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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Auto shops
314 Watt Rd Knoxville, TN 37934-1105
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1520338
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,900 SF
Lot
1 ac (43,560 SF)
APN
151 02001
UPID
US80-1520338
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
-
PALS West Auto Repair Shop
-
Intoxalock Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
White Properties III LLC · 3 yrs held
White Properties III LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$995,000
+26.8%
Neighborhood: shopping center
$945,000
+20.5%
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
$1,455,000
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
$995,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.62M (Jun 28 2023)
Last sale anchor
$1.62M
Jun 28 2023
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
$318 / 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
$3,045
Tax year 2023
Assessed value
$195,960
Assessed 2023
Previous assessed
$195,960
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$350,000
Improvement market value
$139,900
Total market value
$489,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
4,900 SF
Lot
1 ac (43,560 SF)
APN
151 02001
UPID
US80-1520338
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
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
MEDICAL BUILDING
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
White Properties III LLC
Entity
Mailing address
5801 MIDDLEBROOK PIKE, KNOXVILLE, TN 37921-5947
Ownership since
2023
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
Jun 28, 2023
$1,615,400
White Properties III LLC
Tracy Roberts
Warranty Deed
$1,315,400 · Tracy Roberts
Apr 20, 2021
—
Tracy Roberts
Larry E Jones
Quit Claim Deed
related
$388,193 · Larry E Jones Etux
Feb 16, 2017
—
Tracy Roberts
—
Deed
related
$446,869 · Pinnacle Bk
Feb 1, 2005
—
Larry E Jones
Roberts,tracy & Kimberly S
Quit Claim Deed
related
—
May 14, 1996
—
Kimberly S Roberts
—
Deed Of Trust
related
—
Apr 15, 1996
$25,000
Kimberly Roberts
—
Grant Deed
related
—
Mar 6, 1995
$75,900
Tracy Morgan Roberts
Unknown,
Grant Deed
$42,000 · Home Federal Bank Of Tennessee
—
—
Tracy Roberts
—
Deed Of Trust
related
$39,000 · First American National Bank
—
—
Tracy Roberts
—
Deed Of Trust
related
$245,000 · First American National Bank
—
—
Tracy Roberts
—
Deed Of Trust
related
$240,000 · Suntrust Bank NA
—
—
Tracy Roberts
—
Loan Modification
related
$446,869 · Pinnacle 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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