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Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Retail space
22 Market Sq Knoxville, TN 37902-1404
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-1359557
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1933
Construction
WOOD FRAME
Total area
16,638 SF
Lot
0.54 ac (23,361 SF)
APN
094LE038
UPID
US80-1359557
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
-
Earth To Old City (Bike/Boat/Book/etc) Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$3.42M
Owner & transaction history
Three Degrees LLC · 11 yrs held
Three Degrees LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+51.8%
Neighborhood: shopping center
$3.2M
+44.2%
Auto repair, garage
$2.7M
+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
$2,220,000
Current use
MEDICAL BUILDING
$3,370,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,205,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,660,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±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
$205 / 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
$62,056
Tax year 2023
Assessed value
$1,540,000
Assessed 2023
Previous assessed
$1,540,000
+0.0% YoY
Effective rate
4.03%
On assessed value
Land market value
$1,740,000
Improvement market value
$2,110,000
Total market value
$3,850,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1933
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Buildings
3
Stories
2
Units
1
Total area
16,638 SF
Lot
0.54 ac (23,361 SF)
APN
094LE038
UPID
US80-1359557
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
$2.2M
MEDICAL BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.7M
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
1933
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
3
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Three Degrees LLC
Entity
Mailing address
6025 BROOKVALE LN STE #206, KNOXVILLE, TN 37919-4031
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2015
$3,300,000
Three Degrees LLC
Apollo Asset Management LLC
Warranty Deed
$3,000,000 · Clayton Bk&tr
May 19, 2015
—
Apollo Asset Management LLC
Industrial Dev Board Of City/knox
Quit Claim Deed
related
—
Sep 6, 2005
—
Industrial Dev Board Of City/knox
Preservation Public LLC
Quit Claim Deed
related
—
May 9, 2003
—
Preservation Public LLC
West,scott & Bernadette
Grant Deed
$1,345,000 · National Bank Commerce Tr & Sa
Jan 29, 2002
$150,000
Scott West
Gencay,firket T
Grant Deed
$150,000 · Gregory D Shanks
—
—
Cardinal Ms LLC
—
Deed Of Trust
related
$2,080,000 · Clayton Bank & Trust
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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