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    Property profile & analytics

    1120 Dry Gap Pike Knoxville, TN 37918-9756

    • Assisted living facilities
    • 25,302 SF
    • 15.67 lot acres
    OFF-MARKET
    Value Estimation
    $1,295,000
    Last Sale
    Jun 12, 2020
    $1,200,000
    Location Intelligence
    Property ID
    US80-0150361
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sacred Ground Hospice House / Hospice

    Property Details for 1120 Dry Gap Pike

    Year built
    2003
    Construction
    FRAME
    Lot size
    15.67 lot acres
    Property size
    25,302 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    057 12514
    APU
    5712514

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,240,000
      6.5%
      $1,215,000
      7%
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,140,000
      Geo Method
      $1,160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,270,000
      Retail
      $1,285,000
      Mixed-Use
      $1,070,000
      Hospitality
      $1,135,000
      Educational
      $1,240,000
      Residential Income
      $1,000,000
      Energy
      $1,285,000
      Income-Based Land
      $1,145,000
      Food Service
      $1,255,000

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9677
    Latitude
    36.0355
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $136,400
    $3,876,700
    $4,013,100

    Comparable in this City

    • Value Estimation by Request
      36,512 SF

      5405 Colonial Cir

      HOMES (RETIRED, NURSING) • 36,512 SF
      5405 Colonial Cir, Knoxville, TN 37918-3230
      View Details
    • Value Estimation by Request
      11,178 SF

      144 Felix Rd

      HOMES (RETIRED, NURSING) • 11,178 SF
      144 Felix Rd, Knoxville, TN 37918-1978
      View Details
    • Value Estimation
      $550,000
      5,273 SF

      3105 Essary Dr

      HOMES (RETIRED, NURSING) • 5,273 SF
      3105 Essary Dr, Knoxville, TN 37918-2409
      View Details
    • Value Estimation by Request
      31,241 SF

      3030 Holbrook Dr

      HOMES (RETIRED, NURSING) • 31,241 SF
      3030 Holbrook Dr, Knoxville, TN 37918-3267
      View Details
    • Value Estimation by Request
      4,075 SF

      220 Templeton Rd

      HOMES (RETIRED, NURSING) • 4,075 SF
      220 Templeton Rd, Knoxville, TN 37918-4132
      View Details
    • Value Estimation by Request
      3,938 SF

      2937 Essary Dr

      DENTAL BUILDING • 3,938 SF
      2937 Essary Dr, Knoxville, TN 37918-2465
      View Details

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    Similar Nearby for Lease

    • $13,000 /Mo
      20,000 SF

      Renovated Office Space Available

      Recently renovated office space with multiple rooms and amenities.
      7130-7130 Regal Ln, Knoxville, TN 37918
      View Details
    • $15 SF/Yr
      2,000 SF

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      2,000 SF space suitable for retail or office use.
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      View Details
    • $3,000 /Mo
      1,500 SF

      Office Space Available For Rent

      Office space available for lease in Knoxville, Tennessee.
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      View Details
    • $25 SF/Yr
      1,844 SF

      Prime Retail Space on Broadway

      Highly visible retail space in a high-traffic location.
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      View Details
    • Contact for pricing
      2,300 SF

      Retail Space For Lease

      Retail space available for lease in Halls Crossroads.
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      View Details
    • $6 SF/Yr
      23,300 SF

      North Knoxville Warehouse with Office

      23,300 SF warehouse with office space for lease.
      2415 Dutch Valley Dr, Knoxville, TN 37918
      View Details
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    Knoxville, TN 37918-9756
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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