CLOSE
( E-Mail, User ID, or Auctioneer ID )
(Uncheck if using a shared computer)

Auctions in your inbox!

Get notified about the latest local and online auctions.

We value your privacy! Click here to read our policies.


Auction Highlights Home  > Knox County Property Auction

 Knox County Property Auction  

Click photo to Enlarge

Item Description
Knox County Natural Resources Recovery Site Auction Selling by Order of Knox County 8706 Joe Daniels Road (Knoxville, TN) Off Oak Ridge Highway 159 Acres Knox County Natural Resources Recovery Site Approx. 300 Foot of Road Frontage on Joe Daniels with Depth Up To 4850' (Road Into Property) Tax Map 076 Parcel Id 009 and 009.01, Tax Map 089 Parel Id 193 Property Is Currently Leased by Natural Resources Recovery and a Portion is Used by Big Foot Mountain Bike Park.   Site Description The subject contains 2 separate parcels. The property is located at 8706 and 8707 Joe Daniels Road in Knoxville, Knox  County, Tennessee. The Irregular shaped property contains 300+/- feet in frontage along Joe Daniels Road and Depths up to 4850+/-‘. The property is in the name of Knox County. The property is further identified as Tax Map 076, Parcel 009 and Tax Map 089, Parcel 193 at the Knox County Tax Assessor’s Office. The subject property is currently leased by Natural Resources Recovery.Lease expires July 31 2011.   Access Access to the subject property is along Joe Daniels Road which is off of Oak Ridge Hwy. Joe Daniels Road in a 2 lane paved county Road.   Utilities The utilities available to the subject include water, electricity, telephone, gas and sewer.   Flood Map Information The subject property is along appears on FEMA Flood Map 47093C0231F dated 05-02-07. According to the map, the subject is not located in the flood zone.   Zoning The subject is currently zoned A for agricultural uses. The current use complies with the zoning. (Agricultural Zone Knox County Article 5.22.02: “Q. Composting facility, consistent with the requirements of Sections 4.10.11 through 4.10.16, 4.95, and 6.50, of these regulations”…in the Supplementary Regulations sections – similar to  commercial and industrial uses)   Real Estate Taxes The subject is not currently appraised for tax purposes as it is owned by the county. The 2010 Knox County tax rate is $2.36 per $100  of assessed valuation. The assessment for residential and farm uses is 25% of the appraised value; and for commercial and industrial uses, it is 40%. Using the appraised value from our report of $510,000 for the industrial sire the indicated tax burden is estimated to be $4,814 ($510,000 x 40% x (42.36)/$100 = $4,814). The residential site of $687,000 x 25% x ($2.36)/$100 = $4,053). This indicates a total tax of $8,867 for the subject property. Improvements The subject property is improved with a 1153 Sq. Ft. office building, nine acre concrete pad, 2 retention ponds and various sheds. There are also several improvements on the property that are personal property owned by the tenant. This includes sheds, equipment and scales.   Office Building The office is log construction and contains 1 large office, open lobby area, kitchen and bathroom. The office building is of average quality and is in average condition. The office contains 1153 Sq. Ft. of finished area, 287 sq. ft. covered porch and 90 sq. ft. deck.   Concrete Pad There is a large concrete pad located on the property. The concrete pad covers approx. 9 acres. The concrete page is of average quality and of average condition.   Auctioneer License Information: 2385
Sale Details
Sold For: $2,000,000.00
On: Jul 13, 2011
City: Knoxville
State: TN
Seller Information
Auctioneer: Kenny Phillips
Company: Powell Auction & Realty LLC