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    726 Callahan Dr Knoxville, TN 37912
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    726 Callahan Dr Knoxville, TN 37912

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    • Industrial land
    Off-Market
    Property ID
    US80-0183182
    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

    • Industrial land

    Property Details for 726 Callahan Dr

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    This is a prime, interstate industrial development site consisting of ±66.49 acres in the North/Broadway submarket of Knoxville, offering the best access to the interstate and labor market in the Knoxville area. The Property is located on I-75 at the Callahan Road exit. The Property is 7 exits north of downtown Knoxville and 2 exits north of the I-640, providing multiple opportunities to travel in Knox County and the Knoxville MSA quickly. The Property is within a day’s driving distance from two-thirds of the US population. Three of the Nation’s most heavily traveled interstates (I-40, 75, and 81) converge in Knoxville. This strategic junction allows 53% of the US marketplace to be within a 650-mile radius of Knoxville. The Property is offered for sale without an asking price, and the owner will sell all or individual lots.

    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
    -84.003235
    Latitude
    36.018967

    Comparable in this City

    • Contact for pricing

      Half-Acre Land on Callahan Dr

      Half-acre land with commercial potential on Callahan Dr.
      6727 Campbell Ln, Knoxville, TN 37912
      View Details
    • $3,900,000

      2.55 Acres Commercial Land I-75

      2.55 acres commercial property with high visibility and interstate access.
      305 Callahan Dr, Knoxville, TN 37912
      View Details
    • $1,795,000
      10.75 Acres

      Knoxville Commercial Land Opportunity

      10.75 acre commercial land for sale in Knoxville, TN.
      1307 Callahan Dr, Knoxville, TN 37912
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    • $3,499,900

      Development Land Near I-75

      5+ acre development land near I-75 and amenities.
      Pratt Rd, Knoxville, TN 37912
      View Details
    • $349,900
      1.16 Acres

      Knoxville Land with Development Potential

      1.159-acre lot with mixed-use zoning near downtown Knoxville.
      Keck Rd, Knoxville, TN 37912
      View Details
    • $2,695,000

      Clinton Highway Land Portfolio

      21-acre land portfolio on high-traffic Clinton Highway.
      6350 Clinton Hwy, Knoxville, TN 37912
      View Details

    Similar Nearby for Sale

    • $2,695,000

      Clinton Highway Land Portfolio

      21-acre land portfolio on high-traffic Clinton Highway.
      6350 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $289,900
      7.57 Acres

      Knoxville Land with Utilities

      7.57 acres with utilities available in Knoxville, Tennessee.
      1411 NW Michaels Ln, Knoxville, TN 37912
      View Details
    • Contact for pricing

      Half-Acre Land on Callahan Dr

      Half-acre land with commercial potential on Callahan Dr.
      6727 Campbell Ln, Knoxville, TN 37912
      View Details
    • $3,499,900

      Development Land Near I-75

      5+ acre development land near I-75 and amenities.
      Pratt Rd, Knoxville, TN 37912
      View Details
    • $349,900
      1.16 Acres

      Knoxville Land with Development Potential

      1.159-acre lot with mixed-use zoning near downtown Knoxville.
      Keck Rd, Knoxville, TN 37912
      View Details
    • $3,900,000

      2.55 Acres Commercial Land I-75

      2.55 acres commercial property with high visibility and interstate access.
      305 Callahan Dr, Knoxville, TN 37912
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land with Development Potential

      Land with commercial building, utilities, and development opportunities.
      2535 Old Callahan Dr, Knoxville, TN 37912
      View Details
    • $70,588

      Callahan Road Commercial Land Parcel

      High-visibility commercial land parcel with retail/office use potential.
      000 Callahan Rd, Knoxville, TN 37912
      View Details
    • Contact for pricing

      Callahan Drive Commercial Land Available

      High-visibility commercial land for lease in Knoxville.
      1710 Callahan Dr, Knoxville, TN 37912
      View Details
    • Contact for pricing

      Retail/Office Property on Clinton Hwy

      Corner lot property suitable for retail or office use.
      5514 Clinton Hwy, Knoxville, TN 37912
      View Details
    • $13 SF/Yr
      46,480 SF

      Premier Industrial-Flex Development For Lease

      State-of-the-art industrial-flex space designed for growing businesses.
      2105 Callahan Dr, Knoxville, TN 37912
      View Details
    • $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
    Request Owner's contact information
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    726 Callahan Dr
    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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