New search
Property profile & analytics
OFF-MARKET
Estimated value
$13,060,000
Super regional malls
11401 Parkside Dr, Farragut, TN 37934
Entity Owned
14-yr Hold
Free & Clear
Property ID
US80-1203444
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Construction
LIGHT FRAME
Total area
39,138 SF
Lot
19.78 ac (861,617 SF)
APN
130 19107
UPID
US80-1203444
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.06M
Blend (final)
Blend
$13.06M
Owner & transaction history
Hart Tc IV LLC · 14 yrs held
Hart Tc IV LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.3M
+116.5%
Apartment house (5+ units)
$12.2M
+62.0%
Medical building
$7.9M
+5.3%
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 Farragut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farragut 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
RESTAURANT
$16,315,000
Change: +116% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,210,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$7,935,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$13.06M
Range $11.75M – $14.37M · ±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
$334 / 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
Assessed value
$9,785,640
Assessed 2023
Previous assessed
$9,785,640
+0.0% YoY
Land market value
$8,159,300
Improvement market value
$16,304,800
Total market value
$24,464,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Construction
LIGHT FRAME
Heating
YES
Buildings
4
Stories
1
Units
1
Total area
39,138 SF
Lot
19.78 ac (861,617 SF)
APN
130 19107
UPID
US80-1203444
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
$16.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$7.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2008
Construction
LIGHT FRAME
Heating
YES
Stories
1
Buildings
4
Units
1
Lot
19.78 ac
Current owner
From public records · entity-resolved
Hart Tc IV LLC
Entity
Free & Clear · 14 yrs held
Mailing address
191 N WACKER DR FL, CHICAGO, IL 60606-1615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2020
—
Belk Department Stores LP
—
Deed
related
$1,500,000 · Morgan Stanley SR Fndg
Dec 13, 2011
$28,950,000
Hart Tc IV LLC
Parkside Drive Farragut LLC
Grant Deed
—
Aug 19, 2008
—
Parkside Drive Farragut LLC
—
Grant Deed
related
$17,500,000 · Wachovia Bank NA
Dec 31, 2007
$5,982,000
Parkside Drive Farragut LLC
Farragut Land Partners LLC
Grant Deed
—
Nov 16, 2004
$4,800,000
Farragut Land Partners LLC
Medical Dev Associates LLC
Warranty Deed
$4,800,000 · National Bank Commerce Tr & Sa
Dec 16, 2002
$4,400,000
Medical Development Assoc LLC
Farragut Land Partners LLC
Grant Deed
$4,400,000 · Citizens National Bank
—
—
Belk Department Stores LP
—
Deed Of Trust
related
$1,500,000 · Morgan Stanley SR Fndg
—
—
Belk Department Stores LP
—
Deed Of Trust
related
$550,000 · Wilmington Tr 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.
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 11401 Parkside Dr?
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.
