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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Turn key restaurants
106 Central St Knoxville, TN 37902-1009
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3484924
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,553 SF
Lot
0.6 ac (26,136 SF)
APN
095HA009
UPID
US80-3484924
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
-
ATM Atm
-
Old City Sports Bar Bar & Pub
-
Southbound bar and Nightclub Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.55M
Owner & transaction history
Leighb & Friends LLC · 8 yrs held
Leighb & Friends LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±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
$145 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,455
Tax year 2023
Assessed value
$583,880
Assessed 2023
Previous assessed
$583,880
+0.0% YoY
Effective rate
2.48%
On assessed value
Land market value
$718,700
Improvement market value
$741,000
Total market value
$1,459,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Units
1
Total area
17,553 SF
Lot
0.6 ac (26,136 SF)
APN
095HA009
UPID
US80-3484924
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
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Leighb & Friends LLC
Entity
Free & Clear · 8 yrs held
Mailing address
122 S GAY STA, KNOXVILLE, TN 37902-1003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
—
Leighb And Friends LLC
—
Deed
related
$900,000 · First Century Bank
Jan 9, 2020
—
Leighb & Friends LLC
—
Deed
related
$900,000 · Firstbank
Nov 27, 2017
—
Leighb & Friends LLC
Second Coat LLC
Quit Claim Deed
related
—
Jul 27, 2017
—
Stockyard Lofts LLC
City Of Knoxville
Quit Claim Deed
related
—
Apr 27, 2017
—
Stockyard Lofts LLC
Second Coat LLC
Quit Claim Deed
related
$2,481,750 · Clayton Bk&tr
Jul 16, 2009
—
Second Coat LLC
—
Trustees Deed
related
$7,000 · Clayton Bank & Trust
May 14, 2003
$750,000
Second Coat LLC
Magnolia Provision Co
Grant Deed
$250,000 · Magnolia Provision Co
Dec 14, 1994
—
Co Magnolia Provisions
Unknown,
Grant Deed
related
—
—
—
Leighb & Friends LLC
—
Deed Of Trust
related
$900,000 · Firstbank
—
—
Second Coat LLC
—
Deed Of Trust
related
$100,000 · Clayton Bank & Trust
—
—
Second Coat LLC
—
Deed Of Trust
related
$352,375 · Clayton Bank & Trust
—
—
Second Coat LLC
—
Deed Of Trust
related
$352,375 · Clayton Bank & Trust
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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