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Property profile & analytics
FOR LEASE
Casinos
11400 Parkside Dr Knoxville, TN 37934
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1449707
For Lease
1 / 16
$20 SF/Yr
11400 Parkside Dr, Knoxville, TN 37934
View Listing →
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
2007
Construction
LIGHT FRAME
Total area
102,900 SF
Lot
6.92 ac (301,435 SF)
APN
130 19113
UPID
US80-1449707
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
-
Dura-Line Industrial Manufacturer Production Facility
-
Arcadis Us Inc Engineering Consultant
-
David Jones - Raymond James Financial Advisor
-
The Hester Financial Group of Raymond James Financial Advisor
-
Heart Strong Home Group Knoxville Realtors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.29M
Blend (final)
Blend
$24.31M
Owner & transaction history
O&m Holdings LLC · 3 yrs held
O&m Holdings LLC
since 2022
Last sale
$24.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$32.1M
+14.4%
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
$23,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CASINO
$28,060,000
Current use
APARTMENT HOUSE (5+ UNITS)
$32,105,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$24.31M
Range $21.87M – $26.74M · ±10% · vs last sale $24.50M (Aug 19 2022)
Last sale anchor
$24.50M
Aug 19 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
$236 / 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
$101,763
Tax year 2023
Assessed value
$6,548,440
Assessed 2023
Previous assessed
$6,548,440
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$3,652,500
Improvement market value
$12,718,600
Total market value
$16,371,100
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
Casinos
Use group
CASINO
Status
For Lease
Year built
2007
Construction
LIGHT FRAME
Heating
YES
Stories
5
Units
1
Total area
102,900 SF
Lot
6.92 ac (301,435 SF)
APN
130 19113
UPID
US80-1449707
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
$28.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.1M
CASINO Current
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
2007
Construction
LIGHT FRAME
Heating
YES
Stories
5
Units
1
Lot
6.92 ac
Current owner
From public records · entity-resolved
O&m Holdings LLC
Entity
Mailing address
3571 LOUISVILLE RD, LOUISVILLE, TN 37777-3434
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$24,500,000
O&m Holdings LLC
Viking Partners Parkside LLC
Special Warranty Deed
$19,600,000 · Y-12 FCU
Aug 19, 2022
—
O & M Holdings LLC
Viking Partners Parkside LLC
Quit Claim Deed
related
—
Aug 27, 2018
—
Viking Partners Parkside LLC
—
Deed
related
$12,520 · Trustmark Nat'l Bk
May 2, 2018
$15,000,000
Viking Partners Parkside LLC
Parkside Plaza Office Spe LLC
Special Warranty Deed
$52,000,000 · The Huntington National Bank
Jan 28, 2015
—
Parkside Plaza Member LLC
11400 Pop I Private Investor X
Quit Claim Deed
$13,900,000 · Fortress Cr
Sep 27, 2011
$444,558
Pop I Private Investor X 11400
11400 Pop I Private Investor X
Grant Deed
related
—
Apr 27, 2011
$198,436
Pop I Private Investor X 11400
11400 Pop I Group I LLC
Grant Deed
—
Apr 27, 2011
$1,150,000
Pop I Private Investor X 11400
11400 Pop I Group I LLC
Grant Deed
—
Apr 27, 2011
$100,000
Pop I Private Investor X 11400
11400 Pop I Group I LLC
Grant Deed
related
—
Oct 22, 2008
$25,317,000
Pop I Private Investor 11400
Partners Xii LLC
Grant Deed
$14,200,000 · Regions Bank
—
—
Viking Partners Parkside LLC
—
Deed Of Trust
related
$12,520 · Trustmark Nat'l Bk
—
—
11400 Pop I Group I LLC
—
Deed Of Trust
related
$14,500,000 · Life Insurance Of Southwest
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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