Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1528 Is Home Ave Knoxville, TN 37920-1813

    • Casinos
    • 1,909 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0776313
    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.

    Current Use by Public Records

    • Mighty Mud / (Bike/Boat/Book/etc) Store
    • Victoria Mural / Artist

    Property Details for 1528 Is Home Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,909 SF
    Property type
    Casinos
    APN
    095OD005
    APU
    095OD005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.8971
    Latitude
    35.9604
    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
    $4,343
    $0.00
    $0.00
    $201,480
    -
    $210,600
    $293,100
    $503,700

    Comparable in this City

    • Value Estimation by Request
      1,157 SF

      3501 Chapman Hwy

      CASINO • 1,157 SF
      3501 Chapman Hwy, Knoxville, TN 37920-2471
      View Details
    • Value Estimation by Request
      7,242 SF

      529 Governor John Sevier Hwy

      CASINO • 7,242 SF
      529 Governor John Sevier Hwy, Knoxville, TN 37920-6752
      View Details
    • Value Estimation by Request
      700 SF

      1219 Maryville Pike

      CASINO • 700 SF
      1219 Maryville Pike, Knoxville, TN 37920-3948
      View Details
    • Value Estimation by Request
      720 SF

      2601 Sevier Ave

      CASINO • 720 SF
      2601 Sevier Ave, Knoxville, TN 37920-2568
      View Details
    • Value Estimation by Request
      400 SF

      Knoxville, TN 37920

      CASINO • 400 SF
      Knoxville, TN 37920
      View Details
    • Value Estimation by Request
      2,664 SF

      4450 Candora Ave

      CASINO • 2,664 SF
      4450 Candora Ave, Knoxville, TN 37920-1208
      View Details

    Similar Nearby for Sale

    • $240,000
      11.86 Acres

      Wildwood Gardens Residential Land

      11.86 Acres, South Knoxville Development
      0 Remagen Ln, Knoxville, TN 37920
      View Details
    • Contact for pricing
      0.40 Acres

      South Knoxville Building Lot

      Private 0.4 acre lot, convenient location, low restrictions.
      2305 Tomasse Dr, Knoxville, TN 37920
      View Details
    • $475,000
      2,058 SF

      South Knoxville Land Near Downtown

      Land near downtown Knoxville suitable for various development projects.
      520 Yarnell Ave, Knoxville, TN 37920
      View Details
    • $799,999
      4 SF

      Approved Multi-Family Development Opportunity

      Approved 32-unit development on 4.13 acres near UT.
      Crenshaw Rd, Knoxville, TN 37920
      View Details
    • $299,000

      South Knoxville Acreage with Views

      Rare 5-acre parcel with pasture and city convenience.
      E-2 Haws Rd, Knoxville, TN 37920
      View Details
    • $2,700,000
      26,760 SF

      Knoxville Office Building For Sale

      26,760 SF office building with flexible owner financing.
      7209 Chapman Hwy, Knoxville, TN 37920
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Prime Corner Lot For Rent

      Corner lot at gateway to South Knoxville development, for rent.
      2001 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $1,200 /Mo
      24,583 SF

      High-Traffic Land for Lease

      Prime commercial land available in a high-growth Knoxville corridor.
      3106 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $14 SF/Yr
      6,000 SF

      Restaurant or Retail Space Available

      6,000 SF space suitable for restaurant or retail use.
      7417-7433 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $3,200 /Mo
      2,486 SF

      Retail Space on Chapman Highway

      Retail space available for rent at a prominent intersection.
      7501 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $24 SF/Yr
      2,733 SF

      Retail Space Available For Lease

      Retail space available for lease with 2733 square feet.
      4409 Chapman Hwy, Knoxville, TN 37920
      View Details
    • $14 SF/Yr
      57,446 SF

      Chapman Hwy Retail Center

      Knoxville retail space for lease.
      6502 Chapman Hwy, Knoxville, TN 37920
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1528 Is Home Ave
    Knoxville, TN 37920-1813
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.