Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6152 John May Dr Knoxville, TN 37921-2222
    Back to Search
    Property profile & analytics

    6152 John May Dr Knoxville, TN 37921-2222

    View on Map
    • Assisted living facilities
    • 5,506 SF
    • 2.23 lot acres
    Off-Market
    Last Sale May 18, 2022
    $155,000
    Property ID
    US80-1450122
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 6152 John May Dr

    Year built
    2021
    Lot size
    2.23 lot acres
    Property size
    5,506 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    092DA00460
    APU
    092DA00460

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0248
    Latitude
    35.981
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $123,700
    $1,270,600
    $1,394,300

    Comparable in this City

    • Value Estimation by Request
      5,506 SF

      6146 John May Dr

      HOMES (RETIRED, NURSING) • 5,506 SF
      6146 John May Dr, Knoxville, TN 37921-2222
      View Details
    • Value Estimation by Request
      3,552 SF

      923 Dameron Ave

      HOMES (RETIRED, NURSING) • 3,552 SF
      923 Dameron Ave, Knoxville, TN 37921-3538
      View Details
    • Value Estimation
      $525,000
      1,832 SF

      2710 Sanderson Rd

      DENTAL BUILDING • 1,832 SF
      2710 Sanderson Rd, Knoxville, TN 37921-4431
      View Details
    • Value Estimation
      $1,890,000
      10,527 SF

      1740 Western Ave

      MEDICAL BUILDING • 10,527 SF
      1740 Western Ave, Knoxville, TN 37921-6739
      View Details
    • Value Estimation
      $715,000
      7,200 SF

      626 Bernard Ave

      MEDICAL BUILDING • 7,200 SF
      626 Bernard Ave, Knoxville, TN 37921-6253
      View Details
    • Value Estimation by Request
      1,404 SF

      5601 Western Ave

      MEDICAL BUILDING • 1,404 SF
      5601 Western Ave, Knoxville, TN 37921-3238
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Commercial Parcel For Sale

      Nearly half-acre commercial parcel with redevelopment potential in Western Heights.
      919 Beaumont Ave, Knoxville, TN 37921
      View Details
    • $799,000

      Dental/Medical Office with Living Quarters

      Dental/Medical office with finished basement and living quarters for sale.
      5601 Western Ave, Knoxville, TN 37921
      View Details
    • $4,250,000
      Pending

      Knoxville Development Property: 57 Acres

      57 acres of development property centrally located in Northwest Knoxville.
      Orabella Rd, Knoxville, TN 37921
      View Details
    • $300,000
      Pending

      Knoxville Land: Build Your Dream

      5.6-acre vacant lot near Knoxville to build your dream home.
      2834 Bradley Lake Ln, Knoxville, TN 37921
      View Details
    • $30,000
      0.13 Acres

      Land in Knoxville, Tennessee

      Affordable land near downtown Knoxville and UT Campus.
      3339 Johnston St, Knoxville, TN 37921
      View Details
    • $65,000
      0.33 Acres

      Cleared Land in Knoxville, TN

      Cleared, combined city lots ready for development near downtown Knoxville.
      1723 Maryland Ave, Knoxville, TN 37921
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      72,000 SF

      Industrial Space Sublease Opportunity

      72,000 SF industrial space available for sublease near I-40/I-75.
      5700 Casey Dr, Knoxville, TN 37921
      View Details
    • Contact for pricing
      7,400 SF

      High-Traffic Knoxville Location For Rent

      Strategic location near Downtown Knoxville with high visibility and connectivity.
      801 E 5Th Ave, Knoxville, TN 37921
      View Details
    • Contact for pricing

      Industrial Laydown Yard For Rent

      50,000 SF industrial laydown yard near downtown Knoxville.
      816 Tulip Ave, Knoxville, TN 37921
      View Details
    • $16 SF/Yr
      2,600 SF

      Retail Property on Western Avenue

      Retail property with high traffic and income potential.
      3600-3606 Western Ave, Knoxville, TN 37921
      View Details
    • Contact for pricing
      11,988 SF

      Spacious Open Office Space

      11,988 SF office space with open floor plan.
      1820 Midpark Rd, Knoxville, TN 37921
      View Details
    • Contact for pricing
      6,500 SF

      Workman Rd Office Space Available

      6,500 SF mezzanine office space for lease.
      3585 Workman Rd, Knoxville, TN 37921
      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.
    6152 John May Dr
    Knoxville, TN 37921-2222
    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
    6152 John May Dr, Knoxville, TN, 37921
    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!