53 questions to ask before hiring a commercial real estate practicioner

Start Here

If you’ve never hired an agent to market your commercial real estate property the process can be daunting and many folks don’t know where to start.

There are tons of commercial practitioners, most are great and some….not so much.

How do you find the right person to help you sell your property?

After spending over 11 years in the commercial real estate business, I’ve had a chance to hire and refer business to over 37 brokers outside of the Knoxville, TN market for clients.

I’ve compiled the following checklist and interview questions to help you find the right agent for your project with minimal fuss.

Step one – private investigator

  • Ask your friends that have recently sold property if they have any recommendations.
    • Friends that are in these fields are great resources: accountants, appraisers, architects, real estate attorneys, commercial bankers, general contractors*, developers*, real estate investors* and economic development officials.
      • *these folks could be potential buyers but I would highly recommend hiring a broker and putting your property on the market so you can get the highest dollar.
  • Search LoopNet for similar properties to find brokers that are active in your market
    • Search criteria
      • Sale or Lease
      • Geography: By county (or larger geography depending on property type)
      • Building size: +/- 30% range of your property
  • Things to consider:
    • What brokers are listing the most property by similar property type and size range?
    • How many properties do they have listed?
    • Do their listings have good photos and complete information?
      • Does it look like they are still taking photos with a flip phone? – awful photos are completely unacceptable.
    • Do you think the properties are being marketed professionally?
  • Trust but verify – take your top picks and do a little sleuthing:
    • Google the agent’s name
    • This should bring up these websites:
    • Things to consider:
      • Is the agents profile complete?
      • Are they a Realtor?
      • Are they licensed?
      • Are they active members of a professional organization(s)? – CCIM, SIOR, ICSC, etc.
      • Do they communicate well online? – a lot of communicating happens via email and text.
      • Are you friends with any of their friends? – call your friends and ask what they think about the agent.
      • Does it appear that they are doing this part time or full time?

Step two – communication challenge

  • Test how they respond to inquiries:
    • Call or send a request for information on one of their listings via LoopNet or local commercial multiple listing service and see how quickly they respond. The agent should get back to you by the close of business or within 24 hours, max.
  • Setting up the interview:
    • Assuming all agents responded promptly, ask the agent to set the appointment.
      • This is another opportunity to see how well and timely the agent communicates.
    • Things to consider:
      • Did the agent send a pre-listing package?
      • Did they do a good job learning more about your project? (aka pre-qualifying)
      • Was the scheduling process clear and easy?
      • Did the agent show up on time?
      • Do they appear professional?
        • Notice their car, shoes and dress.
      • Did they come prepared?

Step three – the interview

  • Getting to know the agent:
    • How did you get started?
    • How many years have you been in the real estate business?
    • What were you doing before going in to commercial real estate?
    • What do you do for fun?
    • How are you involved in our community? (Church, volunteer, sports, etc.)
    • How do you network with: other brokers, developers, investors, chamber staff, economic developers, elected officials, planning commission, etc.
    • What professional organizations do you belong to?
    • Do you have a product and/or geographic specialty?
    • What percentage of your deals are commercial?
    • What is the average number of projects you have listed?
    • What is the average number of buyer rep projects you typically work at any given time?
    • What trade magazines or emails do you subscribe to?
    • Do you attend any national trade shows?
    • What continuing education classes have you recently completed?
    • How would your colleagues describe you?
    • How would you clients describe you?
    • Who were your two worst customers/projects? Why?
    • What did you like the most about your last transaction? Least?
    • When you think of salesperson, what words come to mind?
  • Marketing:
    • Could I see marketing material for a similar project?
    • Do you pay for upgraded listings?
    • What websites would you use to advertise my property?
    • Would you have professional photos taken of my property? Aerials? Video?
    • How would you market this property?
    • Do you share fees with other brokers?
    • What databases do you use to find and keep track of leasing and sales transactions?
    • What databases do you use to find occupiers and buyers?
    • Are you a paying member of Costar?
  • Communication:
    • How would you keep me up to date?
    • How often?
    • Who would be my primary point of contact?
    • What do you do when we haven’t had much interest in this project?
  • Process:
    • Describe the process for selling my property?
    • How do you organize the process of taking this project through to closing?
    • How do you manage your projects on a daily basis?
    • How many projects are you currently working on?
    • How long would the exclusive agreement be?
    • How do you get paid?
    • What would the commission be for my property?
      • How is this calculated?
    • When do you get paid?
  • My property:
    • Why are you interested in this project?
    • Why are you qualified to help me with this project?
    • Have you worked on a project like this before?
    • What’s good about my property? Challenges?
    • If you were the buyer, what would you want changed about my property?
    • What do you think this projects needs to be successful?
    • How does my property stack up against the competition?
    • How should we price the property?
      • What price range do you believe my property would sell for?
    • What is the percentage difference between asking price and a done deal in the market?
    • How long will it take to sell my property?
    • What do I need to do to get my property to sell for the highest amount in the least amount of time?
    • What vendors would you recommend to fix/enhance: __________?
  • Wrapping up the meeting:
    • After all these questions are you still interested in working with us?
    • What’s the next step?

