Lakefront Community

      Lakefront community land near shopping, airport, golf, and marina.
      15848 Lighthouse Pointe Dr, Lenoir City, TN 37772
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      2,000 SF

      Retail Space Walmart Outparcel

      Retail space available in a Walmart outparcel location.
      375 Kelsey Ln, Lenoir City, TN 37772
      View Details
    • $26 SF/Yr
      12,500 SF

      Lenoir City Retail Space Available

      Retail space in high-traffic Lenoir City retail corridor.
      131 Kelsey Ln, Lenoir City, TN 37772
      View Details
    • $1,530,000

      Lenoir City Commercial Corner Lot

      3.4 acre commercial lot at signalized intersection for rent.
      6801 Highway 11 East, Lenoir City, TN 37772
      View Details
    • $18 SF/Yr
      25,900 SF

      Move-in Ready Office Spaces Available

      Well-appointed office spaces with ample parking and highway exposure.
      149 Kelsey Ln, Lenoir City, TN 37772
      View Details
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    Lenoir City, TN 37772
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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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