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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9600 Parkside Dr Knoxville, TN 37922

    • Casinos
    • 144,557 SF
    • 8.61 lot acres
    For Lease
    View listing
    $26 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0928941
    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

    • Jedora / Jewelry Store
    • JTV / Jewelry Store / Corporate Office

    Property Details for 9600 Parkside Dr

    Year built
    1978
    Construction
    LIGHT FRAME
    Lot size
    8.61 lot acres
    Property size
    144,557 SF
    Property type
    Casinos
    APN
    132 02301
    APU
    13202301

    Description

    This exceptional Class A office building, located at 9600 Parkside Drive in Knoxville, Tennessee, offers a variety of executive office suites for lease. The property, built in 1978, boasts a total of 144,557 square feet and currently has 53,425 square feet of vacant space available. Multiple tenancy options exist, with the minimum divisible space being 3,804 square feet and the maximum contiguous space totaling 27,702 square feet. The entire third floor, encompassing 27,702 square feet, is available and can be subdivided into three separate spaces: 3,804, 10,334, and 11,585 square feet. The building features high-end Class A finishes throughout, including multiple kitchen/break room areas, four conference rooms, a spacious outdoor patio, and a rooftop deck. The layout includes a mix of large private offices and several spacious cubicle areas, providing flexibility for various business needs. This Knox County property is conveniently located at 9600 Parkside Dr, Knoxville, TN 37922, offering easy access to area amenities. The building is divided into four total suites. This is an excellent opportunity for businesses seeking premium office space in a desirable Knoxville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $38,196,000
      Market price range: $18.3M - $79.8M
      AI Estimate
      $38,196,000
      Market price range: $18.3M - $79.8M

    • Alternative Use

      Use
      Estimation
      CASINO
      $38,195,000
      Current use
      RESTAURANT
      $60,265,000
      Change: +58% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $45,100,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.1031
    Latitude
    35.9119
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $2,690,700
    $25,977,400
    $28,668,100

    Comparable in this City

    • Value Estimation by Request
      742 SF

      10421 Hickory Path Way Ste, Unit 101

      CASINO • 742 SF
      10421 Hickory Path Way Ste, Knoxville, TN 37922-0702
      View Details
    • Value Estimation by Request
      984 SF

      10415 Hickory Path Way Ste, Unit 102

      CASINO • 984 SF
      10415 Hickory Path Way Ste, Knoxville, TN 37922-0701
      View Details
    • Value Estimation by Request
      1,024 SF

      9724 Kingston Pike Ste, Unit 103

      CASINO • 1,024 SF
      9724 Kingston Pike Ste, Knoxville, TN 37922-3387
      View Details
    • Value Estimation by Request
      512 SF

      9724 Kingston Pike Ste, Unit 104

      CASINO • 512 SF
      9724 Kingston Pike Ste, Knoxville, TN 37922-3387
      View Details
    • Value Estimation by Request
      512 SF

      9724 Kingston Pike Ste, Unit 105

      CASINO • 512 SF
      9724 Kingston Pike Ste, Knoxville, TN 37922-3387
      View Details
    • Value Estimation by Request
      1,024 SF

      9724 Kingston Pike Ste, Unit 108

      CASINO • 1,024 SF
      9724 Kingston Pike Ste, Knoxville, TN 37922-3387
      View Details

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    Similar Nearby for Lease

    • $28 SF/Yr
      3,100 SF

      Retail Space in Turkey Creek

      Retail buildings with high traffic and thriving neighbors.
      10913 Parkside Dr, Knoxville, TN 37922
      View Details
    • $26 SF/Yr
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      Lakeside Executive Office Suites

      Prestigious Knoxville Office Space, Lake Views
      2095 Lakeside Centre Way, Knoxville, TN 37922
      View Details
    • $4,950,000
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      Class A Office Space

      Class A office space with great visibility and ample parking.
      110-120 Capital Dr, Knoxville, TN 37922
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    • $18 SF/Yr
      1,530 SF

      Retail Space on Kingston Pike

      Retail space available for lease on Kingston Pike.
      9305 Kingston Pike, Knoxville, TN 37922
      View Details
    • $26 SF/Yr
      9,958 SF

      Lakeside Centre Way Office Space

      First-floor office space with private offices, conference rooms, and breakroom.
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      View Details
    • $19 SF/Yr
      150,000 SF

      Franklin Square Office Suites

      West Knoxville Office Space Available
      9724 Kingston Pike, Knoxville, TN 37922
      View Details
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    9600 Parkside Dr
    Knoxville, TN 37922
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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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