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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Grocery and convenience stores
1606 Lovell Rd Knoxville, TN 37932-2085
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1009324
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Construction
LIGHT FRAME
Total area
3,533 SF
Lot
1.33 ac (57,935 SF)
APN
118 013
UPID
US80-1009324
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
-
Subway Take-out & Catering
-
Phillips 66 Car Wash
-
Bread Box Food Store Grocery & Convenience Store
-
Amazon Locker - Smog Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$555k
Owner & transaction history
Transglobal Oil Co · 20 yrs held
Transglobal Oil Co
since 2006
6 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
$555k
Range $500k – $611k · ±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
$157 / 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
$13,207
Tax year 2023
Assessed value
$849,880
Assessed 2023
Previous assessed
$849,880
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$498,500
Improvement market value
$1,626,200
Total market value
$2,124,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Construction
LIGHT FRAME
Heating
STEAM
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
3,533 SF
Lot
1.33 ac (57,935 SF)
APN
118 013
UPID
US80-1009324
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
2003
Construction
LIGHT FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Bathrooms
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Transglobal Oil Co
Entity
Free & Clear · 20 yrs held
Mailing address
1410 COMMONWEALTH DR STE #202, WILMINGTON, NC 28403-0377
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Transglobal Oil Company
—
Deed
related
$5,600,000 · First Bank
Jun 14, 2013
—
Transglobal Oil Co
—
Deed Of Trust
related
$11,000,000 · Pinnacle Bank
Mar 2, 2006
—
Transglobal Oil Co
Transglobal Gas & Oil Co INC
Quit Claim Deed
related
—
Jul 9, 2004
$1,500,000
Transglobal Gas & Oil Co INC
Pep Properties
Grant Deed
—
Nov 27, 2002
$725,000
Lovell Road Properties LLC
Pep Properties
Grant Deed
—
Jul 8, 2002
$400,000
Pep Properties
Scates,luther F & Jane Y
Grant Deed
$400,000 · Suntrust Bank NA
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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