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    6401 Asheville Hwy Knoxville, TN 37924
    Property profile & analytics

    6401 Asheville Hwy, Knoxville, TN 37924

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    • Commercial real estate
    • 9.37 lot acres
    Off-Market
    Property ID
    US80-1237087
    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

    • Commercial real estate

    Property Details for 6401 Asheville Hwy

    Lot size
    9.37 lot acres
    Property type
    Commercial real estate
    APN
    072 001

    Description

    This exceptional 9.37-acre property, located at 6401 Asheville Highway in Knoxville, Tennessee, presents a compelling investment opportunity. Zoned County Agricultural (CA), this land boasts excellent visibility and accessibility, situated less than half a mile from Interstate 40 near the Governor John Sevier Highway interchange. The property's strategic location offers significant advantages for developers seeking high-traffic exposure or for owner-occupants looking for a sizable parcel in a convenient location. The parcel number is 072 001. The asking price for this expansive tract is $637,500. Its agricultural zoning allows for a variety of potential uses, subject to Knox County regulations. Given its proximity to major transportation arteries and its considerable size, this land is well-suited for a range of development projects or as a substantial holding for future growth. The property's address is clearly visible from the highway, providing unparalleled marketing potential. Serious inquiries are encouraged to explore the possibilities this unique property offers. The zip code is 37924.

    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
    -83.8206493
    Latitude
    36.0178638

    Comparable in this City

    • $500,000
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    • $1,250,000
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      Knoxville Land For Sale

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      Prime Commercial Development Opportunity

      2.41-acre parcel for commercial development near popular destinations.
      2960 Miller Place Way, Knoxville, TN 37924
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      Land For Sale

      Land available for sale in Knoxville, Tennessee.
      6125 Riverview Crossing Dr, Knoxville, TN 37924
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      Land at John Sevier Intersection

      Land for sale at a major intersection in Knoxville.
      6114 Asheville Hwy, Knoxville, TN 37924
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    Similar Nearby for Sale

    • $500,000
      Pending

      Knoxville Land with Development Potential

      13.91 acres near Knoxville suitable for various development projects.
      7716 Strawberry Plains Pike, Knoxville, TN 37924
      View Details
    • Contact for pricing

      Commercial Land Near Amazon

      3.86 acres of developable commercial land near major tenants.
      Millertown Pike, Knoxville, TN 37924
      View Details
    • $1,250,000
      6.61 Acres

      Knoxville Land For Sale

      6.61 acre land parcel in Knoxville, Tennessee.
      Rutledge Pike, Knoxville, TN 37924
      View Details
    • Contact for pricing

      Prime Commercial Development Opportunity

      2.41-acre parcel for commercial development near popular destinations.
      2960 Miller Place Way, Knoxville, TN 37924
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Knoxville, Tennessee.
      6125 Riverview Crossing Dr, Knoxville, TN 37924
      View Details
    • Contact for pricing

      Land at John Sevier Intersection

      Land for sale at a major intersection in Knoxville.
      6114 Asheville Hwy, Knoxville, TN 37924
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    Similar Nearby for Lease

    • $75,000

      Retail Pad on Asheville Highway

      Retail pad site with high visibility and traffic count.
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      Retail Pad in East Knoxville

      Retail pad site with high visibility and drive-thru potential.
      6240 Asheville Hwy, Knoxville, TN 37924
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      Millertown Pike Outparcel For Rent

      0.96 acre outparcel adjacent to high-traffic Walmart.
      5320 Millertown Pike, Knoxville, TN 37924
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      Land for Rent Knoxville

      Land available for rent at 7800 Asheville Hwy, Knoxville.
      7800 Asheville Hwy, Knoxville, TN 37924
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    • $32 SF/Yr

      Retail Pad on Asheville Highway

      Retail space with high visibility in emerging Knoxville corridor.
      6240 Asheville Hwy, Knoxville, TN 37924
      View Details
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    Knoxville, TN 37924
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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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