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Property profile & analytics
OFF-MARKET
Estimated value
$18,240,000
Parking lots & garages
1319 Brg Ave, Knoxville, TN 37916
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1460749
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1998
Total area
2,372 SF
Lot
0.08 ac (3,267 SF)
APN
094MA010
UPID
US80-1460749
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
by Request
Blend (final)
Blend
$18.24M
Owner & transaction history
Eea Highland Terrace III LLC · 4 yrs held
Eea Highland Terrace III LLC
since 2022
Last sale
$18.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$17,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.24M
Range $16.42M – $20.06M · ±10% · vs last sale $18.39M (Mar 7 2022)
Last sale anchor
$18.39M
Mar 7 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
$7,690 / 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
$2,628
Tax year 2023
Assessed value
$70,840
Assessed 2023
Previous assessed
$70,840
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$176,300
Improvement market value
$800
Total market value
$177,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1998
Heating
NONE
Stories
2
Rooms
12
Bathrooms
2
Total area
2,372 SF
Lot
0.08 ac (3,267 SF)
APN
094MA010
UPID
US80-1460749
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
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
2
Rooms
12
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Eea Highland Terrace III LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1319 HIGHLAND AVE, KNOXVILLE, TN 37916-1543
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$18,387,500
Eea Highland Terrace III LLC
M&a Hive Knoxville LLC
Special Warranty Deed
—
Jul 22, 2016
$12,750,000
M & A Hive Knoxville LLC
Prime Utenn Student Hsng LLC
Grant Deed
$9,400,000 · Northmarq Cap
Mar 29, 2007
$6,600,297
Prime Utenn Student Housing LLC
Bridgecourt LLC
Warranty Deed
$8,625,000 · Morgan Stanley Mortgage Capital INC
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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