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Property profile & analytics
FOR LEASE
Strip malls
402 N Cedar Bluff Rd Knoxville, TN 37923
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-1057962
For Lease
1 / 2
$25 SF/Yr
402 N Cedar Bluff Rd, Knoxville, TN 37923
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
FRAME
Total area
8,514 SF
Lot
1.02 ac (44,431 SF)
APN
119 019
UPID
US80-1057962
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
-
Mama’s CBD LLC Specialty Food Shop
-
Papa John's Pizza Restaurant
-
Cedar Bluff Coin Laundry (Bike/Boat/Book/etc) Store
-
Lab Express Ltd Medical Clinic
-
Christy Cj Pace- Broker, Pace Probity Asset Management Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Mary S Mills · 2 yrs held
Mary S Mills
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+5.3%
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
$1,565,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,640,000
Current use
MEDICAL BUILDING
$1,725,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,360,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.56M (Apr 22 2024)
Last sale anchor
$1.56M
Apr 22 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
$184 / 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
$12,875
Tax year 2023
Assessed value
$828,520
Assessed 2023
Previous assessed
$828,520
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$1,003,000
Improvement market value
$1,068,300
Total market value
$2,071,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1982
Construction
FRAME
Heating
STEAM
Stories
1
Units
1
Total area
8,514 SF
Lot
1.02 ac (44,431 SF)
APN
119 019
UPID
US80-1057962
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1982
Construction
FRAME
Heating
STEAM
Stories
1
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Mary S Mills
Individual
Free & Clear · 2 yrs held
Mailing address
2780 WALLER FRY RD, LENOIR CITY, TN 37771-7437
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
—
Mary S Mills
—
Deed
related
$925,000 · Firstbank Holding Company
Apr 22, 2024
—
Mary S Mills
Thomas R Mills
Intrafamily Transfer
related
—
Mar 28, 2024
—
Thomas R Mills
Thomas R Mills
Intrafamily Transfer
related
—
Feb 4, 2020
—
Thomas R Mills
—
Deed
related
$1,600,000 · Firstbank
Jul 1, 2011
$1,564,760
Thomas R Mills
Shin,kevin
Warranty Deed
$1,317,500 · First National Bank
Apr 21, 2008
$1,750,000
Kevin Shin
Masingill,maxine B
Warranty Deed
$1,400,000 · Tennessee State Bank
Dec 29, 2006
—
Maxine B Masingill
Masingill,a C JR
Quit Claim Deed
—
Dec 27, 1996
—
Ronnie B Mashburn
Cedar,bluff Reta
Grant Deed
$89,500 · Judges Investment Group LLC
Dec 26, 1996
—
A C Masingill JR.
—
Deed Of Trust
related
—
—
—
Cedar Bluff Retail Center
—
Deed Of Trust
related
$150,000 · Union Planters National Bank
—
—
Thomas R Mills
—
Deed Of Trust
related
$1,600,000 · Firstbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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