All of my checklists are a work in progress. I would appreciate any feedback in the comments below.

If you’d like to learn more about interviewing here are some great resources:

Another Site on Bearden Hill Sells

Kingston Pike_6508_Barr

6508 Kingston Pike
Knoxville, TN 37919
Submarket: Bearden/Papermill/West Town

Kingston Pike_6508_Barr(2)

+/- 10,964  square foot building
Land Area (SF): 20,083 SF
Land Area (AC): 0.46 AC

Frontage: 120′ on Kingston Pike
Traffic Count:  AADT
Parking spots: approx. 10

Sale Price: $530,000
Sale Type: Investment
Price/SF: $48.34/SF
Price/Land SF: $26.39/SF

Recorded Buyer: Peoples Development Co. Inc.
Recorded Seller: Jean Barr
Buyer Broker: Tony Cappiello | Cappiello Real Estate
Seller Broker: Scott Smith | Volunteer Realty
Occupancy at time of sale: 0%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Former Old City costume shop may be razed in favor of new development
The building that housed Big Don the Costumier, once an Old City mainstay and go-to for Halloween and masquerade apparel, may soon come down with a little incentive from the city.    Read More

Roundup of new restaurant offerings
More food options are coming to the 400 block of Gay Street, with Archer’s BBQ announcing it will complete the tenant mix in the J.C. Penney building.    Read More

Del Taco to open 10 restaurants in the area
The Del Taco Mexican quick-service restaurant brand announced today it plans to open 10 locations in the Knoxville area by 2021.    Read More

Blackhorse brewery seeks to expand
Blackhorse Pub & Brewery just marked its second anniversary at Western Plaza, but is already dealing with growing pains that have the owners mulling the possibility of a move.
Read More

Commercial Property Continues to Sell on Kingston Pike

Kingston Pike_10800_Saplings

10800 Kingston Pike
Knoxville, TN 37934
Submarket: Campbell Station/Farragut

+/- 2,324 square foot building
Land Area (SF): 65,340 SF
Land Area (AC): 1.5 AC

Frontage: 230′ on Kingston Pike
Traffic Count: 33,010 AADT
Use: Garden Center

Sale Price: $1,250,000
Sale Type: Investment
Price/SF: $537.87/SF
Price/Land SF: $19.13/SF

Recorded Buyer: Mohinder Sud, trustee & Maharaj Trust
Recorded Seller: Shuler Investments LLC
Buyer Broker: None
Seller Broker: Roger M. Moore, Jr. | Sperry Van Ness/R.M. Moore, LLC
Closing Date: July 2, 2015
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Urban Land Institute | Oakwood tour set for July 21
An ambitious redevelopment project in North Knoxville will be open for tours on Tuesday evening. The Urban Land Institute is hosting a project tour of Oakwood Senior Living, at 232 E. Churchwell Avenue, from 5 to 7 p.m.   Read More

As downtown grows, support organizations shift efforts
After their youngest daughter moved out of the house two years ago, Robin Thomas and her husband, Chris Crouch, decided they wanted to move from Memphis to a city with a vibrant downtown. Knoxville wasn’t on the list.   Read More

Jeffrey Nash plans office project on Sixth Ave.
A former industrial building near the Standard Knitting Mill has been purchased by developer Jeffrey Nash. The Courtland Group paid $285,000 for the property at 1132 N. Sixth Avenue, according to a deed filed with Knox County.   Read More

