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    6221 Kingston Pike Knoxville, TN 37919-4022
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    Property profile & analytics

    6221 Kingston Pike, Knoxville, TN 37919-4022

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    • Specialty properties
    • 2,392 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Jul 20, 2023
    $1,100,000
    Property ID
    US80-3257637
    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
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr pittman / Veterinary Clinic
    • Animal Wellness and Rehabilitation Center (AWRC) / Veterinary Clinic
    • Gernert John N DPM / Physician
    • Hellmann Mark DPM / Physician
    • Ellis Wendell L DC / Physician

    Property Details for 6221 Kingston Pike

    Year built
    1965
    Construction
    WOOD FRAME
    Lot size
    0.36 lot acres
    Property type
    Specialty properties
    APN
    121AA024
    APU
    121AA024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2023 $1,100,000 Cap Tn Knox LLC Brown Bear Properties LLC Warranty Deed $880k · Enrichment FCU
    Jul 17, 2017 $450,000 Brown Bear Properties LLC Hawk Family Properties Town Creek L Warranty Deed $814k · Compass Bank
    Mar 29, 2016 — Hawk Family Props Town Creek L — Trustees Deed · related $150k · Southeast Bk
    Dec 29, 2011 $325,000 Hawk Family Props Town Creek L Hawk,tracy L Quit Claim Deed · related —
    Jun 28, 2011 — Tracy L Hawk Hawk,david Quit Claim Deed · related —
    Dec 30, 2008 — David P Hawk Hawk Family Properties LLC Quit Claim Deed · related —
    Sep 28, 2006 $382,000 Hawk Family Properties LLC Sim,jeawook & Helen Warranty Deed —
    — — Hawk Family Properties LLC — Deed Of Trust · related $504k · United Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $990,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0058
    Latitude
    35.9328
    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
    $14,404
    $0.00
    $0.00
    $388,280
    -
    $595,700
    $375,000
    $970,700

    Comparable in this City

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    • Value Estimation by Request
      16,726 SF

      5315 Kingston Pike

      FUNERAL HOME
      5315 Kingston Pike, Knoxville, TN 37919-5020
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      0.41 Acres

      102 Northshore Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
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    • Value Estimation
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      9,870 SF

      6400 Kingston Pike

      VETERINARY, ANIMAL HOSPITAL
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    • Value Estimation by Request
      62,935 SF

      5138 Lyons Vw Pike

      PROFESSIONAL CLUBS/ASSOCIATIONS
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      7656 Northshore Dr

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    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

      West Knoxville Retail Ground Lease

      15-year ground lease in a dominant retail location.
      7727 Kingston Pik, Knoxville, TN 37919
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    • $1,750,000
      0.62 Acres

      Knoxville Land with Lake Views

      Gated land with lake views and deeded waterfront access.
      401 Carmel Lake Way, Knoxville, TN 37919
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    • $325,000
      Pending

      Prime Commercial Land on Kingston

      Highly visible 0.43 acre commercial land for sale.
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    • Contact for pricing
      1,004 SF

      Automotive Shop on Kingston Pike

      Free-standing, two-bay automotive shop in desirable Knoxville location.
      6212 Kingston Pike, Knoxville, TN 37919
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      Kingston Pike Commercial Land Available

      Commercial land available on Kingston Pike near major retailers.
      7600 Kingston Pike, Knoxville, TN 37919
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      944 SF

      Knoxville Specialty Property for Rent

      944 SF specialty property available for rent in Knoxville.
      6475 Kingston Pike, Knoxville, TN 37919
      View Details
    • Contact for pricing
      7,000 SF

      Bearden Hill High Visibility Property

      Prominent location on Kingston Pike, suitable for office, retail, medical.
      6601 Kingston Pike, Knoxville, TN 37919
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    • Contact for pricing
      24,712 SF

      Retail Property Ground Lease Opportunity

      Former retail building with parking for lease in Knoxville.
      230 Papermill Place Way, Knoxville, TN 37919
      View Details
    • $19 SF/Yr

      Kingston Pike Retail Space Available

      Retail space on Kingston Pike near West Town Mall.
      7211-7219 Kingston Pike, Knoxville, TN 37919
      View Details
    • $19 SF/Yr
      3,200 SF

      West Knoxville Open-Air Shopping Destination

      Open-air shopping destination on Knoxville's most traveled road.
      7240 Kingston Pike, Knoxville, TN 37919
      View Details
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    Knoxville, TN 37919-4022
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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.

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