10018 Rutledge PikeCorryton, TN 37721

Property Details for 10018 Rutledge Pike

Year built

1985

Construction

WOOD FRAME

Property size (Sq ft)

1,700 SF

Property type

Retail properties

Property subtype

Retail space

APN

032CA009

APU

032CA009

Description

This exceptional 1,700-square-foot creative office space, situated on a 0.7-acre lot in Knox County, presents a unique opportunity for businesses seeking a flexible and adaptable workspace. The single-tenant building features an open floor plan, easily customizable to suit diverse operational needs. With approximately 600 square feet dedicated to office space and an additional 1,100 square feet of garage space, this property offers ample room for various uses, including retail, office, or storage. The property includes 20 parking spaces, ensuring convenient access for employees and clients. Utilities are the responsibility of the tenant under an NNN lease agreement. Monthly rent is $3,000, with a $3,000 security deposit required. The total building square footage is 1,700 square feet, situated on a lot encompassing approximately 30,492 square feet. Property taxes are $0.02 per square foot. Electricity is supplied by KUB. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving commercial environment. The building is available for lease only; it is not for sale. First month's rent, last month's rent, and security deposit are required for move-in, totaling $9,000. One bathroom is included in the building.

• CAP approach

  CAP return

  Valuation

  6%

  $639,326

  6.5%

  $590,147

  7%

  $547,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,702

  Geo Method

  $352,702

• Alternative Use

  Use

  Valuation

  Residential

  $497,811

  Hospitality

  $455,992

  Educational

  $379,380

  Medical

  $392,428

  Retail

  $590,147

Location Insight

City

Corryton

County

Knox

State

Tennessee

Latitude

36.1052

Longitude

-83.7403

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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