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    6308 Chapman Hwy Knoxville, TN 37920
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    Property profile & analytics

    6308 Chapman Hwy, Knoxville, TN 37920

    View on Map
    • Commercial real estate
    • 7,832 SF
    • 0.80 lot acres
    Off-Market
    Property ID
    US80-1065158
    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

    • Mc Clung Medical Systems / IT Consulting Firm / (Bike/Boat/Book/etc) Store

    Property Details for 6308 Chapman Hwy

    Year built
    1950
    Lot size
    0.80 lot acres
    Property type
    Commercial real estate
    APN
    123LD020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 14, 2025 $575,000 Benton Roofing Poperties LLC Marian M Reagan Special Warranty Deed —

    Description

    This versatile 7,832 square foot mixed-use building in Knoxville, Tennessee, presents a unique investment opportunity. Located at 6308 Chapman Highway, this property boasts high visibility and traffic counts due to its prime location. The building, constructed in 1950, sits on a 0.8-acre lot and features a blend of office and warehouse space, ideal for a variety of businesses. Approximately 3,200 square feet are dedicated to office space, while approximately 4,600 square feet provide ample warehouse area. The property includes convenient features such as one drive-in door and one dock door, enhancing operational efficiency. Zoned C-H-2, this property offers flexibility for various uses, including retail showrooms, offices, or warehouse distribution centers. The substantial lot size allows for potential future expansion or additional storage. The asking price is $625,000, translating to $79.80 per square foot. This property is currently vacant, providing immediate occupancy for the new owner. The property's location in a high-growth area of Knoxville makes it an attractive investment with significant potential for future appreciation. All information should be independently verified by the buyer. APN: 123LD020.

    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
    -83.8717351
    Latitude
    35.9215516

    Comparable in this City

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      Knoxville Redevelopment Opportunity

      Two-story commercial building in a rapidly growing community.
      315 Ogle Ave, Knoxville, TN 37920
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    • $625,000

      South Knox Flex Property

      Flex property with office and warehouse space in South Knox.
      6308 Chapman Hwy, Knoxville, TN 37920
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    • $1,875,000
      24.15 Acres

      Versatile Knoxville Property with Development Potential

      24.15-acre property with industrial facility and multiple income-producing assets.
      1021 E Hendron Chapel Rd, Knoxville, TN 37920
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    • $4,999,999
      22.28 Acres

      Waterfront Land on Little River

      22-acre waterfront tract ideal for a private estate.
      Topside Rd, Knoxville, TN 37920
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    • $850,000
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      Knoxville Land For Sale

      26.84 acre land parcel in Knoxville, Tennessee.
      217 Whites School Rd, Knoxville, TN 37920
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    • Contact for pricing
      27,000 SF

      Knoxville Office Building For Sale

      26,760 SF office building with flexible owner financing.
      7209 Chapman Hwy, Knoxville, TN 37920
      View Details

    Similar Nearby for Sale

    • $415,000
      7,374 SF

      Knoxville Redevelopment Opportunity

      Two-story commercial building in a rapidly growing community.
      315 Ogle Ave, Knoxville, TN 37920
      View Details
    • $625,000

      South Knox Flex Property

      Flex property with office and warehouse space in South Knox.
      6308 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $1,875,000
      24.15 Acres

      Versatile Knoxville Property with Development Potential

      24.15-acre property with industrial facility and multiple income-producing assets.
      1021 E Hendron Chapel Rd, Knoxville, TN 37920
      View Details
    • $4,999,999
      22.28 Acres

      Waterfront Land on Little River

      22-acre waterfront tract ideal for a private estate.
      Topside Rd, Knoxville, TN 37920
      View Details
    • $850,000
      Pending

      Knoxville Land For Sale

      26.84 acre land parcel in Knoxville, Tennessee.
      217 Whites School Rd, Knoxville, TN 37920
      View Details
    • Contact for pricing
      27,000 SF

      Knoxville Office Building For Sale

      26,760 SF office building with flexible owner financing.
      7209 Chapman Hwy, Knoxville, TN 37920
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      Commercial Land in High-Traffic Area

      Land for rent in growing waterfront area with high visibility.
      3106 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $15 SF/Yr
      2,415 SF

      Retail Center Space For Lease

      Health and wellness focused retail center with high visibility.
      4512 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing
      1,360 SF

      Restaurant or Retail Space Available

      6,000 SF space suitable for restaurant or retail use.
      7417-7433 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $1,200 /Mo

      High-Traffic Land for Lease

      Prime commercial land available in a high-growth Knoxville corridor.
      3106 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $12 SF/Yr
      3,072 SF

      Chapman Highway Retail Opportunity

      Freestanding retail with drive-thru on high-visibility corner.
      4000 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Health Center

      Retail space in health and wellness focused retail center.
      4512-4580 Chapman Hwy, Knoxville, TN 37920
      View Details
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    Knoxville, TN 37920
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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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