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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Residential income homes
3910 Middlebrook Pike A1 Knoxville, TN 37921-5503
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-3405919
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,447 SF
Lot
8 ac (348,480 SF)
APN
093MA001
UPID
US80-3405919
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
-
Reserve At Third Creek Real Estate Agency
-
Monique's Painting Co. Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.67M
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$4.98M
Owner & transaction history
Lnc Reserve LLC · 2 yrs held
Lnc Reserve LLC
since 2023
Last sale
$4.9M
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
$4,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,975,000
6.5%
$3,670,000
7%
$3,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,625,000
Current use
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $4.92M (Dec 8 2023)
Last sale anchor
$4.92M
Dec 8 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
$204 / 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
$22,928
Tax year 2023
Assessed value
$618,080
Assessed 2023
Previous assessed
$618,080
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$504,000
Improvement market value
$1,041,200
Total market value
$1,545,200
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Units
1
Rooms
20
Bathrooms
6
Total area
24,447 SF
Lot
8 ac (348,480 SF)
APN
093MA001
UPID
US80-3405919
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Units
1
Rooms
20
Bathrooms
6
Lot
8 ac
Current owner
From public records · entity-resolved
Lnc Reserve LLC
Entity
Free & Clear · 2 yrs held
Mailing address
100 LAMAR CYN LN, FRIENDSWOOD, TX 77546-3887
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$4,923,076
Lnc Reserve LLC
Bpi Keystone Partners LLC
Special Warranty Deed
—
Oct 29, 2018
—
Bpi Keystone Partners LLC
Joseph A Fielden
Quit Claim Deed
related
—
Oct 29, 2018
$1,376,000
Bpi Keystone Partners LLC
Joseph A Fielden
Special Warranty Deed
$19,565,000 · Mf1 Capital LLC
Dec 27, 2012
—
Fielden Joseph A 2012 Trust
Fielden,joseph A & Ruth E
Quit Claim Deed
related
—
Sep 1, 2005
$740,000
Joseph A Fielden
Middlebrook Pike Apartments Ll
Grant Deed
—
Nov 23, 2004
$25,000
South Dev Corp
Middlebrook Pike Apartments Ll
Warranty Deed
—
Sep 30, 2004
—
South Dev Corp
Greenbelt Dev LLC
Quit Claim Deed
related
—
Aug 13, 2002
$1,000,000
Greenbelt Development LLC
Church,w D & Kathryn P
Grant Deed
$1,000,000 · Suntrust Bank NA
Feb 21, 2002
$25,000
W D Church
Middlebrook Pike Apts LLC
Grant Deed
—
May 1, 1997
—
Middlebrook Pike Apartment
Middlebrook,pike
Quit Claim Deed
related
—
Nov 28, 1995
—
Edna P Maddox
—
Deed Of Trust
related
—
—
—
Bpi Keystone Partners LLC
—
Deed Of Trust
related
$2,025,000 · Cbre Multifamily Cap
—
—
Middlebrook Pike Apartments
—
Deed Of Trust
related
$71,500 · National Bank Of Newport
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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