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    Property profile & analytics

    7430 Chapman Hwy Knoxville, TN 37920-6614

    • Strip malls
    • 28,000 SF
    • 5.86 lot acres
    OFF-MARKET
    Value Estimations
    $4,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1088252
    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

    • Strip malls

    Property Details for 7430 Chapman Hwy

    Year built
    2004
    Construction
    LIGHT FRAME
    Lot size
    5.86 lot acres
    Property size
    28,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    137 192
    APU
    137192

    Description

    This exceptional 6,000 square foot retail shopping center, located at 7430 Chapman Highway in Knoxville, Tennessee (zip code 37920), presents a fantastic leasing opportunity. The property is currently fully vacant, offering a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease portions. The minimum leasable space is 1,400 square feet, while the maximum contiguous space available is 3,200 square feet. This allows for flexibility to accommodate a variety of business needs and sizes. The property's prime location on Chapman Highway ensures high visibility and accessibility, benefiting from significant daily traffic volume. The address is easily identifiable and convenient for customers. This is an ideal location for businesses seeking strong foot traffic and exposure in a thriving Knoxville community. The property is categorized as a retail shopping center, offering a versatile space suitable for a wide range of retail uses. Interested parties are encouraged to inquire about lease terms and conditions. The property's latitude and longitude coordinates are 35.909968 and -83.8435659 respectively. This presents a rare opportunity to establish a strong retail presence in a desirable Knoxville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,162,000
      Market price range: $1.69M - $9.34M
      AI Estimate
      $4,162,000
      Market price range: $1.69M - $9.34M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,390,000
      Current use
      MEDICAL BUILDING
      $5,675,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,475,000
      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
    -83.8437
    Latitude
    35.9095
    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
    $48,724
    $0.00
    $0.00
    $1,313,440
    -
    $1,339,600
    $1,944,000
    $3,283,600

    Comparable in this City

    • Value Estimation
      $1,730,000
      28,629 SF

      2814 Dresser Rd

      SHOPPING CENTER, STRIP CENTER • 28,629 SF
      2814 Dresser Rd, Knoxville, TN 37920-3715
      View Details
    • Value Estimation
      $5,215,000
      21,523 SF

      7417 Chapman Hwy

      SHOPPING CENTER, STRIP CENTER • 21,523 SF
      7417 Chapman Hwy, Knoxville, TN 37920-6613
      View Details
    • Value Estimation
      $3,870,000
      35,094 SF

      906 Sevier Ave

      SHOPPING CENTER, STRIP CENTER • 35,094 SF
      906 Sevier Ave, Knoxville, TN 37920-2121
      View Details
    • Value Estimation by Request
      6,440 SF

      129 Moody Ave

      SHOPPING CENTER, STRIP CENTER • 6,440 SF
      129 Moody Ave, Knoxville, TN 37920-4201
      View Details
    • Value Estimation
      $1,880,000
      13,260 SF

      7220 Chapman Hwy

      SHOPPING CENTER, STRIP CENTER • 13,260 SF
      7220 Chapman Hwy, Knoxville, TN 37920-6679
      View Details
    • Value Estimation
      $1,105,000
      18,258 SF

      3905 Chapman Hwy

      SHOPPING CENTER, STRIP CENTER • 18,258 SF
      3905 Chapman Hwy, Knoxville, TN 37920-4253
      View Details

    Similar Nearby for Sale

    • $2,500,000
      13,260 SF

      Retail Strip Center Development Opportunity

      Retail strip center with high growth and traffic location.
      7220 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing
      1.40 Acres

      Prime Knoxville Commercial Land

      ±1.4 Acres, High-Traffic Location
      140 Green Rd, Knoxville, TN 37920
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      14,500 SF

      Retail Property on Alcoa Hwy

      Retail property with high traffic and visibility on Alcoa Hwy.
      3125-3169 Lakemoor Vw Rd, Knoxville, TN 37920
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    • $2,500,000

      South Knoxville Automotive Service Center

      4,140 SF automotive service center on 0.967 acres.
      2612 W Blount Ave, Knoxville, TN 37920
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      1,507 SF

      Retail Property with High Visibility

      Retail space with ample parking and high traffic volume.
      3169 Lakemoor Vw Rd, Knoxville, TN 37920
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    • $349,000
      2.81 Acres

      Lakemoor Hills Buildable Land

      2.81 acres with build sites, views, near Fort Loudon Lake.
      Montlake Lot 2 Dr, Knoxville, TN 37920
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      57,446 SF

      Chapman Hwy Retail Center

      Knoxville retail space for lease.
      6502 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space available near Walmart and Home Depot.
      7317 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Major Retailers

      Retail space available near Walmart and Home Depot.
      7301-7357 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Space in Health Center

      Retail space in health and wellness focused retail center.
      4512-4580 Chapman Hwy, Knoxville, TN 37920
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space available near Walmart and Home Depot.
      7213 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $3,200 /Mo
      2,486 SF

      Retail Space on Chapman Highway

      Retail space available for rent at a prominent intersection.
      7501 Chapman Hwy, Knoxville, TN 37920
      View Details
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    Knoxville, TN 37920-6614
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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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