Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Wilcox Dr S, TN

    • Office properties & Spaces
    • 264,500 SF
    • 57.97 lot acres
    OFF-MARKET
    Value Estimations
    $18,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2592112
    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

    • Office properties & Spaces

    Property Details for Wilcox Dr

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    57.97 lot acres
    Property size
    264,500 SF
    Property type
    Office properties & Spaces
    APN
    082061G A 00100
    APU
    082061GA00100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $24,565,000
      Current use
      RETAIL STORES
      $19,725,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    S
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5542
    Latitude
    36.5392
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA 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
    0
    $0.00
    $832,520
    $20,373,920
    $21,206,440
    -
    $2,081,300
    $50,934,800
    $53,016,100

    Comparable in this City

    • Value Estimation by Request
      3,840 SF

      W

      OFFICE (GENERAL) • 3,840 SF
      W, Lamar Alex Pkwy, TN
      View Details
    • Value Estimation by Request
      900 SF

      Highway

      OFFICE (GENERAL) • 900 SF
      Highway, 11-2315, TN
      View Details
    • Value Estimation by Request
      1,500 SF

      Dyer Hwy, TN

      OFFICE (GENERAL) • 1,500 SF
      Dyer Hwy, TN
      View Details
    • Value Estimation by Request
      1,872 SF

      W

      OFFICE (GENERAL) • 1,872 SF
      W, Lamar Alex Pkwy, TN
      View Details
    • Value Estimation by Request
      3,476 SF

      Second St, TN

      OFFICE (GENERAL) • 3,476 SF
      Second St, TN
      View Details
    • Value Estimation by Request
      1,872 SF

      W

      OFFICE (GENERAL) • 1,872 SF
      W, Lamar Alex Pkwy, TN
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,100 SF

      Versatile Commercial Building Near Development

      Adaptable commercial building suitable for owner-users, restaurants, or bars.
      211 Mcmillin St, Nashville, TN
      View Details
    • $6,900,000
      37,804 SF

      Landmark Office Building For Lease

      Three-level office building with open floor plans and ample parking.
      150 Americus Ave, Oak Ridge, TN
      View Details
    • $1,900,000
      15,000 SF

      Oak Ridge Industrial/Office Facility

      15,000 SF industrial/office facility in Bethel Valley Industrial Park.
      1003 Larsen Dr, Oak Ridge, TN
      View Details
    • Contact for pricing
      3,000 SF

      West Knoxville Medical Office Space

      3,000 SF medical office in high-activity office park.
      312 Prosperity Dr, Knoxville, TN
      View Details
    • Contact for pricing
      3,900 SF

      Medical/Office Space Near Parkwest Hospital

      3,900 SF open space suitable for medical or office use.
      10133 Sherrill Dr, Knoxville, TN
      View Details
    • Contact for pricing
      229,000 SF

      East Shelby Distribution Campus

      Unique distribution campus in Shelby County, Tennessee, with rare infrastructure.
      2774 Grays Creek Rd, Arlington, TN
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      208 SF

      West Knoxville Office Space Available

      Multi-tenant office building with a full-service lease.
      220 S Peters Rd -, Knoxville, TN
      View Details
    • Contact for pricing
      5,355 SF

      Versatile Commercial Space Available

      Updated commercial space with flexible layout and ample parking.
      4500 Holston Rd, Knoxville, TN
      View Details
    • Contact for pricing
      36,250 SF

      Prime East Memphis Office Space

      Upscale office space in rapidly expanding East Memphis area.
      5763-5791 Summer Tree Dr, Memphis, TN
      View Details
    • Contact for pricing
      5,471 SF

      Downtown Office Space For Rent

      Office space with private parking lot available for rent.
      1626 Downtown Blvd W, Knoxville, TN
      View Details
    • $15 SF/Yr
      955 SF

      Renovated Office Space in Hendersonville

      Newly renovated office space in Hendersonville's growing business corridor.
      71 B C New Shackl, Hendersonville, TN
      View Details
    • Contact for pricing
      24,725 SF

      Nashville Office Space For Rent

      Office space available for lease in Nashville, Tennessee.
      2200 Bowline Ave, Nashville, TN
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Wilcox Dr
    S, TN
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!