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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Medical Office Space
1826 Ailor Ave Knoxville, TN 37921-5802
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0891865
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
METAL FRAME
Total area
12,000 SF
Lot
0.44 ac (19,005 SF)
APN
094KR001
UPID
US80-0891865
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
-
Nova Medical Centers Physical Therapist Physical Therapy Clinic
-
Dr. Jack D. King Jr, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.40M
Owner & transaction history
O & M Holdings LLC · 2 yrs held
O & M Holdings LLC
since 2023
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+53.9%
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
$2,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,545,000
6.5%
$2,350,000
7%
$2,180,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,745,000
Change: +54% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,310,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.50M (Nov 27 2023)
Last sale anchor
$2.50M
Nov 27 2023
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
$21,869
Tax year 2023
Assessed value
$589,520
Assessed 2023
Previous assessed
$589,520
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$164,200
Improvement market value
$1,309,600
Total market value
$1,473,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
METAL FRAME
Heating
STEAM
Cooling
YES
Stories
1
Units
1
Total area
12,000 SF
Lot
0.44 ac (19,005 SF)
APN
094KR001
UPID
US80-0891865
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
MEDICAL BUILDING Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
METAL FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
O & M Holdings LLC
Entity
Mailing address
PO BOX 1127, LOUISVILLE, TN 37777-1127
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$2,500,000
O & M Holdings LLC
Bam Ten Properties LLC
Special Warranty Deed
$2,000,000 · Ornl FCU
Mar 16, 2021
$2,670,000
Barn Ten Properties LLC
Pro Health Properties Gp
Warranty Deed
—
Jul 13, 2015
$2,138,856
Pro Health Properties Gp
King,linda Z & J Donald JR
Grant Deed
$1,743,400 · Branch Bk&tr
—
—
Donald King JR.
—
Deed Of Trust
related
$248,086 · Third National Bank
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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