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Property profile & analytics
OFF-MARKET
Estimated value
$7,735,000
Parking lots & garages
109 Callahan Dr, Knoxville, TN 37912-1338
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US80-1281969
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2002
Construction
LIGHT FRAME
Total area
23,691 SF
Lot
7.19 ac (313,196 SF)
APN
057 085
UPID
US80-1281969
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
-
Rusty Wallace Honda Car Dealership
-
Honda Service Center Auto Repair Shop
-
Rusty Wallace Honda Service Department Auto Repair Shop
-
Honda Parts Center Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$7.74M
Owner & transaction history
Huffaker-diamond Real Estate · 24 yrs held
Huffaker-diamond Real Estate
since 2002
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.9M
+124.1%
Medical building
$4.8M
+9.0%
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
Alternative Use
Use
Estimation
RESTAURANT
$9,875,000
Change: +124% · Conversion: Difficult
MEDICAL BUILDING
$4,800,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$7.74M
Range $6.96M – $8.51M · ±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
$326 / 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
$36,560
Tax year 2023
Assessed value
$1,696,040
Assessed 2023
Previous assessed
$1,696,040
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$1,030,500
Improvement market value
$3,209,600
Total market value
$4,240,100
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2002
Construction
LIGHT FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
23,691 SF
Lot
7.19 ac (313,196 SF)
APN
057 085
UPID
US80-1281969
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
RESTAURANT
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$4.8M
RESTAURANT
MEDICAL BUILDING
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
2002
Construction
LIGHT FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
7.19 ac
Current owner
From public records · entity-resolved
Huffaker-diamond Real Estate
Individual
Mailing address
PO BOX 26200, KNOXVILLE, TN 37912-9700
Ownership since
2002
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
Mar 7, 2002
—
Huffaker-diamond Real Estate
Huffaker,ray & Jane M
Quit Claim Deed
related
$2,000,000 · Home Federal Bank Tennessee
Jun 19, 1995
$75,000
Thomas J Leader
Unknown
Grant Deed
$64,900 · Advantage Mortgage Co
Dec 15, 1994
—
Alvin R Leamon
Ruble,dewey Neal
Grant 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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