‘Serious’ interest shown in developing Andrew Johnson Building
By the time developers are done with the Andrew Johnson Building, Liberace, Betty Grable and Hank Williams Sr. wouldn’t even recognize it. From upscale apartments to a boutique hotel with more than 200 rooms and a spa, seven developers have shared their ideas of what they would do with the now 85-year-old, 18-story former luxury hotel.
Read More

New grocer to locate its second store in Oak Ridge
A new grocery store is opening soon in east Oak Ridge, and it’s only the second one of its type in the nation. Hank’s Grocery is setting up shop in the former Food Lion space in Briarcliff Square off Emory Valley Road, and the grand opening is Aug. 25. Food Lion closed that location last year as part of a reorganization.   Read More

Hibachi Grill on Kingston Pike Sold

9645 Kingston Pike_Hibachi

9645 Kingston Pike
Knoxville, TN 37922
Submarket: Pellissippi/Lovell

9645 Kingston Pike_Hibachi(2)

+/-  8,220 square foot building
Land Area (SF): 100,188 SF
Land Area (AC): 2.30 AC

Frontage: 115′ on Kingston Pike
Traffic Count: 27,306 AADT
Parking spots: approx. 180
Use: Restaurant

Sale Price: $1,900,000
Sale Type: Investment
Price/SF: $231.14/SF
Price/Land SF: $18.96/SF

Recorded Buyer: W. Landing LLC & Rosebud Inc.
Recorded Seller: A. and M. Enterprises Inc.
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Vine Avenue Rowhouses Downtown to Break Ground in October
It’s a point of continual discussion among downtown residents and would-be residents: There are not enough homes on the market in the downtown area.    Read More

Doc’s All American Grille under new ownership
After two years, Doc’s All American Grille is under new ownership and plans call for the West Knoxville restaurant and bar to reopen as a new concept.    Read More

‘Enough is enough’: Delays enrage stranded Jackson Square merchants
A dozen merchants stranded behind fences during a major upgrade of a historic square in Oak Ridge were at first patient and a bit upbeat last month when the work’s wrap-up seemed in sight.    Read More

UT adds $10 million to funds for student union
The University of Tennessee’s largest single construction project just became more expensive. The $167 million UT Student Union will now cost $177 million.    Read More

Homes on the lake offer peaceful living, and looks from TVA
You never have to worry about watering your lawn when your front yard already is a lake. No need for a lawn mower, hedge trimmers or any of that when you have a houseboat or a floating home. You can invite the neighbors over for a cookout and watch the fish go by.    Read More

Former Cici’s Pizza Building on Kingston Pike Sold

Kingston Pike_8414_Cici's Pizza

8414 Kingston Pike
Knoxville, TN 37919
Submarket: Cedar Bluff/Walker Springs

Cici's Pizza bldg

+/-  4,610 square foot building
Land Area (SF): 42,207 SF
Land Area (AC): 0.97 AC

Frontage: 175′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: approx. 76
Use: Restaurant

Sale Price: $1,475,000
Sale Type: Investment
Price/SF: $319.96/SF
Price/Land SF: $34.95/SF
Sale Date: May 19, 2015
Recorded Buyer: Raj Baljepally & Gayathri Baljepally
Recorded Seller: John Turley
Buyer Broker: Unknown
Seller Broker: First Commercial Real Estate
Occupancy at time of sale: 0%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

UT’s record $1B building plan transforming campus
Massive construction cranes and steel frames dot the University of Tennessee landscape as a record $1 billion makeover is transforming the look and feel of its campus.
Read More

Downtown Knoxville church relocating after 100 years
A downtown Knoxville church celebrated its 100th anniversary at its building at Fifth Avenue and Gay Street. It was a bittersweet service though, as it was one of their last. First Christian Church sold the building to Dewhirst Properties a few months ago. Rev. Tyler Thompson said finances were part of that decision.    Read More

Reruns Boutique Announces Its Closure
Founded twenty-nine years ago, the business has essentially moved up and down Union Avenue, starting on the 400 block in the now-missing Sprankle Building, through the corner spot at Union and Market Square and, starting in 2010, in the Daylight Building. It’s interesting to consider that she started in a building doomed for demolition and ended in one that could easily have suffered the same fate, but instead has be brought back to life.
Read More

