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Property profile & analytics
OFF-MARKET
Estimated value
$6,890,000
Manufacturing properties
10421 Lexington Dr Knoxville, TN 37932-3579
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1442923
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
LIGHT FRAME
Total area
59,325 SF
Lot
4.53 ac (197,327 SF)
APN
131BA00202
UPID
US80-1442923
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
-
Home Inspection Headquarters Home Inspector
-
Industrial Electronics, Inc Electronics & Wireless Store
-
Insta Dri Mold Remediation Hardware & Home Improvement Construction Company
-
ProStacked (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.89M
Owner & transaction history
Prt Properties · 3 yrs held
Prt Properties
since 2022
Last sale
$7.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.4M
+180.8%
Auto repair, garage
$9.5M
+133.1%
Retail stores
$7.9M
+94.7%
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 Knoxville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knoxville 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
$7,025,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,635,000
6.5%
$6,125,000
7%
$5,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,425,000
Change: +181% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,485,000
Change: +133% · Conversion: Easy
RETAIL STORES
$7,925,000
Change: +95% · Conversion: Moderate
Blend value · Realmo final
$6.89M
Range $6.20M – $7.58M · ±10% · vs last sale $7.20M (Dec 30 2022)
Last sale anchor
$7.20M
Dec 30 2022
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
$116 / 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
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,492
Tax year 2024
Assessed value
$675,160
Assessed 2024
Previous assessed
$675,200
0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$484,700
Improvement market value
$1,203,200
Total market value
$1,687,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Construction
LIGHT FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
59,325 SF
Lot
4.53 ac (197,327 SF)
APN
131BA00202
UPID
US80-1442923
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1972
Construction
LIGHT FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.53 ac
Current owner
From public records · entity-resolved
Prt Properties
Entity
Mailing address
10334 COGDILL RD, KNOXVILLE, TN 37932-3305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Dec 30, 2022
$7,200,000
Prt Properties
R F Saraceni
Warranty Deed
$6,480,000 · R Saraceni
Mar 2, 2001
$1,100,000
R F Saraceni
Bankfirst
Grant Deed
$250,000 · Suntrust Bank NA
Feb 23, 2001
$1,500,000
Bankfirst
Knox Trim INC
Trustees Deed
—
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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