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Property profile & analytics
OFF-MARKET
Estimated value
$10,450,000
Casinos
151 Major Reynolds Pl Knoxville, TN 37919-4853
Entity Owned
22-yr Hold
Free & Clear
Property ID
US80-0039273
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
2005
Construction
LIGHT FRAME
Total area
52,272 SF
Lot
2.7 ac (117,612 SF)
APN
121AA02806
UPID
US80-0039273
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
-
Melrose Title Company | Knox County Title Company
-
Robert Jubran - Mortgage NMLS ID 546402 Loan Service Bank
-
J. Mark Webb - Regions Financial Advisor Financial Advisor
-
Christopher Renshaw - Regions Financial Advisor Financial Advisor
-
Lacy Husk - Regions Mortgage Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.45M
Blend (final)
Blend
$10.45M
Owner & transaction history
Bearden Hill Office Partners · 22 yrs held
Bearden Hill Office Partners
since 2004
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.4M
+62.4%
Neighborhood: shopping center
$12.8M
+34.7%
Medical building
$10.6M
+11.5%
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
$9,505,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,440,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,800,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$10,595,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,355,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.45M
Range $9.41M – $11.50M · ±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
$200 / 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
$111,114
Tax year 2023
Assessed value
$2,995,320
Assessed 2023
Previous assessed
$2,995,320
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,061,900
Improvement market value
$6,426,400
Total market value
$7,488,300
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
2005
Construction
LIGHT FRAME
Heating
YES
Stories
3
Units
1
Total area
52,272 SF
Lot
2.7 ac (117,612 SF)
APN
121AA02806
UPID
US80-0039273
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
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$8.4M
CASINO Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2.7 ac
Current owner
From public records · entity-resolved
Bearden Hill Office Partners
Entity
Free & Clear · 22 yrs held
Mailing address
1111 N NORTHSHORE DR STE P195, KNOXVILLE, TN 37919-3803
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2004
$850,000
Bearden Hill Office Partners
Sunrise Senior Living Services
Warranty Deed
—
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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