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Property profile & analytics
OFF-MARKET Estimated value $4,705,000
Strip malls

7562 Mtn Grv Dr Knoxville, TN 37920-6754

14,100 SF 10.87 ac lot Built 2009
Entity Owned 6-yr Hold Free & Clear
Property ID
US80-0792420
Property summary
AI-generated overview

South Grove Shopping Center, located at 7562 Mountain Grove Dr, Knoxville, TN 37920, presents a unique opportunity for retailers seeking high visibility and strong traffic counts. This 14,100 square foot retail center is currently 100% vacant and offers flexible space options, with a minimum divisible space of 1,200 square feet and the potential to lease the entire 14,100 square feet contiguously. The property benefits from a prime location within the Woodfield Park retail hub, strategically positioned at the gateway between downtown Knoxville (just 5 miles away) and the entrance to Great Smoky Mountains National Park, a destination attracting over 10 million visitors annually. This ensures consistent high traffic volume, further enhanced by its proximity to major roadways boasting significant traffic counts: 29,013 AADT on Chapman Highway and 14,947 AADT on W. Governor John Sevier Highway. The center enjoys a strong anchor tenant in a high-volume Food City Grocery Store and is shadow-anchored by a regional Lowe's Improvement Store. Additional pad users include well-known national brands such as Chick-fil-A, CVS, Sonic, and McDonald's, creating a vibrant and established retail environment. This exceptional location and strong tenant mix offer an unparalleled opportunity for businesses seeking significant exposure and growth potential in a thriving market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2009
Construction LIGHT FRAME
Total area 14,100 SF
Lot 10.87 ac (473,497 SF)
APN 137 23513
UPID US80-0792420
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael E. Konrad, DMD Dental Office
  • Turker Goksel, DDS Dental Office
  • Harvey Bozeman Dental Office
  • Dr. Scott Denton Dental Office
  • American Family Dentistry - Mountain Grove Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.71M
Blend (final) Blend
$4.71M
Owner & transaction history
Brf II South Grove Land LLC · 6 yrs held
Brf II South Grove Land LLC
since 2020
2 recorded transactions
2020
Price N/A
2018
$11.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.9M +116.5%
Apartment house (5+ units) $4.7M +71.3%
Medical building $2.9M +5.3%
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