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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Retail space
1885 Louisville Rd 1897 Alcoa, TN 37701-1623
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0981258
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
7,461 SF
Lot
0.88 ac (38,333 SF)
Zoning code
D
APN
005036P B 00500
UPID
US80-0981258
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$840k
Owner & transaction history
Billy And Elise Loope LLC - 1885 Lr · 1 yrs held
Billy And Elise Loope LLC - 1885 Lr
since 2025
5 recorded transactions
Zoning & alternative use
D · Alcoa, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Zoning Ordinance (PDF) Chapter 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business E (PDF) 2.7 Office 0-3 (PDF) 2.8 Office 0-5 (PDF) 2.9 Interstate Commercial IC (PDF) 2.10 Blank for Future Use (…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
12.15 ac
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$905,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$113 / 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
$12,343
Tax year 2022
Assessed value
$283,880
Assessed 2023
Previous assessed
$260,400
+9.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$38,360
Assessed improvement
$245,520
Land market value
$95,900
Improvement market value
$613,800
Total market value
$709,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
7,461 SF
Lot
0.88 ac (38,333 SF)
Zoning code
D
APN
005036P B 00500
UPID
US80-0981258
Jurisdiction
BLOUNT
Zoning & alternative use
D · Alcoa, TNZoning D · permitted uses
D · Alcoa, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Zoning Ordinance (PDF) Chapter 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business E (PDF) 2.7 Office 0-3 (PDF) 2.8 Office 0-5 (PDF) 2.9 Interstate Commercial IC (PDF) 2.10 Blank for Future Use (PDF) 2.11 Planned Commercial Unit Development E-1 (PDF) 2.12 Planned Commercial
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
12.15 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2006
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.88 ac
Current owner
From public records · entity-resolved
Billy And Elise Loope LLC - 1885 Lr
Entity
Free & Clear · 1 yrs held
Mailing address
903 FRONTIER CIR, FRIENDSVILLE, TN 37737-2041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Billy And Elise Loope LLC - 1885 Lr
Elise Loope
Quitclaim Deed
related
—
Oct 3, 2022
—
Denise King
Bert & Denise King LLC
Quit Claim Deed
related
—
Sep 29, 2022
—
Elise Loope
Elise & Billy J Loope LLC
Quit Claim Deed
related
—
Jul 12, 2006
—
Elise & Billy J Loope LLC
Loope,bily J & Elsie
Quit Claim Deed
related
—
May 9, 2005
—
Loope,bily J & Elsie
Owner Name Unavailable
Grant Deed
related
—
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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