First Watch Restaurants acquires The Egg & I
First Watch Restaurants Inc. has acquired The Egg & I Restaurants, the company said Wednesday, in a deal that merges the two largest chains in the burgeoning breakfast-and-lunch segment.    Read More

Jimmy John’s preparing IPO
Jimmy John’s Gourmet Sandwiches is preparing for an initial public offering, in a deal that would bring one of the fastest-growing, large-scale restaurant chains to the public markets. The deal would value Jimmy John’s at more than $2 billion, including debt, according to Reuters.   Read More

Shell Station on Cumberland Avenue Sells


2001 Cumberland Ave
Knoxville, TN 37916
Submarket: Downtown


+/-  2,534 square foot building
Land Area (SF): 29,127 SF
Land Area (AC): 0.67 AC

Frontage: 191′ on Cumberland Ave
Traffic Count: 18,825 AADT
Parking spots: approx. 26
Use: Shell Service Station

Sale Price: $2,250,000
Sale Type: Investment
Price/SF: $887.92/SF
Price/Land SF: $77.25/SF
Sale Date: May 7, 2015
Recorded Buyer: Boghani Properties LLC
Recorded Seller: Rocky Top Properties LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Historic Christenberry home torn down
The second story of a century-old craftsman home fell into the first Tuesday afternoon, sending a plume of dust into the air.   Read More

San Francisco-based Vendini opens Knoxville office
A $1 billion Silicon Valley company that provides ticketing services for live events opened a Knoxville office on Tuesday as it looks to expand its festival business.   Read More

Outdoor rock climbing area opens at Ijams Nature Center
Benjy Darnell was mountain biking in Knoxville’s Urban Wilderness a few winters ago when an abandoned marble quarry caught his eye.    Read More

Battle At the Top: What a Merged Cushman/DTZ Holds in Store for Global CRE Services
The news this week that DTZ will buy Cushman & Wakefield from Exor S.p.A. in a deal valued at $2.04 billion has produced a flurry of analyst speculation over how the combination will affect the global balance among the top CRE services firms in the world.
Read More

Southeast Cinemas to open 14-screen theater in Sevier County
Charlotte, N.C.-based theater company Southeast Cinemas is building a multimillion dollar, 14-screen movie complex just off the Parkway in Sevierville.    Read More

Rezoning request postponed for Farragut apartments
The developer who seeks to build a $37 million upscale apartment complex in Farragut is postponing a request to change the property’s zoning.    Read More

Moonshine tourism creates positive impact, challenges for city
In a sleepy little town known for handmade candles, wood-carved signs and airbrushed T-shirts, will the next big souvenirs be a Mason jar and an “I got trashed in Gatlinburg” shirt? With four moonshine distilleries now open in the tourist-dependent town, will pedestrian-friendly sidewalks be filled with people staggering from one “free tasting” to the next?
Read More

NAI Knoxville Sells Two Tenant Retail Investment Property in Turkey Creek



11139 Turkey Drive


11139 Turkey Drive
Knoxville, TN 37934
Submarket: Campbell Station/Farragut

+/-  10,500 square foot building
Land Area (SF): 42,247 SF
Land Area (AC): 0.97 AC

Frontage: 138′ on Turkey Drive; 133′ from I-40/I-75
Traffic Count: 19,809 AADT on Parkside Dr in Turkey Creek; 112,256 AADT on I-40/I-75
Parking spots: approx. 24
Use: Retail

Sale Price: $1,500,000
Sale Type: Investment
Price/SF: $142.86/SF
Price/Land SF: $35.51/SF
Price/Land AC: $1,546,391.75/AC
Sale Date: April 24, 2015
Recorded Buyer: Cherebshaw LLC
Recorded Seller: William & Marjorie Jones
Buyer Broker: Cushman & Wakefield | Long Island – David Madigan
Seller Broker: NAI Knoxville – Brian Tapp
Occupancy at time of sale: 100%

Tenants: All American Mattress & Iron Tribe Fitness

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

K-Town Swing Puts a Spring in Downtown’s Step
It turns out that swing dancing originated in Harlem in the 1920’s. Other variations include Balboa, Lindy Hop and Charleston.  The Carolina Shag is a variant of the Lindy Hop and the music and dance evolved together as it spread across the country.   Read More

