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Property profile & analytics
OFF-MARKET
Estimated value
$6,670,000
Turn key restaurants
324 Peters Rd Knoxville, TN 37922-7506
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-3036261
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
LIGHT FRAME
Total area
6,861 SF
Lot
1.7 ac (74,052 SF)
APN
132 02602
UPID
US80-3036261
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
-
Carrabba's Italian Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.67M
Owner & transaction history
Fcpt Holdings LLC · 1 yrs held
Fcpt Holdings LLC
since 2024
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,670,000
ML approach
$6,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.67M
Range $6.00M – $7.34M · ±10% · vs last sale $6.67M (Aug 29 2024)
Last sale anchor
$6.67M
Aug 29 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
$972 / 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
$33,213
Tax year 2023
Assessed value
$895,320
Assessed 2023
Previous assessed
$895,320
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,298,400
Improvement market value
$939,900
Total market value
$2,238,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
LIGHT FRAME
Heating
STEAM
Stories
1
Units
1
Total area
6,861 SF
Lot
1.7 ac (74,052 SF)
APN
132 02602
UPID
US80-3036261
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
Building & site characteristics
From public records
Year built
1999
Construction
LIGHT FRAME
Heating
STEAM
Stories
1
Units
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Fcpt Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
591 N REDWOOD HWY FRONTAGE RD STE #3215, MILL VALLEY, CA 94941-6006
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$6,672,422
Fcpt Holdings LLC
Lcn Blm Las Vegas Multi LLC
Special Warranty Deed
—
Sep 16, 2016
—
New Private Restaurant Props L
—
Deed
related
$300,000,000 · Wells Fargo Bk
Sep 8, 2016
$6,637,197
Lcn Blm Las Vegas Multi LLC
New Private Restaurant Props L
Grant Deed
$22,629 · Nexbank Ssb
Apr 11, 2012
—
New Private Restaurant Props L
Private Restaurant Props LLC
Quit Claim Deed
related
$324,800,000 · Bank Of America
Jun 29, 2007
$2,900,000
Private Restaurant Properties LLC
Carrabbas Italian Grill INC
Quit Claim Deed
related
—
Dec 9, 1996
$800,000
Dennis C Tipton
Home Federal Ban
Grant Deed
$67,900 · Mortgage
Nov 5, 1996
$800,000
H Wayne Tipton
—
Grant Deed
related
—
Jun 15, 1990
$400,000
Home Federal Bank Of
Unknown,
Grant Deed
related
—
—
—
New Private Restaurant Props L
—
Deed Of Trust
related
$300,000,000 · Wells Fargo Bk
—
—
New Private Restaurant Props L
—
Loan Modification
related
$300,000,000 · Wells Fargo 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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