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Property profile & analytics
OFF-MARKET
Estimated value
$18,680,000
Parking lots & garages
11225 Parkside Dr Knoxville, TN 37934-1964
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-0139654
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,187 SF
Lot
10 ac (435,600 SF)
APN
131 02937
UPID
US80-0139654
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
-
CarMax Auctions Car Dealership
-
CarMax Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.47M
Blend (final)
Blend
$18.68M
Owner & transaction history
Agree Stores LLC · 6 yrs held
Agree Stores LLC
since 2020
Last sale
$18.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.9M
+124.1%
Apartment house (5+ units)
$11.9M
+67.7%
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
$20,040,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$15,920,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,915,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$18.68M
Range $16.81M – $20.55M · ±10% · vs last sale $18.00M (Jul 6 2020)
Last sale anchor
$18.00M
Jul 6 2020
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
$489 / 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
$96,636
Tax year 2023
Assessed value
$4,483,000
Assessed 2023
Previous assessed
$4,483,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$4,781,300
Improvement market value
$6,426,200
Total market value
$11,207,500
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
3
Stories
1
Units
1
Total area
38,187 SF
Lot
10 ac (435,600 SF)
APN
131 02937
UPID
US80-0139654
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
$15.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
3
Units
1
Lot
10 ac
Current owner
From public records · entity-resolved
Agree Stores LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 29965, RICHMOND, VA 23242-2965
Ownership since
2020
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
Jul 6, 2020
$18,000,000
Agree Stores LLC
Olp Knoxville LLC
Grant Deed
—
Aug 11, 2003
$10,625,000
Electric Capital Busin
Carmax Auto Superstores INC
Grant Deed
related
—
—
—
Olp Knoxville LLC
—
Deed Of Trust
related
$9,500,000 · Branch Bk&tr
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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