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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Medical Office Space
2587 Willow Pt Way Knoxville, TN 37931-3162
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-1667357
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
6,905 SF
Lot
1 ac (43,560 SF)
APN
104 01704
UPID
US80-1667357
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
-
Pediatric Clinic Hardin Valley Pediatrician Medical Clinic
-
Smoak Guy L MD Pediatrician Physician
-
Carroll John D Medical Clinic
-
Thomas Lowry, MD Pediatrician Medical Clinic
-
Summit Pediatric Clinic Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.47M
Owner & transaction history
Noah L Myers · 13 yrs held
Noah L Myers
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+53.9%
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
MEDICAL BUILDING
$1,400,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,155,000
Change: +54% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,330,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$212 / 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
$8,380
Tax year 2023
Assessed value
$539,240
Assessed 2023
Previous assessed
$539,240
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$522,000
Improvement market value
$826,100
Total market value
$1,348,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
STEAM
Stories
1
Units
1
Total area
6,905 SF
Lot
1 ac (43,560 SF)
APN
104 01704
UPID
US80-1667357
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
MEDICAL BUILDING Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
STEEL FRAME
Heating
STEAM
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Noah L Myers
Individual
Mailing address
12740 KINGSTON PIKE STE #205, KNOXVILLE, TN 37934-0939
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
—
Ray K Myers
—
Deed
related
—
Apr 29, 2020
—
Ray K Myers
—
Deed
related
—
Apr 9, 2013
$975,000
Noah L Myers
Ornl FCU
Grant Deed
$730,000 · Tnbank
Jan 7, 2013
$900,000
Ornl FCU
Dickenson Thomas H
Trustees Deed
related
—
Aug 27, 2008
—
Hardin Valley LLC
—
Trustees Deed
related
$300,000 · Capitalmark Bank & Trust
—
—
Hardin Valley LLC
—
Deed Of Trust
related
$200,000 · Ronald Osborn
—
—
Ray K Myers
—
Loan Modification
related
—
—
—
Ray K Myers
—
Loan Modification
related
—
—
—
Hardin Valley LLC
—
Deed Of Trust
related
$1,200,214 · Ornl FCU
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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