145 Gay St Knoxville, TN 37902-1004
Property profile & analytics
145 Gay St Knoxville, TN 37902-1004
- Casinos
- 4,599 SF
- 0.02 lot acres
Property ID
US80-0194041
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Taqueria El Tarasco / Restaurant
- Ian’s Market downtown Knoxville / Grocery & Convenience Store
Property Details for 145 Gay St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.02 lot acres
- Property size
- 4,599 SF
- Property type
- Casinos
- APN
- 094EJ031
- APU
- 094EJ031
Description
This exceptional mixed-use property, located at 145 S Gay St in the heart of Downtown Knoxville, Tennessee, presents a compelling investment opportunity. The 4,650 square foot, two-story building boasts a diverse tenant mix, including two commercial tenants operating under a Net Lease (NNN) agreement, paying a combined $3,000 per month plus NNN charges, and three residential units successfully integrated into a short-term rental program. These short-term rentals are projected to generate approximately $50,000 in annual revenue per unit. The property features five parking spaces and underwent a complete renovation in 2023. With a 100% occupancy rate and a price per square foot of $591.40, this asset offers significant potential for appreciation. The building is zoned DKE and benefits from a prime corner location in a rapidly growing and highly desirable area. The commercial leases include rent bumps, providing additional income growth opportunities. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property with strong cash flow and significant upside potential. The net rentable square footage is 4,500 square feet.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,279,000
- AI Estimate
- $1,279,000
Market price range: $188k - $1.35MMarket price range: $188k - $1.35M -
Alternative Use
- Use
- Estimation
- CASINO
- $920,000 Current use
- MEDICAL BUILDING
- $930,000 Change: +2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $885,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.9202
- Latitude
- 35.9679
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,704
$0.00
$0.00
$389,720
-
$408,300
$566,000
$974,300
