905 Callahan DrKnoxville, TN 37912

Property Details for 905 Callahan Dr

Year built

2016

Construction

LIGHT FRAME

Lot size

2.57 AC

Property size (Sq ft)

8,192 SF

Property type

Auto shops

APN

068 01401

APU

6801401

Description

This exceptional 8,600-square-foot Class A industrial property, built in 2016, is situated on a 2.57-acre lot at 905 Callahan Dr, Knoxville, TN 37912. The single-tenant building offers a versatile layout suitable for distribution, manufacturing, or auto shop uses, featuring three drive-in doors and a second-level private office. Currently occupied, the tenant has a 60-day relocation period upon sale or lease. The property benefits from a high-traffic location just off Interstate 75, experiencing over 26,000 vehicles passing daily. This prime location provides excellent visibility and accessibility, with direct access to a major retail corridor featuring national retailers like Target, Kroger, Home Depot, Lowe's, and Walmart. The surrounding area boasts a strong demographic profile, with an average 5-mile population of 116,482 and an average 5-mile household income of $65,604. This presents a compelling investment opportunity with significant potential for future growth and return. The property is zoned for retail, office, and industrial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $3,080,799

  6.5%

  $2,843,814

  7%

  $2,640,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,699,607

  Geo Method

  $1,699,607

• Alternative Use

  Use

  Valuation

  Residential

  $2,398,864

  Hospitality

  $2,197,346

  Educational

  $1,828,166

  Medical

  $1,891,040

  Retail

  $2,843,814

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

36.0206

Longitude

-84.0061

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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