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    Property profile & analytics

    6212 Kingston Pike Knoxville, TN 37919

    • Auto shops
    • 1,299 SF
    • 0.22 lot acres
    For Sale
    View listing
    $994,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3228924
    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

    • M & M House-Brakes & Mufflers / Auto Repair Shop

    Property Details for 6212 Kingston Pike

    Year built
    1945
    Construction
    STEEL FRAME
    Lot size
    0.22 lot acres
    Property size
    1,299 SF
    Property type
    Auto shops
    APN
    121AC00901
    APU
    121AC00901

    Description

    This exceptional 1,004 square foot storefront, located at 6212 Kingston Pike in Knoxville, Tennessee, presents a unique investment opportunity. Built in 1945, this single-story, free-standing building sits on a 0.24-acre lot (APN 121AC00901) and is zoned C-G-1. Currently operating as an automotive shop with two bays, the property offers significant expansion potential. Its prime location, just west of the Kingston Pike Deane Hill intersection, benefits from high visibility and traffic volume. Across the street from Andy's Frozen Custard and near other successful retailers like First Watch, Wasabi, Bonefish Grill, and Whole Foods, this property is situated in a thriving retail submarket. The asking price is $994,500, translating to $990.54 per square foot. The sale includes the building, business, and equipment, making it an attractive option for a continuation of the existing automotive business or a new venture. This is a rare opportunity to acquire a highly sought-after location in one of Knoxville's most desirable areas. The property also includes 1,004 square feet of air rights. Don't miss this chance to own a piece of Knoxville's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0058
    Latitude
    35.9319
    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
    $4,993
    $0.00
    $0.00
    $134,600
    -
    $314,100
    $22,400
    $336,500

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      3030 Sutherland Ave

      AUTO REPAIR, GARAGE • 5,000 SF
      3030 Sutherland Ave, Knoxville, TN 37919-4569
      View Details
    • Value Estimation
      $1,850,000
      14,877 SF

      120 Gallaher Vw Rd

      AUTO REPAIR, GARAGE • 14,877 SF
      120 Gallaher Vw Rd, Knoxville, TN 37919-5357
      View Details
    • Value Estimation
      $1,710,000
      16,908 SF

      8538 Kingston Pike

      AUTO REPAIR, GARAGE • 16,908 SF
      8538 Kingston Pike, Knoxville, TN 37919-5353
      View Details
    • Value Estimation
      $2,520,000
      15,675 SF

      8413 Kingston Pike

      AUTO REPAIR, GARAGE • 15,675 SF
      8413 Kingston Pike, Knoxville, TN 37919-5352
      View Details
    • Value Estimation
      $1,855,000
      6,500 SF

      8522 Kingston Pike

      AUTO REPAIR, GARAGE • 6,500 SF
      8522 Kingston Pike, Knoxville, TN 37919-5353
      View Details
    • Value Estimation by Request
      4,080 SF

      3038 Sutherland Ave

      AUTO REPAIR, GARAGE • 4,080 SF
      3038 Sutherland Ave, Knoxville, TN 37919-4569
      View Details

    Similar Nearby for Sale

    • $859,000
      1,004 SF

      Automotive Shop on Kingston Pike

      Free-standing, two-bay automotive shop in desirable Knoxville location.
      6212 Kingston Pike, Knoxville, TN 37919
      View Details
    • $3,300,000
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      Montvue Center Retail Investment

      High-Yield Retail Property in Knoxville, TN
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      Kingston Pike Storefront Investment

      Prime Knoxville retail space, high traffic area.
      6212 Kingston Pike, Knoxville, TN 37919
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    • $50,000
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      Established Hemp Business in Bearden

      Hemp and CBD business in Knoxville's desirable Bearden area.
      5201 Kingston Pike #3, Knoxville, TN 37919
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    • $1,700,000
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      West Knoxville Commercial Property

      10,182 SF commercial property in West Knoxville for sale.
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    • $500,000
      1,216 SF

      Renovated Cottage on Sutherland Ave For Sale

      Renovated Cottage on Sutherland Ave For Sale
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    Similar Nearby for Lease

    • $16 SF/Yr
      16,548 SF

      Bearden Retail Space - Knoxville, TN

      Prime Bearden location, 2,330 sq ft available.
      5115 Homberg Dr, Knoxville, TN 37919
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    • $19 SF/Yr
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      West Knoxville Retail Center

      High-traffic shopping center, 3 spaces available
      7240 Kingston Pike, Knoxville, TN 37919
      View Details
    • $17 SF/Yr
      240,000 SF

      4405-4591 Kingston Pike

      Office Properties & Spaces • 240,000 SF
      4405-4591 Kingston Pike, Knoxville, TN 37919
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    • $26 SF/Yr
      53,938 SF

      Bearden Retail/Restaurant Space Available

      Class A retail/restaurant space in the heart of Bearden.
      4622 Kingston Pike, Knoxville, TN 37919
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    • $24 SF/Yr
      3,048 SF

      West Knoxville Open-Air Shopping Destination

      Retail space available in established shopping center on Kingston Pike.
      7240 Kingston Pike, Knoxville, TN 37919
      View Details
    • $25 SF/Yr
      18,000 SF

      Retail Space on Kingston Pike

      Retail space with Kingston Pike exposure, close to I-40.
      7007-7025 Kingston Pike, Knoxville, TN 37919
      View Details
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    Knoxville, TN 37919
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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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