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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Office Spaces
186 Airport Plz Blvd Alcoa, TN 37701-3182
Entity Owned
38-yr Hold
Free & Clear
Property ID
US80-1894259
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
WOOD
Total area
17,632 SF
Lot
1.21 ac (52,708 SF)
Zoning code
E
APN
005026E B 01600
UPID
US80-1894259
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
-
Project Associates Inc Engineering Consultant
-
Anesthesiology And Pain Management Consultants Inc Physician
-
Luttrell Staffing Group - Alcoa Employment Agency
-
United Steelworkers Advocacy Group
-
Joyner James B MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.75M
Owner & transaction history
Le Conte Development Ltd · 38 yrs held
Le Conte Development Ltd
since 1988
3 recorded transactions
Zoning & alternative use
E · Alcoa, TN
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 Alcoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alcoa 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%
$2,580,000
6.5%
$2,380,000
7%
$2,210,000
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±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
$99 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,133
Tax year 2022
Assessed value
$626,160
Assessed 2023
Previous assessed
$531,680
+17.8% YoY
Effective rate
2.10%
On assessed value
Assessed land
$174,000
Assessed improvement
$452,160
Land market value
$435,000
Improvement market value
$1,130,400
Total market value
$1,565,400
Applied tax rate
5.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
6
Total area
17,632 SF
Lot
1.21 ac (52,708 SF)
Zoning code
E
APN
005026E B 01600
UPID
US80-1894259
Jurisdiction
BLOUNT
Zoning & alternative use
E · Alcoa, TN
Zoning E · permitted uses
E · Alcoa, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alcoa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
1.21 ac
Current owner
From public records · entity-resolved
Le Conte Development Ltd
Entity
Free & Clear · 38 yrs held
Mailing address
PO BOX 31408, KNOXVILLE, TN 37930-1408
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2018
—
Mcghee Tyson Office Plaza LP
—
Deed
related
$425,000 · Cbbc Bk
Jun 3, 1988
$140,000
Le Conte Development Ltd
Unknown
Grant Deed
—
—
—
Mcghee Tyson Office Plaza LP
—
Deed Of Trust
related
$425,000 · Cbbc Bk
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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