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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Casinos
111 Jackson Ave Knoxville, TN 37915-1000
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-3405922
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1920
Construction
CONCRETE
Total area
21,892 SF
Lot
0.52 ac (22,721 SF)
APN
095HA026
UPID
US80-3405922
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
-
Shelton Group Advertising Agency Marketing & Advertising
-
Fiori Bar & Lounge Restaurant
-
Spring Strategies Advertising Agency Marketing & Advertising
-
ACF Jewelry (Bike/Boat/Book/etc) Store
-
Dollar and Ewers Architecture, Inc Architecture Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.28M
Owner & transaction history
Lyke Holdings Gp · 10 yrs held
Lyke Holdings Gp
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+36.6%
Neighborhood: shopping center
$4.2M
+29.8%
Auto repair, garage
$3.5M
+7.7%
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
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
CASINO
$3,250,000
Current use
MEDICAL BUILDING
$4,435,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,215,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,500,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$2,925,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±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
$150 / 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
$51,250
Tax year 2023
Assessed value
$1,271,840
Assessed 2023
Previous assessed
$1,271,840
+0.0% YoY
Effective rate
4.03%
On assessed value
Land market value
$626,800
Improvement market value
$2,552,800
Total market value
$3,179,600
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
YES
Stories
2
Units
1
Total area
21,892 SF
Lot
0.52 ac (22,721 SF)
APN
095HA026
UPID
US80-3405922
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
CASINO Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.9M
CASINO Current
MEDICAL BUILDING
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
1920
Construction
CONCRETE
Heating
YES
Stories
2
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Lyke Holdings Gp
Entity
Mailing address
1620 ROBERT C JACKSON DR, MARYVILLE, TN 37801-3704
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2015
—
Lyke Holdings Gp
Lyke,shawn D & Laura L
Quit Claim Deed
related
$1,479,902 · Branch Bk&tr
Nov 12, 2009
—
Shawn D Lyke
—
Trustees Deed
related
$781,700 · Mountain Commerce Bank
Oct 29, 2009
$313,000
Shawn D Lyke
Macdonald James S
Trustees Deed
related
—
Aug 25, 2009
—
Frank L Gardner
—
Deed Of Trust
related
$1,199,900 · William R K Kendrick
May 24, 2007
$600,000
Frank Gardner
William R Kendrick
Warranty Deed
$310,000 · American Trust Bank Of East Tenness
Feb 5, 2007
—
William K Kendrick
—
Trustees Deed
related
$250,000 · Regions Bank
—
—
Lyke Holdings Gp
—
Deed Of Trust
related
$1,460,000 · Pinnacle Bk
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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