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    Property profile & analytics

    7535 Conner Rd Powell, TN 37849

    • Turn key restaurants
    • 5,873 SF
    • 2.14 lot acres
    For Sale
    View listing
    $2,450,000
    Last Sale
    Jan 03, 2022
    $1,775,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3509055
    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

    • Los Braceros Mexican Cantina / Restaurant
    • VACANT / Restaurant

    Property Details for 7535 Conner Rd

    Year built
    1997
    Construction
    LIGHT FRAME
    Lot size
    2.14 lot acres
    Property size
    5,873 SF
    Property type
    Turn key restaurants
    APN
    047OB009
    APU
    047OB009

    Description

    This exceptional 5,874 square foot Class A restaurant is available for $2,450,000. Located at 7535 Conner Rd in Powell, Tennessee (zip code 37849), this single-tenant property sits on a 2.14-acre lot and boasts 98 parking spaces. Built in 1997, the one-story building is zoned C-R-2 and offers a turnkey operation, complete with all tables, chairs, bar equipment, kitchen equipment, and flat screens. The property enjoys a high-traffic, high-visibility location just off I-75, making it ideal for a variety of uses, including a brewery, eatery, or even medical facility. The asking price is $442.62 per square foot. Owner financing is available at 5%. The property features a single building and is listed as a retail property with a restaurant subtype. The legal description is APN 047OB009. This is a NNN lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,228,000
      Market price range: $899k - $4.02M
      AI Estimate
      $2,228,000
      Market price range: $899k - $4.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9995
    Latitude
    36.0507
    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
    $27,256
    $0.00
    $0.00
    $734,760
    -
    $902,300
    $934,600
    $1,836,900

    Comparable in this City

    • Value Estimation by Request
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      $2,410,000
      5,397 SF

      570 Emory Rd

      RESTAURANT • 5,397 SF
      570 Emory Rd, Powell, TN 37849-3519
      View Details
    • Value Estimation
      $1,845,000
      3,330 SF

      500 Emory Rd

      RESTAURANT • 3,330 SF
      500 Emory Rd, Powell, TN 37849-3519
      View Details
    • Value Estimation
      $2,160,000
      5,276 SF

      315 Emory Rd

      RESTAURANT • 5,276 SF
      315 Emory Rd, Powell, TN 37849
      View Details
    • Value Estimation
      $3,535,000
      7,086 SF

      119 Emory Rd

      RESTAURANT • 7,086 SF
      119 Emory Rd, Powell, TN 37849-4014
      View Details
    • Value Estimation
      $535,000
      3,492 SF

      1900 Emory Rd

      RESTAURANT • 3,492 SF
      1900 Emory Rd, Powell, TN 37849-5349
      View Details

    Similar Nearby for Sale

    • $2,450,000
      5,873 SF

      Turn-Key Restaurant For Sale

      Restaurant with high traffic and visibility, ready to operate.
      7535 Conner Rd, Powell, TN 37849
      View Details
    • $2,450,000
      5,874 SF

      Powell, TN Restaurant - Turnkey Opportunity

      Fully equipped restaurant, prime location, high traffic.
      7535 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing
      1,909 SF

      Restaurant Opportunity on Emory Road

      Former restaurant in growing area with high traffic counts.
      405 E Emory Rd, Powell, TN 37849
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    • $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
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    • $4,230,000
      94,000 SF

      Powell Industrial Building For Sale

      94,000 SF industrial building in the Powell business district.
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    • $59,900
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      Residential Land in Powell, TN

      2.25 acres to build your dream home in Halls!
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    Similar Nearby for Lease

    • Contact for pricing
      3,532 SF

      Retail Building with Drive-Thru

      3532 SF building with drive-thru on 1.4 acres.
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      95,591 SF

      Powell Place Shopping Center Lease

      Knox County Retail Space Available
      3501 Emory Rd, Powell, TN 37849
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    • Contact for pricing
      1,909 SF

      Emory Road Retail Space For Lease

      High-traffic retail space, excellent visibility.
      405 Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      I-75 Frontage Development Opportunity

      Land with high visibility and interstate access.
      7715 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Land Adjacent to Tennova North

      4.4 acres of commercial land for rent.
      7700 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Ground lease or build-to-suit opportunity in high-growth area.
      241 E Emory Rd, Powell, TN 37849
      View Details
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    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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