Knoxville, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Knoxville, Tennessee Market population: 181K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Knoxville TN Properties: 39.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Knoxville TN
Common questions from investors exploring commercial real estate in Knoxville TN.
What is the overall investment potential of Knoxville, TN, considering its demographics and economy?
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Knoxville's population of 180,830, with a median age of 34.1 and median household income of $33,595, suggests a relatively stable market. The poverty rate of 23.5% is somewhat concerning, but the high health insurance coverage rate of 88.5% and low average commute time of 19.6 minutes indicate a working-class market with access to employment and healthcare, making it an attractive option for investors.
How does the ethnic diversity and industry landscape of Knoxville impact real estate investment?
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The city's top ethnicities, including White (42.1%), White Non-Hispanic (40.5%), and Black (9.6%), contribute to a diverse population. With top industries like Wholesale Trade, Agriculture, and Information, Knoxville offers a mix of stable employment sectors, which can drive demand for housing and support rental yields, especially considering the foreign-born rate of 4.8% and the employed population of 85,915.
What are the key factors to consider when evaluating the quality of life in Knoxville for real estate investment purposes?
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The average commute time of 19.6 minutes, combined with the high health insurance coverage rate of 88.5%, suggests a good quality of life for residents. Additionally, the top commute methods, including driving alone, working from home, and carpooling, indicate flexibility and convenience, which can positively impact property values and rental demand, particularly in areas with high homeownership rates like the 46.7% seen in Knoxville.
How does the poverty rate and income inequality in Knoxville affect the attractiveness of the city for real estate investors?
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While the poverty rate of 23.5% and GINI coefficient of 0.494 may raise concerns about income inequality, the median property value of $117,000 and median property taxes of $41,572 offer a relatively affordable investment opportunity. The employed population of 85,915 and median household income of $33,595 also suggest a working-class market with potential for stable rental income, especially when considering the health insurance rate and commute times.
What role do education and unemployment rates play in assessing the long-term viability of real estate investments in Knoxville?
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The high school graduation rate of 85.2% and bachelor's degree or higher rate of 24.5% indicate a relatively educated population, which can contribute to a stable workforce and support local economic growth. Although the unemployment rate of 6.2% is a consideration, the overall demographic and economic landscape of Knoxville, including its diverse industries and relatively low average commute time, suggests potential for long-term investment viability and growth.
Knoxville TN Real Estate & City Facts
Key facts and real estate information about Knoxville TN.
What are some of the best neighborhoods to live in Knoxville?
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Some of the best neighborhoods to live in Knoxville include Downtown Knoxville, Fourth & Gill, Old North Knoxville, Old City, and South Knoxville. Each neighborhood has its own unique character and advantages, such as proximity to downtown, parks, and restaurants. For example, Downtown Knoxville offers a vibrant atmosphere with many restaurants and bars, while Fourth & Gill is a charming neighborhood with historic homes and a strong sense of community.
What are some fun things to do in Knoxville?
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Knoxville has a wide range of fun things to do, including visiting the Sunsphere, Zoo Knoxville, and the Tennessee Theatre. You can also explore the city's many parks and green spaces, such as Market Square and Ijams Nature Center. If you're interested in history, you can visit the Historic Homes of Knoxville or the Women's Basketball Hall of Fame. Additionally, the city has a thriving arts and culture scene, with numerous galleries and museums to explore.
What is the food scene like in Knoxville?
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Knoxville's food scene is vibrant and diverse, with a range of restaurants serving everything from traditional Southern cuisine to international flavors. Some popular restaurants include A Dopo Pizza, Kaizen, and Myrtle's Bakehouse. You can also find great Mexican food at La Herradura or Chivo, and delicious falafel at Yassin's Falafel House. There are also plenty of great food trucks and cafes to try, such as Matt Robb's Biscuits and Balter Beerworks.
What are the pros and cons of living in Knoxville?
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Knoxville has many pros, including its natural beauty, with the Great Smoky Mountains National Park just a short drive away. The city also has a low cost of living and a thriving arts and culture scene. However, some cons include traffic congestion and limited job opportunities in certain industries. Additionally, the city's poverty rate is higher than the national average, and some neighborhoods struggle with crime and safety issues. Overall, Knoxville is a great place to live for those who value a relaxed pace of life and a strong sense of community.
Is Knoxville a good place to live?
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Knoxville can be a great place to live, depending on your individual preferences and priorities. The city offers a unique blend of natural beauty, cultural attractions, and small-town charm, making it an attractive option for those who value a relaxed pace of life and a strong sense of community. However, it's worth considering the potential drawbacks, such as limited job opportunities and poverty rates. Ultimately, whether Knoxville is a good place to live depends on your individual circumstances and what you're looking for in a city.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Knoxville TN Commercial Property: $33,595
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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