Ellen Turner Dies at 87; Opened Kitchen to Feed the Needy of Knoxville
Ellen Turner, who with her twin sister founded the Love Kitchen, which feeds several hundred people a week and drew national attention, died here on Wednesday. She was 87.   Read More

Outlet Malls Move Closer to Cities in Upending of Rules
The Fashion Outlets of Chicago mall offers a glimpse into the anything-goes future of the retail industry.   Read More

Americans’ Spending on Dining Out Just Overtook Grocery Sales for the First Time Ever
Pass the menu, hold the shopping cart. Grocery stores are finding it harder to make headway with shoppers as a surge in spending at restaurants over the past several months signals Americans are more likely to ditch the brown bags in favor of doggy bags. Read More

University of Tennessee renovating 90-year-old industrial site
A former industrial site on Sutherland Avenue is getting new life as a University of Tennessee support services building.   Read More

Dollywood is still young and fun at 30
Thirty tourist seasons ago as the theme park Silver Dollar City transformed into Dollywood, now-longtime employee Charley Reynolds thinks folks came expecting to see Dolly Parton.   Read More

Kingston Pike Sale Comp – Bearden Hill




6700 Kingston Pike
Knoxville, TN 37919
Submarket: Papermill/Bearden/West Town

+/-   2,576 square foot building
Land Area (SF): 16,191 SF
Land Area (AC): 0.37 AC

Frontage: 145′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: approx. 12
Use: Oil Change Service Station

Sale Price: $667,627
Sale Type: Investment
Price/SF: $259.17/SF
Price/Land SF: $41.23/SF
Price/Land AC: $1,804,397.30/AC
Sale Date: March 9, 2015
Recorded Buyer: Ashland Inc
Recorded Seller: Four Ten Investments LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Diocese breaks ground for new cathedral
While the rain kept many inside Sunday, some people braved the weather for a higher calling. The groundbreaking ceremony for a new, nearly $30 million cathedral for the Roman Catholic Diocese of Knoxville was attended by a few hundred Knoxville-area residents and community leaders.    Read More

Wilson Fine Gardens expands into retail
Sometimes it’s worth a trip off the main road.
That’s where Greg Wilson said he found the perfect place to expand his landscaping and horticultural services business to include a boutique retail shop and garden center.
Read More

A Bowling Alley on Gay Street? Yes! Maple Hall Coming Soon
You’ve heard the rumors about a bowling alley. I sat down with the owners of the business to get the facts about the new business. They aren’t the most likely friends to open the first downtown bowling alley in Knoxville’s history.    Read More

Auto-related jobs boosting pay of ET workers
Automotive manufacturing is not the dirty job it used to be, says Randy Boyd, the longtime Knoxville business executive who’s now Tennessee’s commissioner of economic and community development.    Read More

Introducing “Shedquarters”: The Hot New Trend Home-Based Business Owners Are Drooling Over
Space-efficient work spaces are becoming all the rage these days. They’re great for maintaining privacy and uninterrupted workflow, and they can also be cozy and stylish as well. Here are some examples of a growing trend of miniature studios (for offices and living structures), that are small enough to fit in someone’s back yard.    Read More

In NYC, debate over saving small shops amid chains’ rise
Looking for a “Seinfeld”-style coffee shop? It’s sharing the city with 280 Starbucks and more than 530 Dunkin Donuts. A good neighborhood deli? It’s competing with some 460 Subways. And the corner store may well now be a Chase bank or Walgreens.
Read More


Cedar Bluff Sale Comp

Kingston Corner

9159 Kingston Pike
Knoxville, TN 37923
Submarket: Cedar Bluff/Walker Springs

+/-  11,655 square foot building
Land Area (SF): 54,450 SF
Land Area (AC): 1.25 AC

Frontage: 170′ on N Cedar Bluff Rd
Traffic Count: 19,243 AADT
Parking spots: approx. 75
Use: Shopping Center Retail

Sale Price: $3,850,000
Sale Type: Investment
Price/SF: $330.33/SF
Price/Land SF: $70.71/SF
Price/Land AC: $3,080,000/AC
Sale Date: March 30, 2015
Recorded Buyer: Volunteer Studios Plus Partners, VS LLC, Fort Sanders Partners, Fort Sanders GP and Hembree Partners
Recorded Seller: Horne – Cedar Bluff LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: Unknown

