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Property profile & analytics
FOR SALE
Retail space
29 Market Sq Knoxville, TN 37902
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US80-2976136
For Sale
1 / 2
$3,800,000
29 Market Sq, Knoxville, TN 37902
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,526 SF
Lot
0.06 ac (2,544 SF)
APN
094LF005
UPID
US80-2976136
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
-
TAC Insight (Bike/Boat/Book/etc) Store Corporate Office
-
Proper Popcorn (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.44M
Owner & transaction history
Segundo Properties LLC · 22 yrs held
Segundo Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+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
$1,675,000
Current use
AUTO REPAIR, GARAGE
$2,000,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$115 / 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
$18,968
Tax year 2023
Assessed value
$470,720
Assessed 2023
Previous assessed
$470,720
+0.0% YoY
Effective rate
4.03%
On assessed value
Land market value
$361,700
Improvement market value
$815,100
Total market value
$1,176,800
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
For Sale
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
5
Units
1
Total area
12,526 SF
Lot
0.06 ac (2,544 SF)
APN
094LF005
UPID
US80-2976136
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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
5
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Segundo Properties LLC
Entity
Mailing address
2455 E MAGNOLIA AVE, KNOXVILLE, TN 37917-8228
Ownership since
2004
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
Dec 30, 2019
—
Segundo Properties LLC
—
Deed
related
$1,300,000 · Mountain Cmrc Bk
Jan 5, 2018
—
Segundo Properties LLC
—
Deed
related
$1,126,437 · Simmons Bk
Apr 24, 2017
—
Segundo Properties LLC
—
Deed
related
—
Jul 1, 2004
$350,000
Segundo Properties LLC
Key,john C & Susan M
Grant Deed
$267,000 · Suntrust Bank NA
Mar 25, 1997
$106,000
John Curtis Key
—
Grant Deed
related
—
—
—
Segundo Properties LLC
—
Deed Of Trust
related
$300,000 · Bankeast
—
—
Segundo Properties LLC
—
Loan Modification
related
$950,000 · First St Bk
—
—
Segundo Properties LLC
—
Deed Of Trust
related
$1,300,000 · Mountain Cmrc Bk
—
—
Segundo Properties LLC
—
Deed Of Trust
related
$850,000 · Capitalmark Bank & Trust
—
—
Segundo Properties LLC
—
Loan Modification
related
—
—
—
Segundo Properties LLC
—
Loan Modification
related
$1,126,437 · Simmons 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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