Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    707 N Broadway St Knoxville, TN 37917
    Back to Search
    Property profile & analytics

    707 N Broadway St, Knoxville, TN 37917

    View on Map
    • Banks
    • 4,086 SF
    For Lease
    $1,425,000
    View Listing →
    Retail Space with Vaulted Ceilings For Lease
    $1,425,000
    4,086 SF

    Retail Space with Vaulted Ceilings

    Retail property featuring ample parking, outdoor space, and large windows.

    707 N Broadway St, Knoxville, TN
    View Listing
    Property ID
    US80-1209740
    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
    $1,425,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Regions Bank / Bank / Financial Institution
    • ATM (Regions Bank) / Atm
    • Western Union / Bank / Credit Union
    • Regions Mortgage / Loan Service / Bank

    Property Details for 707 N Broadway St

    Year built
    1988
    Construction
    LIGHT FRAME
    Property type
    Banks
    APN
    094DC015
    APU
    094DC015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2023 $1,475,000 707 Broadway LLC Regions Bank Special Warranty Deed —
    — — Knox Trailers INC — Deed Of Trust · related $300k · Amsouth Bank
    — — Harb-saah Partnership — Deed Of Trust · related $130k · Amsouth Bank

    Description

    This exceptional 4,086 square foot commercial property, located at 707 N Broadway in Knoxville, Tennessee (zip code 37917), presents a unique investment opportunity. The Class A building, constructed in 1988, offers flexible space suitable for retail, office (creative or traditional), or restaurant use. The entire 4,086 square feet is currently vacant and available, divisible to a minimum of 2,043 square feet. The single-story building features high vaulted ceilings and ample parking with 87 spaces. The property is zoned DK-E and boasts a prominent location, offering high visibility and foot traffic. The space is offered as-is, with tenant improvement allowances negotiable. This is a chance to customize a space to perfectly fit your business needs in a thriving Knoxville location. The property includes three-phase power and is ready for immediate occupancy. Don't miss this chance to establish your business in a vibrant and accessible area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.924
    Latitude
    35.9768
    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
    $12,527
    $0.00
    $0.00
    $337,700
    -
    $387,300
    $457,400
    $844,700

    Comparable in this City

    • Value Estimation
      $875,000
      4,519 SF

      5005 Washington Pike

      FINANCIAL BUILDING
      5005 Washington Pike, Knoxville, TN 37917-1415
      View Details
    • Value Estimation by Request
      9,600 SF

      711 Hall Of Fame Dr

      FINANCIAL BUILDING
      711 Hall Of Fame Dr, Knoxville, TN 37917-6722
      View Details
    • Value Estimation by Request
      4,056 SF

      2900 Broadway St

      FINANCIAL BUILDING
      2900 Broadway St, Knoxville, TN 37917-3234
      View Details
    • Value Estimation
      $770,000
      10,560 SF

      1503 Magnolia Ave

      FINANCIAL BUILDING
      1503 Magnolia Ave, Knoxville, TN 37917-7823
      View Details
    • Value Estimation
      $670,000
      4,904 SF

      3101 Broadway St

      FINANCIAL BUILDING
      3101 Broadway St, Knoxville, TN 37917-3239
      View Details
    • Value Estimation by Request
      0.26 Acres

      1500 5th Ave

      FINANCIAL BUILDING
      1500 5th Ave, Knoxville, TN 37917
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,036 SF

      Historic Buildings in Emory Place

      Three contiguous historic buildings in booming Knoxville district.
      8-12 Emory Pl, Knoxville, TN 37917
      View Details
    • Contact for pricing
      9,599 SF

      Knoxville Commercial Property for Sale

      Commercial property near downtown Knoxville available for purchase.
      600 E Magnolia Ave, Knoxville, TN 37917
      View Details
    • Contact for pricing
      3,984 SF

      Retail Space Available For Rent

      1783 square feet retail space available for rent.
      2300 E Magnolia Ave, Knoxville, TN 37917
      View Details
    • Contact for pricing
      3,360 SF

      Knoxville Commercial Service Center

      Three-bay service center available for lease in Knoxville, TN.
      Knoxville, TN 37917
      View Details
    • Contact for pricing
      6,052 SF

      Renovated Flex Space in Knoxville

      Newly renovated flex space with warehouse functionality and retail/office presence.
      508 Daniels Ave, Knoxville, TN 37917
      View Details
    • Contact for pricing

      North Knoxville Retail Spaces Available

      Retail and service spaces with great accessibility and visibility.
      4434 N Broadway, Knoxville, TN 37917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,700 SF

      Prime Retail Space Available

      Two 2,700 SF retail spaces in thriving downtown area.
      706 N Central St, Knoxville, TN 37917
      View Details
    • Contact for pricing
      3,500 SF

      Broadway Retail/Office Space Available

      High-visibility retail/office space in revitalized Knoxville corridor.
      904 N Broadway St, Knoxville, TN 37917
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Broadway Street

      Retail space available for rent on Broadway Street.
      4454 N Broadway St, Knoxville, TN 37917
      View Details
    • Contact for pricing
      3,290 SF

      Downtown North Retail Space

      Retail space in vibrant Downtown North district.
      750 Stone Ave, Knoxville, TN 37917
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    707 N Broadway St
    Knoxville, TN 37917
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    707 N Broadway St, Knoxville, TN, 37917
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!