Tenants: Tom & Chee, GEICO, Essential Nail & Spa, and LaRosa’s Family Pizzeria

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Painting With a Twist: New Business Comes to the Arts District
121 S. Gay Street will soon be the home to Downtown Central Painting with a Twist.
Read More

Blessings abound after fire guts Saint George sanctuary
The Rev. Anthony Stratis recognized his congregation’s many blessings amid the rubble of a major fire that gutted the sanctuary of Saint George Orthodox Greek Church early Sunday, hours ahead of the parish’s planned Orthodox Easter services.    Read More

ULI to host tour of $56M research building at Cherokee Farm
If you’ve driven south from downtown Knoxville on Alcoa Highway, you’ve seen the University of Tennessee’s Cherokee Farm campus taking shape. This week, the Urban Land Institute will host a tour of the Joint Institute for Advanced Materials, a $56 million, 140,000-square foot research facility on the campus.    Read More

Interest Rate Hikes Likely in June
The Federal Reserve is signaling that it will likely take action on increasing interest rates in two months, despite recent data that shows a weakened economy. This would be the first rate increase since 2006.   Read More

Uber Mixes In a Softer Approach in New Delhi
Uber Technologies Inc. is fighting a multifront war here in the capital of India, one of the company’s most important and fastest-growing overseas markets.    Read More

A Look at the Tax Year 2015
The 2014 tax season is nearing its end and many taxpayers have already pocketed their refund checks. The Internal Revenue Service says it has processed more than 96 million federal income tax returns so far this year, through April 3. The IRS has issued more than 77 million refunds, with an average refund amount of $2,815.    Read More

Blackstone’s Deal With G.E. Highlights Its Real Estate Holdings
As Blackstone’s top executives fan out across the globe, pitching their services at elite gatherings of investors, they invariably tell the crowd: Hope you guys like this hotel, because we own it.    Read More

Industrial Land at Premium as Users’ Needs Shift
Demand for e-commerce fulfillment centers and new manufacturing facilities has shifted industrial space requirements from large properties to mid-sized buildings, already in short supply following the recession. The shift is contributing to higher prices for infill land parcels.    Read More

Commercial property values up 11% in March from 2014
Commercial property values last month rose 11% year over year, according to Green Street Advisors. Values are up 87% from the low point in 2009 and up 14% from the last high point in 2007.    Read More

Chapman Highway Sale Comp


4011/4201 Chapman Highway
Knoxville, TN 37920
Submarket: South Knoxville

+/-   27,602 square foot building(s)
Land Area (SF): 87,077 SF
Land Area (AC):  1.99 AC

Frontage: 336′ on Chapman Highway
Traffic Count:  27,768 AADT
Parking spots: Unknown
Use: Retail/Office

Sale Price: $1,950,000
Sale Type: Investment
Price/SF: $70.65/SF
Price/Land SF: $22.39/SF
Price/Land AC: $979,899.50/AC
Sale Date: March 27, 2015
Recorded Buyer: Dale Cassidy
Recorded Seller: Broadway Investment Co. LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: Unknown

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Cumberland Avenue traffic reduced to two lanes
Traffic was shifted Monday to the south side of the Strip for eight weeks as the Cumberland Avenue Corridor Project began.   Read More

Jackson Terminal Building Renovations Underway
Never formally named, the loading docks at 123 W. Jackson have now been named the Jackson Terminal.   Read More

Utility work set for Island Home Avenue project
Utility work along Island Home Avenue could start as early as next week as Knoxville prepares for road improvements and a new 134-unit apartment building being constructed on the waterfront.   Read More

Simon Property Withdraws $16.8 Billion Offer for Macerich
Simon Property Group Inc. withdrew a $16.8 billion proposal to acquire Macerich Co. after the smaller mall owner rejected the sweetened takeover offer as too low.   Read More

Cheers! Cookie dough shots finding a following
They may never replace Jell-O shots, whiskey shots or espresso shots. But the cookie dough shots at the Roasting Plant coffee shop in downtown Detroit are a hit with customers.   Read More

UT, Strip merchants reach ‘Dining Dollars’ agreement
A new agreement will allow University of Tennessee students and staff to use their VolCard at businesses along the Cumberland Avenue Strip as soon as this summer.
Read More