New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,960,000
Grocery and convenience stores
1950 Western Ave, Knoxville, TN 37921-5716
Trust Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0695940
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,660 SF
Lot
5.18 ac (225,641 SF)
APN
094JE029
UPID
US80-0695940
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
-
Food City Gas 'N Go Gas Station
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
-
KUB Payment Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.98M
Blend (final)
Blend
$5.96M
Owner & transaction history
Rutherford Trust · 9 yrs held
Rutherford Trust
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.3M
+51.8%
Neighborhood: shopping center
$8.8M
+44.2%
Auto repair, garage
$7.3M
+19.7%
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
Alternative Use
Use
Estimation
RETAIL STORES
$6,100,000
Current use
MEDICAL BUILDING
$9,255,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,795,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,300,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$5.96M
Range $5.36M – $6.56M · ±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
$131 / 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
$41,974
Tax year 2023
Assessed value
$1,947,200
Assessed 2023
Previous assessed
$1,947,200
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$966,400
Improvement market value
$3,901,600
Total market value
$4,868,000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Units
1
Total area
45,660 SF
Lot
5.18 ac (225,641 SF)
APN
094JE029
UPID
US80-0695940
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
RETAIL STORES Current
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Units
1
Lot
5.18 ac
Current owner
From public records · entity-resolved
Rutherford Trust
Trust
Free & Clear · 9 yrs held
Mailing address
7412 OLD MAYNARDVILLE PIKE, KNOXVILLE, TN 37938-3727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 23, 2017
—
Rutherford Trust
Industrial Dev Board Of The Ci
Quit Claim Deed
related
—
Apr 24, 2007
—
Industrial Dev Board Of City/knox
Commonwealth-center City Ptrs
Quit Claim Deed
related
—
Jun 19, 2006
$790,000
Commonwealth-center City Ptrs
Knoxvilles Community Dev Corp
Grant Deed
$3,258,800 · Regions Bank
Feb 23, 1998
—
Sammie Anderson
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1950 Western Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
