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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Office Spaces
235 Old Glory Rd Maryville, TN 37801-8331
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3223938
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Total area
13,588 SF
Lot
7.66 ac (333,670 SF)
Zoning code
C
APN
005056 04500
UPID
US80-3223938
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
-
Russell & Abbott Heating and Cooling HVAC Service General Contractor
-
Honeybee Storage Storage Facility
-
VC3 Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.69M
Owner & transaction history
David A Shanks · 3 yrs held
David A Shanks
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C · Maryville, 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 Maryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maryville 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
$3,555,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$1,985,000
6.5%
$1,835,000
7%
$1,705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,980,000
Current use
RESTAURANT
$3,235,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.60M (Oct 3 2022)
Last sale anchor
$2.60M
Oct 3 2022
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
$198 / 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
$21,162
Tax year 2022
Assessed value
$1,036,920
Assessed 2023
Previous assessed
$856,760
+21.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$278,560
Assessed improvement
$758,360
Land market value
$696,400
Improvement market value
$1,895,900
Total market value
$2,592,300
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
1981
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
6
Total area
13,588 SF
Lot
7.66 ac (333,670 SF)
Zoning code
C
APN
005056 04500
UPID
US80-3223938
Jurisdiction
BLOUNT
Zoning & alternative use
C · Maryville, TN
Zoning C · permitted uses
C · Maryville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maryville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1981
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
7.66 ac
Current owner
From public records · entity-resolved
David A Shanks
Individual
Mailing address
215 ELLIS AVE, MARYVILLE, TN 37804-5910
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Douglas K Crawford
—
Deed
related
$400,000 · Cbbc Bank
Oct 3, 2022
$2,600,000
David A Shanks
Vanquish Worldwide LLC
Warranty Deed
$1,600,000 · Enrichment Federal Credit Union
Apr 1, 2021
—
Vanquish Worldwide LLC
—
Deed
related
$1,275,000 · First Community Bank Of East Tennessee
Oct 9, 2020
—
Vanquish Worldwide LLC
—
Deed
related
$600,000 · Suntrust Bk
Aug 24, 2020
—
Vanquish Worldwide LLC
Eric W Barton
Quit Claim Deed
related
—
Jul 5, 2013
$900,000
Eric W Barton
Fsg Bk NA
Warranty Deed
—
Jul 5, 2013
$900,100
Eric W Barton
Fsg Bk NA
Warranty Deed
—
Oct 26, 2011
$1,465,833
Fsgbank NA
Owner Name Unavailable
Grant Deed
related
—
Jun 20, 2008
$275,000
Sharp Dev LLC
Owner Name Unavailable
Warranty Deed
—
Mar 7, 2006
—
Hodge Propeties LLC
Hodge Jeffrey W Trust
Quit Claim Deed
related
—
—
—
Vanquish Worldwide LLC
—
Deed Of Trust
related
$600,000 · Suntrust 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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