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

    1718 Central St Knoxville, TN 37917-5510

    • Casinos
    • 18,490 SF
    OFF-MARKET
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1515885
    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

    • Emerald Youth Foundation - North Area Ministry Complex / Non-Profit Organization

    Property Details for 1718 Central St

    Year built
    1930
    Construction
    CONCRETE
    Property size
    18,490 SF
    Property type
    Casinos
    APN
    081KJ003
    APU
    081KJ003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,777,000
      Market price range: $832k - $2.73M
      AI Estimate
      $1,777,000
      Market price range: $832k - $2.73M

    • Alternative Use

      Use
      Estimation
      CASINO
      $1,775,000
      Current use
      RETAIL STORES
      $1,775,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,685,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9345
    Latitude
    35.9864
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $232,700
    $821,700
    $1,054,400

    Comparable in this City

    • Value Estimation by Request
      1,998 SF

      1216 Magnolia Ave

      CASINO • 1,998 SF
      1216 Magnolia Ave, Knoxville, TN 37917-7732
      View Details
    • Value Estimation by Request
      5,128 SF

      1409 Magnolia Ave

      CASINO • 5,128 SF
      1409 Magnolia Ave, Knoxville, TN 37917-7706
      View Details
    • Value Estimation by Request
      3,343 SF

      529 Gay St

      CASINO • 3,343 SF
      529 Gay St, Knoxville, TN 37917-7423
      View Details
    • Value Estimation by Request
      6,912 SF

      313 Gay St

      CASINO • 6,912 SF
      313 Gay St, Knoxville, TN 37917-7529
      View Details
    • Value Estimation
      $750,000
      16,706 SF

      423 Depot Ave

      CASINO • 16,706 SF
      423 Depot Ave, Knoxville, TN 37917-7525
      View Details
    • Value Estimation by Request
      1,500 SF

      612 Luttrell St

      CASINO • 1,500 SF
      612 Luttrell St, Knoxville, TN 37917-7319
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Knoxville Development Opportunity

      5.13 acres across 8 parcels in downtown Knoxville.
      217 W Depot Ave, Knoxville, TN 37917
      View Details
    • $5,400,000
      55,000 SF

      Knoxville Warehouse: Prime Industrial Space

      55,000 SF Warehouse, $5.4M Asking
      2129 Chipman St, Knoxville, TN 37917
      View Details
    • $4,000,000
      1.06 Acres

      Old North Redevelopment Site

      Multifamily properties • 29,874 SF
      1013 Central St, Knoxville, TN 37917
      View Details
    • $349,000

      Spacious Commercial Building Near Downtown

      7,872 SF commercial space ideal for brewery, restaurant, office.
      2401 N Central St, Knoxville, TN 37917
      View Details
    • $7,000,000
      40,000 SF

      Revitalized Historic Portfolio with Development Potential

      Fully leased historic buildings in Knoxville's walkable neighborhood.
      3-23 Emory Pl, Knoxville, TN 37917
      View Details
    • Contact for pricing

      Redevelopment Site Near Covenant Health

      0.784 acre redevelopment site near Covenant Health Park.
      701 E Depot Ave, Knoxville, TN 37917
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      15,000 SF

      Knoxville Coworking Office Space

      Private Offices, 100-2000 sq ft
      828 Broadway, Knoxville, TN 37917
      View Details
    • $9 SF/Yr
      1,199 SF

      Retail Space on Broadway Street

      Retail space available for rent on Broadway Street.
      4454 N Broadway St, Knoxville, TN 37917
      View Details
    • $18 SF/Yr
      4,200 SF

      Retail Space Near Smokies Stadium

      Retail spaces near new Smokies Stadium, suitable for various uses.
      611 E Depot Ave, Knoxville, TN 37917
      View Details
    • $6 SF/Yr
      17,300 SF

      Knoxville Warehouse with Office Space

      17,300 SF warehouse with office, loading dock, and drive-in doors.
      1412 N 6Th Ave, Knoxville, TN 37917
      View Details
    • $20 SF/Yr
      15,688 SF

      Downtown Knoxville Retail Space Available

      New retail space in downtown Knoxville, walking distance to amenities.
      201 W 5Th Ave, Knoxville, TN 37917
      View Details
    • $15 SF/Yr
      5,400 SF

      Prime Retail Space Available

      Two 2,700 SF retail spaces in thriving downtown area.
      710 N Central St, Knoxville, TN 37917
      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.
    1718 Central St
    Knoxville, TN 37917-5510
    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.