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Property profile & analytics
OFF-MARKET Estimated value $855,000
Casinos

8537 Asheville Hwy Knoxville, TN 37924-4116

8,000 SF 1.33 ac lot Built 1996
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1448831
Property summary
AI-generated overview

This Class A, 8,000 square foot office building, located at 8537 Asheville Hwy in Knoxville, Tennessee, presents a fantastic opportunity. Built in 1996, this two-story structure sits on a substantial 62,708 square foot lot (APN: 062 210, Knox County). The property features multiple tenancies, with at least one 800 square foot suite currently available. The building is well-maintained and offers the flexibility for tenants to lease individual suites or combine them to meet their specific space requirements. Its location provides convenient parking and high visibility, making it an attractive option for businesses seeking a prominent presence in Knoxville. The property is categorized as a traditional office space and offers a desirable combination of functionality and accessibility. The building's design and layout are adaptable to various business needs, allowing for customization to create an efficient and productive work environment. This is an excellent opportunity to secure a well-located, high-quality office space in a thriving area of Knoxville. The property's size and features make it suitable for a range of businesses seeking a professional and convenient workspace.

Property profile
Verified
Property type Casinos
Use group CASINO
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,000 SF
Lot 1.33 ac (57,935 SF)
APN 062 210
UPID US80-1448831
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
  • BenchMark Physical Therapy Physician
  • East Tn Occupational Therapy Physician
  • Zachary Rupp Physician
  • Evan Beckman Physician
  • Matthew Cabbage Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$726k
Blend (final) Blend
$855k
Owner & transaction history
Richard L Torbett II · 2 yrs held
Richard L Torbett II
since 2023
Last sale
$975,000
7 recorded transactions
2023
$975,000
2020
Price N/A
2020
Price N/A
2017
Price N/A
2017
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.3M +7.7%
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