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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Casinos
315 Erin Dr Knoxville, TN 37919-6202
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0183105
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,028 SF
Lot
2.33 ac (101,495 SF)
APN
121HA007
UPID
US80-0183105
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
-
Paul B. Googe MD Physician
-
Dr. Robert N. Page, MD Physician Medical Clinic
-
Eastern VetPath Laboratory Veterinarian
-
PodiPath LLC Medical Clinic Spa & Massage Center
-
Dr. Joshua Gapp Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.60M
Owner & transaction history
315 Erin Drive LLC · 1 yrs held
315 Erin Drive LLC
since 2024
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+129.3%
Apartment house (5+ units)
$2.4M
+62.4%
Neighborhood: shopping center
$2.0M
+34.7%
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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,345,000
Change: +129% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,370,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,965,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Sep 18 2024)
Last sale anchor
$2.60M
Sep 18 2024
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
$324 / 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
$24,828
Tax year 2023
Assessed value
$669,280
Assessed 2023
Previous assessed
$669,280
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$605,800
Improvement market value
$1,067,400
Total market value
$1,673,200
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Units
1
Total area
8,028 SF
Lot
2.33 ac (101,495 SF)
APN
121HA007
UPID
US80-0183105
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
RESTAURANT
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Units
1
Lot
2.33 ac
Current owner
From public records · entity-resolved
315 Erin Drive LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2425 CRAIG CV RD, KNOXVILLE, TN 37919-9314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$2,600,000
315 Erin Drive LLC
Gapp Real Estate Holdings LLC
Warranty Deed
—
May 17, 2024
—
Josh Gapp
—
Deed
related
$185,000 · Mountain Valley Bank
Jun 21, 2023
—
Gapp Real Estate Holdings LLC
—
Deed
related
$75,000 · Mountain Valley Bank
Nov 23, 2016
$1,400,000
Gapp Real Estate Holdings LLC
Googe Paul B 2009 Trust
Warranty Deed
$1,400,000 · Branch Bk&tr
Mar 20, 2009
—
Paul B Googe
Pbg Investments LLC
Quit Claim Deed
related
—
Sep 14, 2001
$520,000
Pbg Investments LLC
Shelton,r D
Grant Deed
$416,000 · First Tennessee Bank National
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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