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    Property profile & analytics

    Lamar Alex Pkwy Maryville, TN 37801

    • Warehouses
    • 5,000 SF
    • 1.29 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2022
    $300,000
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    6.4%
    Warehouses
    Location Intelligence
    Property ID
    US80-1947645
    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

    • Warehouses

    Property Details for Lamar Alex Pkwy

    Year built
    1989
    Lot size
    1.29 lot acres
    Property size
    5,000 SF
    Zone code
    BT
    Property type
    Warehouses
    APN
    005056 04411
    APU
    505604411

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $410,000
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $435,000
      6.5%
      $400,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $300,000
      Market price range: $188k - $464k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $320,000
      Current use
      AUTO REPAIR, GARAGE
      $585,000
      Change: +81% Conversion: Easy
      RETAIL STORES
      $450,000
      Change: +40% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -84.0378
    Latitude
    35.7556
    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
    $2,321
    $78,080
    $43,480
    $121,560
    -
    $195,200
    $108,700
    $303,900

    Comparable in this City

    • Value Estimation
      $250,000
      2,700 SF

      5850 Us Hwy 411th S

      WAREHOUSE, STORAGE • 2,700 SF
      5850 Us Hwy 411th S, Maryville, TN 37801
      View Details
    • Value Estimation
      $270,000
      6,720 SF

      5221 Us Hwy 411th S

      WAREHOUSE, STORAGE • 6,720 SF
      5221 Us Hwy 411th S, Maryville, TN 37801-9171
      View Details
    • Value Estimation
      $455,000
      14,280 SF

      1832 Lamar Alexander Pkwy

      WAREHOUSE, STORAGE • 14,280 SF
      1832 Lamar Alexander Pkwy, Maryville, TN 37801-3754
      View Details
    • Value Estimation
      $370,000
      5,060 SF

      1629 Percheron St

      WAREHOUSE, STORAGE • 5,060 SF
      1629 Percheron St, Maryville, TN 37801-3705
      View Details
    • Value Estimation
      $340,000
      5,151 SF

      5005 Us Hwy 411th S

      WAREHOUSE, STORAGE • 5,151 SF
      5005 Us Hwy 411th S, Maryville, TN 37801-9194
      View Details
    • Value Estimation
      $390,000
      5,000 SF

      323 Excellence Way

      WAREHOUSE, STORAGE • 5,000 SF
      323 Excellence Way, Maryville, TN 37801-8273
      View Details

    Similar Nearby for Sale

    • $1,499,900
      346,057 SF

      Highway 411 South Investment Opportunity

      7.9 acres with income streams and expansion potential.
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    • $825,000
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      Commercial Garage on 0.7 Acres

      Commercial garage property with 6,852 SF on 0.7 acres.
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      Industrial Property in Maryville, TN

      Industrial property available for sale in Maryville, Tennessee.
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    • $850,000
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      Updated Commercial Property with Garage

      Updated commercial property with high visibility and attached workshop.
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    • $14,870,000
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      Self-Storage and Industrial Opportunity

      Two satellite self-storage facilities available for sale.
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    • $4,500,000
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      Maryville Mixed-Use Land Investment

      Prime TN location, 1-10 acres, $4.5M
      1767 Broadway Ave, Maryville, TN 37801
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    Similar Nearby for Lease

    • $10 SF/Yr
      10,700 SF

      Office and Warehouse Property

      Class A office with attached and detached warehouse spaces.
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      Flexible manufacturing or development site available for rent.
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      View Details
    • $23 SF/Yr
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      Maryville Office Space For Lease

      Multi-tenant office complex near Blount Memorial Hospital.
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    • $28 SF/Yr
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      Maryville Retail-Office Opportunity

      High-visibility retail/office space in Blount County
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    • $2,000 /Mo
      1,296 SF

      Updated Condo in Maryville, TN

      Updated 2 bed, 2.5 bath condo in Maryville, TN.
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      View Details
    • Contact for pricing
      22,000 SF

      Downtown Maryville Retail/Office Opportunity

      Renovated space in historic downtown Maryville, ideal for retail/office.
      117-131 E Broadway Ave, Maryville, TN 37801
      View Details
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    Lamar Alex Pkwy
    Maryville, TN 37801
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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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