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    Property profile & analytics

    7218 Larkspur Ln Powell, TN 37849

    • Commercial real estate
    • 3.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1800940
    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

    • Commercial real estate

    Property Details for 7218 Larkspur Ln

    Lot size
    3.22 lot acres
    Property type
    Commercial real estate
    APN
    067 09601

    Description

    This exceptional 3.22-acre commercial land parcel presents a remarkable development opportunity in the thriving Powell, Tennessee market. Situated at 7218 Larkspur Ln, Powell, TN 37849 (APN 067 09601), this property boasts 459 feet of frontage on Powell Drive, ensuring high visibility and accessibility. With a 2023 daily traffic count of 11,480 vehicles, this location offers unparalleled exposure for any commercial venture. The property's CA zoning allows for a wide range of development possibilities. Conveniently located approximately 400 yards from Clinton Highway, the site benefits from proximity to established retailers such as Walgreens, Food City, and Advance Auto Parts, creating a strong retail synergy. While a single-family residence currently occupies the land, the landlord can provide 60 days' notice to vacate, facilitating a smooth transition for development. Knox County has invested in significant flood mitigation efforts along the Powell Drive corridor, addressing potential concerns. To optimize the property's commercial potential, a curb cut on Powell Drive will be required. Importantly, this property is subject to county taxes only, eliminating city taxes, representing a significant cost advantage. This is a rare opportunity to acquire a strategically located, commercially zoned parcel in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0443616
    Latitude
    36.0189872

    Comparable in this City

    • $585,500

      9.85 Acres on Norris Freeway

      9.85 acres of commercial land on Norris Freeway.
      9613 Norris Fwy, Powell, TN 37849
      View Details
    • New
      $125,000
      4.41 Acres

      4.41 Acres in Powell, TN

      Two parcels totaling 4.41 acres in Powell, Tennessee.
      7723 Tabeel Ter Ln, Powell, TN 37849
      View Details
    • $1,500,000
      1 SF

      Powell Commercial Land Near I-75

      1.4 acres of commercial land with excellent visibility and access.
      7544 Conner Rd, Powell, TN 37849
      View Details
    • $499,900
      7.98 Acres

      Powell Land with Mountain Views

      Nearly 8 acres in Powell, TN, with mountain views.
      8220 Lucas Ln, Powell, TN 37849
      View Details
    • $1,675,000

      Emory Road Land Opportunity

      1.58 acres of commercial land near I-75.
      636 E Emory Rd, Powell, TN 37849
      View Details
    • $94,900

      Vacant Land on Clinton Highway

      3.93 acres of vacant land with road frontage.
      3042 Clinton Hwy, Powell, TN 37849
      View Details

    Similar Nearby for Sale

    • $585,500

      9.85 Acres on Norris Freeway

      9.85 acres of commercial land on Norris Freeway.
      9613 Norris Fwy, Powell, TN 37849
      View Details
    • New
      $125,000
      4.41 Acres

      4.41 Acres in Powell, TN

      Two parcels totaling 4.41 acres in Powell, Tennessee.
      7723 Tabeel Ter Ln, Powell, TN 37849
      View Details
    • $1,500,000
      1 SF

      Powell Commercial Land Near I-75

      1.4 acres of commercial land with excellent visibility and access.
      7544 Conner Rd, Powell, TN 37849
      View Details
    • $499,900
      7.98 Acres

      Powell Land with Mountain Views

      Nearly 8 acres in Powell, TN, with mountain views.
      8220 Lucas Ln, Powell, TN 37849
      View Details
    • $1,675,000

      Emory Road Land Opportunity

      1.58 acres of commercial land near I-75.
      636 E Emory Rd, Powell, TN 37849
      View Details
    • $94,900

      Vacant Land on Clinton Highway

      3.93 acres of vacant land with road frontage.
      3042 Clinton Hwy, Powell, TN 37849
      View Details

    Similar Nearby for Lease

    • $1.73 SF/Yr

      I-75 Frontage Development Opportunity

      Land with high visibility and interstate access.
      7715 Conner Rd, Powell, TN 37849
      View Details
    • $1.00 SF/Yr

      Commercial Land for Lease

      Pad sites available for ground lease or build-to-suit.
      7536 Clinton Hwy, Powell, TN 37849
      View Details
    • $1.73 SF/Yr

      Land Adjacent to Tennova North

      4.4 acres of commercial land for rent.
      7700 Conner Rd, Powell, TN 37849
      View Details
    • $1.00 SF/Yr

      Commercial Land Near I-75

      Land available for lease near I-75 and area retailers.
      7525 Central Avenue Pike, Powell, TN 37849
      View Details
    • $7,083 /Mo

      Commercial Land For Lease

      Ground lease or build-to-suit opportunity in high-growth area.
      241 E Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing
      95,591 SF

      Powell Place Shopping Center Lease

      Knox County Retail Space Available
      3501 Emory Rd, Powell, TN 37849
      View Details
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    7218 Larkspur Ln
    Powell, TN 37849
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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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