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Property profile & analytics
OFF-MARKET
Estimated value
$5,640,000
Casinos
299 Weisgarber Rd Knoxville, TN 37919-4013
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-3318043
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1999
Construction
WOOD FRAME
Total area
23,248 SF
Lot
3.02 ac (131,551 SF)
APN
121AA014
UPID
US80-3318043
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
-
ProvideWireless.com Telecommunications Service General Contractor
-
MBI Companies Inc. Mechanical Engineer Structural Engineer
-
Michael Versen & Associates Landscaping (Bike/Boat/Book/etc) Store
-
The Barnett Firm Law Firm
-
TWH Architects Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.64M
Blend (final)
Blend
$5.64M
Owner & transaction history
Mega Machinery INC · 18 yrs held
Mega Machinery INC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.9M
+62.4%
Neighborhood: shopping center
$5.7M
+34.7%
Medical building
$4.7M
+11.5%
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
CASINO
$4,225,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,865,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,690,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$4,710,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,715,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±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
$243 / 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
$59,956
Tax year 2023
Assessed value
$1,616,240
Assessed 2023
Previous assessed
$1,616,240
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$864,800
Improvement market value
$3,175,800
Total market value
$4,040,600
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
YES
Stories
3
Units
1
Rooms
9
Bathrooms
2
Total area
23,248 SF
Lot
3.02 ac (131,551 SF)
APN
121AA014
UPID
US80-3318043
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
CASINO Current
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$3.7M
CASINO Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1999
Construction
WOOD FRAME
Heating
YES
Stories
3
Units
1
Rooms
9
Bathrooms
2
Lot
3.02 ac
Current owner
From public records · entity-resolved
Mega Machinery INC
Entity
Mailing address
299 W WEISGARBER RD, KNOXVILLE, TN 37919
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Apr 3, 2018
—
James C Sternberg
—
Deed
related
$2,747,300 · Knoxville Teachers FCU
Jun 11, 2012
—
Treetop Dev LLC
—
Trustees Deed
related
$750,000 · Branch Banking & Trust Co
May 28, 2008
$110,000
Mega Machinery INC
Pam & Carley Keck INC
Warranty Deed
—
Jan 11, 1999
$250,000
Treetop Development LLC
Kent,cheryl A
Grant Deed
—
Oct 17, 1996
—
Rule,kenneth A Tr
—
Deed Of Trust
related
—
—
—
Treetop Dev LLC
—
Deed Of Trust
related
$2,799,175 · Capitalmark Bk&tr
—
—
Treetop Development
—
Deed Of Trust
related
$184,000 · First American National Bank
—
—
James C Sternberg
—
Deed Of Trust
related
$2,747,300 · Knoxville Teachers FCU
—
—
Howard S Bush III
—
Deed Of Trust
related
$20,095 · Manufacturers Acceptance Corp
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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