Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Casinos
1120 Weisgarber Rd Knoxville, TN 37909-2685
Entity Owned
16-yr Hold
Free & Clear
Property ID
US80-0506900
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1987
Construction
LIGHT FRAME
Total area
26,328 SF
Lot
2.34 ac (101,930 SF)
APN
107IA022
UPID
US80-0506900
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
-
Dr. David H. Beals, MD Physician
-
Miller-Johnson Lee-Anna Medical Clinic
-
Stauber Christian MD Physician
-
Badara Mircea O MD Physician
-
Statecare Hospitalist Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.91M
Owner & transaction history
Franklin Foods INC · 16 yrs held
Franklin Foods INC
since 2010
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.3M
+36.6%
Neighborhood: shopping center
$5.1M
+29.8%
Auto repair, garage
$4.2M
+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
$3,905,000
Current use
MEDICAL BUILDING
$5,335,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,070,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,210,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$3,515,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$148 / 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
$56,293
Tax year 2023
Assessed value
$1,517,480
Assessed 2023
Previous assessed
$1,517,480
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$447,700
Improvement market value
$3,346,000
Total market value
$3,793,700
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
1987
Construction
LIGHT FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
26,328 SF
Lot
2.34 ac (101,930 SF)
APN
107IA022
UPID
US80-0506900
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
$3.9M
MEDICAL BUILDING
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.5M
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
1987
Construction
LIGHT FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Franklin Foods INC
Entity
Free & Clear · 16 yrs held
Mailing address
1016 E WEISGARBER RD, KNOXVILLE, TN 37909-2669
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2010
$4,000,000
Franklin Foods INC
Lht Knoxville Properties LLC
Grant Deed
—
Aug 8, 2001
—
Knoxville City (tn)
Lht Knoxville Properties LLC
Quit Claim Deed
related
—
Jan 18, 1995
$3,200,000
INC Health Dynamics
Unknown,
Grant Deed
$3,200,000 · St Marys Medical Cneter INC
Oct 26, 1993
$3,200,000
Health Dynamics INC
Unknown,
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1120 Weisgarber Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
