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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Residential income homes
101 Elmhurst Dr Oak Ridge, TN 37830-7685
Entity Owned
7-yr Hold
Property ID
US80-2407227
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,370 SF
Lot
12.7 ac (553,212 SF)
Zoning code
R3
APN
001100F A 00100
UPID
US80-2407227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tara Hills Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.04M
Owner & transaction history
Tara Hills Lennox LLC · 7 yrs held
Tara Hills Lennox LLC
since 2019
3 recorded transactions
Zoning & alternative use
R3 · Oak Ridge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance PDF
Top alternative use upside
Commercial (general)
$1.7M
+99.1%
Restaurant
$1.4M
+59.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oak Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Ridge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$845,000
Current use
COMMERCIAL (GENERAL)
$1,685,000
Change: +99% · Conversion: Moderate
RESTAURANT
$1,355,000
Change: +60% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$720,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$4,170,040
Assessed 2023
Previous assessed
$4,170,040
+0.0% YoY
Assessed land
$156,480
Assessed improvement
$4,013,560
Land market value
$391,200
Improvement market value
$10,033,900
Total market value
$10,425,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
10
Stories
1
Units
1
Rooms
9
Bathrooms
223
Total area
22,370 SF
Lot
12.7 ac (553,212 SF)
Zoning code
R3
APN
001100F A 00100
UPID
US80-2407227
Jurisdiction
ANDERSON
Zoning & alternative use
R3 · Oak Ridge, TNZoning R3 · permitted uses
R3 · Oak Ridge, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance PDF
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Units
1
Rooms
9
Bathrooms
223
Lot
12.7 ac
Current owner
From public records · entity-resolved
Tara Hills Lennox LLC
Entity
Mailing address
257 W MAIN AVE, GASTONIA, NC 28052-4140
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2019
—
Tara Hills Lennox LLC
Tara Hills LLC
Quit Claim Deed
related
—
May 29, 2015
—
Tara Hills LLC
Eea-tara Hills LLC
Quit Claim Deed
related
—
May 29, 2015
$9,000,000
Tara Hills LLC
Eea-tara Hills LLC
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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