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Property profile & analytics
OFF-MARKET
Estimated value
$4,095,000
Medical Office Space
11416 Grigsby Chapel Rd Knoxville, TN 37934-1770
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-3470113
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
LIGHT FRAME
Total area
21,280 SF
Lot
3.11 ac (135,472 SF)
APN
142 10401
UPID
US80-3470113
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
-
Dennis King Medical Clinic
-
Sharon Mcnutt Physician
-
Lauren Church Medical Clinic
-
University Med Plaza Physician
-
Jennifer Daugherty Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$4.10M
Owner & transaction history
M & M Village Investment Ptshp · 8 yrs held
M & M Village Investment Ptshp
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.6M
+53.9%
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
MEDICAL BUILDING
$4,315,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,640,000
Change: +54% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,100,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±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
$192 / 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
$23,454
Tax year 2023
Assessed value
$1,509,240
Assessed 2023
Previous assessed
$1,509,240
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$1,717,800
Improvement market value
$2,055,300
Total market value
$3,773,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
LIGHT FRAME
Heating
STEAM
Stories
1
Units
1
Total area
21,280 SF
Lot
3.11 ac (135,472 SF)
APN
142 10401
UPID
US80-3470113
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
MEDICAL BUILDING Current
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
LIGHT FRAME
Heating
STEAM
Stories
1
Units
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
M & M Village Investment Ptshp
Entity
Free & Clear · 8 yrs held
Mailing address
11235 W PT DR #1, KNOXVILLE, TN 37934-2827
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jul 10, 2018
$875,000
M & M Village Investment Ptshp
G & G Grigsby Chapel Ptshp
Warranty Deed
—
Jul 10, 2018
—
Mgm Village Investment Ptshp
—
Deed
related
$450,000 · Pinnacle Bk
—
—
Mgm Village Investment Ptshp
—
Deed Of Trust
related
$450,000 · Pinnacle Bk
—
—
Lht Knoxville Properties LLC
—
Deed Of Trust
related
$3,274,323 · General Electric Capital Corp
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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