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Property profile & analytics
OFF-MARKET
Estimated value
$6,085,000
Medical Office Space
1400 Centerpoint Blvd Knoxville, TN 37932-1979
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US80-0181346
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
LIGHT FRAME
Total area
61,264 SF
Lot
4.95 ac (215,491 SF)
APN
118 01604
UPID
US80-0181346
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
-
Covenant Medical Group Medical Clinic
-
Hannah Royer Physician
-
Ashley Wade Physician
-
Covenant Health Employment Services Employment Agency
-
Centerpoint Plaza Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.09M
Blend (final)
Blend
$6.09M
Owner & transaction history
Covenant Health · 14 yrs held
Covenant Health
since 2011
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.09M
Range $5.48M – $6.69M · ±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
$99 / 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
$30,820
Tax year 2023
Assessed value
$1,983,280
Assessed 2023
Previous assessed
$1,983,280
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$739,500
Improvement market value
$6,177,600
Total market value
$6,917,100
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
1991
Construction
LIGHT FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
61,264 SF
Lot
4.95 ac (215,491 SF)
APN
118 01604
UPID
US80-0181346
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
1991
Construction
LIGHT FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
Covenant Health
Individual
Mailing address
1420 CENTERPOINT BLVDC, KNOXVILLE, TN 37932-1960
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2011
$5,389,736
Covenant Health
Knox Centerpoint LLC
Grant Deed
—
Mar 27, 2002
—
Knox Centerpoint LLC
Cooper Realty Investments INC
Quit Claim Deed
related
$5,400,000 · Southern Farm Bureau Life Ins
Sep 7, 1995
—
Centerpoint,ii LLC
—
Deed Of Trust
related
—
May 23, 1995
$321,904
Centerpoint,ii LLC
—
Grant Deed
related
—
May 5, 1992
$259,450
Plaza L P Centerpoint
Unknown,
Grant Deed
—
Feb 1, 1991
$259,450
Plaza L P Centerpoint
Unknown
Grant Deed
—
—
—
LP Centerpoint Plaza
—
Deed Of Trust
related
$3,200,000 · Pfl Life Ins Co
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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