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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Casinos
135 Fox Rd Knoxville, TN 37922-3349
Entity Owned
27-yr Hold
Free & Clear
Property ID
US80-0198002
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1999
Construction
STEEL FRAME
Total area
27,220 SF
Lot
3.85 ac (167,706 SF)
APN
131LA012
UPID
US80-0198002
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
-
East Tennessee Trimlight Big Box & Wholesale Store
-
GRW Engineers Engineering Consultant
-
Azure Medical Innovation Corporation Research And Product Development
-
John House Psychotherapist Psychologist
-
Dr. Susan Montgomery Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.40M
Blend (final)
Blend
$6.40M
Owner & transaction history
Keystone Center LLC · 27 yrs held
Keystone Center LLC
since 1999
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.5M
+18.1%
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
CASINO
$7,190,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,490,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.03M · ±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
$235 / 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
$27,669
Tax year 2023
Assessed value
$1,780,480
Assessed 2023
Previous assessed
$1,780,480
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$830,000
Improvement market value
$3,621,200
Total market value
$4,451,200
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
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
STEAM
Buildings
2
Stories
2
Units
1
Rooms
9
Bathrooms
3
Total area
27,220 SF
Lot
3.85 ac (167,706 SF)
APN
131LA012
UPID
US80-0198002
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
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
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
1999
Construction
STEEL FRAME
Heating
STEAM
Stories
2
Buildings
2
Units
1
Rooms
9
Bathrooms
3
Lot
3.85 ac
Current owner
From public records · entity-resolved
Keystone Center LLC
Entity
Free & Clear · 27 yrs held
Mailing address
2045 HIDDEN CV LN, KNOXVILLE, TN 37922-6156
Ownership since
1999
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
Jul 16, 1999
$283,502
Keystone Center LLC
Carroll,william G & Barbara P
Grant Deed
—
Mar 24, 1998
$226,800
Keystone Center LLC
—
Grant Deed
related
—
—
—
Keystone Center LLC
—
Deed Of Trust
related
$4,600,000 · Merrill Lynch Mortgage Lending
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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