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Property profile & analytics
OFF-MARKET
Turn key restaurants
3822 Martin Luther King Jr Ave Knoxville, TN 37914-4025
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3506437
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
614 SF
Lot
0.18 ac (7,696 SF)
APN
082DL004
UPID
US80-3506437
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
-
Wangs N Thangs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Adrian Sean Thompson · 2 yrs held
Adrian Sean Thompson
since 2024
Last sale
$75,256
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,437
Tax year 2023
Assessed value
$38,720
Assessed 2023
Previous assessed
$38,720
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$26,700
Improvement market value
$70,100
Total market value
$96,800
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Units
1
Total area
614 SF
Lot
0.18 ac (7,696 SF)
APN
082DL004
UPID
US80-3506437
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Adrian Sean Thompson
Individual
Mailing address
3421 RIVERVIEW DR, KNOXVILLE, TN 37914-7204
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
—
Adrian Thompson
—
Deed
related
$50,000 · City Of Knoxville
Jan 26, 2024
—
Adrian Sean Thompson
Christopher Lee Thompson
Intrafamily Transfer
related
$108,000 · Grassland Financial Services LLC
Dec 9, 2019
—
Kathleen Thompson
—
Deed
related
$50,000 · Miscellaneous Govt Agcy
Feb 17, 2011
$75,256
Kathleen R Thompson
Shagan,barbara J
Warranty Deed
$75,156 · Barbara J Shagan
Jan 4, 2011
$61,616
Barbara J Shagan
Ford,blake
Trustees Deed
related
—
Mar 27, 2003
$55,000
Adrian S Thompson
Shagan,barbara J
Grant Deed
$54,000 · Barbara J Shagan
Sep 21, 1998
$40,443
Barbara J Shagan
Benson,benniejean H
Grant Deed
—
Feb 17, 1995
$50,000
Benniejean H Benson
—
Grant Deed
related
—
—
—
Kathleen Thompson
—
Deed Of Trust
related
$50,000 · Miscellaneous Govt Agcy
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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