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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6631 Clinton Hwy Knoxville, TN 37912

    • Community centers
    • 17,600 SF
    • 3.04 lot acres
    For Lease
    View listing
    $32 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1326126
    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

    • AAA Downtown Knoxville / Travel Agency
    • Sun Tan City / Tanning Salon
    • Wingstop / Restaurant
    • Joy Nails / Nail Salon
    • Sport Clips Haircuts of Clinton Highway / Hair Salon

    Property Details for 6631 Clinton Hwy

    Year built
    2005
    Construction
    LIGHT FRAME
    Lot size
    3.04 lot acres
    Property size
    17,600 SF
    Property type
    Community centers
    APN
    079 09117
    APU
    7909117

    Description

    This exceptional retail opportunity is located at 6631 Clinton Highway in Knoxville, Tennessee, 37912. The property, known as Clinton Highway Shops, offers two available suites within a 17,580 square foot building situated on the northwest corner of Clinton Highway and Schaad Road. The combined suites offer a total of 2,985 square feet of vacant space, with Suite 109 measuring 1,385 square feet and Suite 111 offering 1,600 square feet. Each suite is available for lease at a rate of $24.00 per square foot, triple net (NNN), with estimated NNN expenses of $6.81 per square foot. This high-traffic location benefits from approximately 54,000 vehicles passing daily, serving the needs of northwest Knoxville. The property enjoys a strong customer base due to favorable demographics and is surrounded by significant traffic generators including Home Depot, Walmart, Lowe's, Target, and numerous other national and regional retailers and service providers. This makes it an ideal location for a variety of retail or boutique office uses. The property is in Knox County and offers excellent visibility and accessibility. Contact us today to learn more about this prime retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,540,000
      Market price range: $1.06M - $5.87M
      AI Estimate
      $4,540,000
      Market price range: $1.06M - $5.87M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,390,000
      Current use
      RESTAURANT
      $7,335,000
      Change: +116% Conversion: Difficult
      MEDICAL BUILDING
      $3,565,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,825,000
      Change: -17% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,815,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0205
    Latitude
    36.006
    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
    $53,140
    $0.00
    $0.00
    $1,432,480
    -
    $1,689,800
    $1,891,400
    $3,581,200

    Comparable in this City

    • Value Estimation
      $6,520,000
      43,840 SF

      6636 Clinton Hwy

      MINI-MALL • 43,840 SF
      6636 Clinton Hwy, Knoxville, TN 37912-1016
      View Details
    • Value Estimation by Request

      5541 Clinton Hwy

      Lifestyle centers
      5541 Clinton Hwy, Knoxville, TN 37912
      View Details
    • Value Estimation
      $5,340,000
      16,000 SF

      6702 Clinton Hwy

      MINI-MALL • 16,000 SF
      6702 Clinton Hwy, Knoxville, TN 37912-1018
      View Details
    • Value Estimation
      $10,200,000
      48,130 SF

      5078 Clinton Hwy

      MINI-MALL • 48,130 SF
      5078 Clinton Hwy, Knoxville, TN 37912-3953
      View Details
    • Value Estimation
      $8,185,000
      115,586 SF

      6670 Clinton Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 115,586 SF
      6670 Clinton Hwy, Knoxville, TN 37912-1016
      View Details
    • Value Estimation
      $12,320,000
      133,171 SF

      6600 Clinton Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 133,171 SF
      6600 Clinton Hwy, Knoxville, TN 37912-1016
      View Details

    Similar Nearby for Sale

    • $2,300,000
      16,180 SF

      Neighborhood Strip Center For Sale

      Three-tenant strip center with investment or owner/user potential.
      5210 Schubert Rd, Knoxville, TN 37912
      View Details
    • $3,495,000
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      Knoxville Auto Shop - Prime Location

      8,600 SF Auto Dealership, High Traffic Area
      905 Callahan Dr, Knoxville, TN 37912
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    • $3,999,000
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      Modern Commercial Space in Knoxville

      8,600 SF commercial space ideal for automotive or retail.
      905 Callahan Dr, Knoxville, TN 37912
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    • $2,422,500
      2.55 Acres

      I-75 & Callahan Dr. Land

      Knoxville Commercial Land, 2.55 Acres
      0 Callahan Dr, Knoxville, TN 37912
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    • $499,000
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      Americus Village Shopping Center Lease

      Prime Retail Space, 7 Suites Available
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    • $2,300,000
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      Knoxville Retail Center: Prime Investment

      16,180 SF Retail Center, 3 Units, $2.3M
      5210 Schubert Rd, Knoxville, TN 37912
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      12,000 SF

      Retail Space on Clinton Highway

      Retail space with high visibility and traffic count.
      4313-4315 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $32 SF/Yr
      17,580 SF

      Retail Space on Clinton Highway

      Retail space available April 2026 in high-traffic Knoxville location.
      6631 Clinton Hwy, Knoxville, TN 37912
      View Details
    • Contact for pricing
      23,500 SF

      Retail Space on Clinton Highway

      Retail property available for lease with 23,500 square feet.
      6719 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $15 SF/Yr
      4,500 SF

      Retail Space on Clinton Highway

      Retail space available, formerly a gym, with open area.
      5078 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $9,100 /Mo
      8,400 SF

      Knoxville Commercial Property For Rent

      Commercial property with high visibility and accessibility in Knoxville, TN.
      4804 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $6,000 /Mo

      Retail Space Available For Rent

      Retail property available for lease on Clinton Highway.
      5724 Clinton Hwy, Knoxville, TN 37912
      View Details
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    Knoxville, TN 37912
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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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