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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Medical Office Space
112 Hotel Rd Knoxville, TN 37918-3224
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2028322
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,028 SF
Lot
0.07 ac (3,250 SF)
APN
058FF015
UPID
US80-2028322
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
-
Performance Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Performance Real Estate LLC · 4 yrs held
Performance Real Estate LLC
since 2022
Last sale
$545,000
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
$530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$585,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $545k (Jul 1 2022)
Last sale anchor
$545k
Jul 1 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
$183 / 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
$2,156
Tax year 2023
Assessed value
$100,040
Assessed 2023
Previous assessed
$100,040
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$49,300
Improvement market value
$200,800
Total market value
$250,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Units
1
Total area
3,028 SF
Lot
0.07 ac (3,250 SF)
APN
058FF015
UPID
US80-2028322
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
MEDICAL BUILDING Current
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$585,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Performance Real Estate LLC
Entity
Mailing address
112 HOTEL RD, KNOXVILLE, TN 37918-3224
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$545,000
Performance Real Estate LLC
William Kevin Bailey
Warranty Deed
$412,500 · Cogent Bank
Apr 11, 2019
—
William Kevin Bailey
—
Deed
related
$264,000 · First Tennessee Bank NA
Dec 16, 2014
—
William K Bailey
Bailey Kandi J P
Quit Claim Deed
—
Dec 26, 1997
$200,000
William Kevin Bailey
—
Grant Deed
related
—
Mar 12, 1996
$90,334
Todd G Birdwell
National,first L
Grant Deed
$206,800 · Regions Mortgage INC
Nov 21, 1995
$90,334
Bobby Bishop JR.
Bishop,bobby J
Grant Deed
related
—
Oct 14, 1988
$49,000
National First Lenders
Unknown,
Grant Deed
related
—
—
—
William K Bailey
—
Deed Of Trust
related
$157,000 · Citizens National Bank
—
—
William K Bailey
—
Deed Of Trust
related
$51,140 · Suntrust Bank NA
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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