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Property profile & analytics
OFF-MARKET
Estimated value
$10,815,000
Medical Office Space
11440 Parkside Dr Knoxville, TN 37934-2658
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0148308
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
LIGHT FRAME
Total area
55,632 SF
Lot
5.19 ac (226,076 SF)
APN
130 19112
UPID
US80-0148308
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
-
Vanderbilt Heart Transplant Knoxville Medical Clinic
-
Gastrointestinal Associates PC Medical Clinic
-
Tanya Johnson, PT Physician
-
Vanderbilt Heart Knoxville Medical Clinic
-
The Endoscopy Center – West Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.82M
Owner & transaction history
Flagship Knoxville Parkside LLC · 6 yrs held
Flagship Knoxville Parkside LLC
since 2020
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$17.4M
+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
$11,580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,795,000
6.5%
$10,890,000
7%
$10,110,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,275,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,355,000
Change: +54% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,715,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$10.82M
Range $9.73M – $11.90M · ±10% · vs last sale $10.40M (Jan 3 2020)
Last sale anchor
$10.40M
Jan 3 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
$194 / 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
$89,519
Tax year 2023
Assessed value
$5,760,560
Assessed 2023
Previous assessed
$5,760,560
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$3,357,300
Improvement market value
$11,044,100
Total market value
$14,401,400
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
2005
Construction
LIGHT FRAME
Heating
YES
Stories
3
Units
1
Total area
55,632 SF
Lot
5.19 ac (226,076 SF)
APN
130 19112
UPID
US80-0148308
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
$11.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
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
2005
Construction
LIGHT FRAME
Heating
YES
Stories
3
Units
1
Lot
5.19 ac
Current owner
From public records · entity-resolved
Flagship Knoxville Parkside LLC
Entity
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
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
36 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Flagship Knoxville Parkside LLC
Broyhill Knoxville Parkside LLC
Quit Claim Deed
related
$10,750,000 · First Horizon Bank
Jul 18, 2018
$10,400,000
Flagship Fox Knoxville LLC
Dermatology Invs Grp LLC
Grant Deed
$6,240,000 · First Nat'l Bk/pa
Jan 29, 2016
$289,892
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$197,691
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$415,247
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$532,930
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$484,158
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$267,287
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$226,461
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$741,170
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$82,337
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$164,674
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$525,395
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$494,022
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$412,370
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$411,685
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$270,164
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$276,740
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$1,193,270
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$262,355
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$400,725
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$98,777
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$216,734
Flagship Knoxville Parkside Ll
11400 Pop II Group I LLC
Grant Deed
—
Jan 29, 2016
$441,414
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$177,552
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$115,354
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$82,437
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$232,352
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$497,310
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$186,183
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$1,138,607
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
Jan 29, 2016
$442,921
Flagship Knoxville Parkside Ll
11400 Pop II Private Investor
Grant Deed
—
May 13, 2011
$50,000
Pop Investor 11400 II
11400 Pop II Group I LLC
Grant Deed
—
Jun 2, 2009
$1,529,224
Pop Investor 11400 II
11400 Pop II Group I LLC
Grant Deed
—
Apr 1, 2009
$14,830,000
11400 Pop II Group I LLC
Partners V LLC
Grant Deed
—
—
—
Partners V LLC
—
Deed Of Trust
related
$9,500,000 · Ge 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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