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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Casinos
406 Lovell Rd Knoxville, TN 37934-1909
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-2985148
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1989
Total area
7,950 SF
Lot
0.31 ac (13,400 SF)
APN
131 05802
UPID
US80-2985148
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
-
Granite Depot of Turkey Creek Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.21M
Owner & transaction history
Lovell Pointe LLC · 8 yrs held
Lovell Pointe LLC
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
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
$152 / 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
Assessed value
$389,040
Assessed 2023
Previous assessed
$389,040
+0.0% YoY
Land market value
$322,000
Improvement market value
$650,600
Total market value
$972,600
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
1989
Heating
STEAM
Stories
2
Units
1
Total area
7,950 SF
Lot
0.31 ac (13,400 SF)
APN
131 05802
UPID
US80-2985148
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
1989
Heating
STEAM
Stories
2
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Lovell Pointe LLC
Entity
Free & Clear · 8 yrs held
Mailing address
935 BLACKSTONE DR, KNOXVILLE, TN 37934-6908
Ownership since
2018
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
Mar 14, 2018
$12,500
Lovell Pointe LLC
Next Gen 1 LLC
Warranty Deed
—
May 18, 2017
—
Next Gen 1 LLC
Next Gen 2 LLC
Quit Claim Deed
related
—
Jun 3, 2016
—
Thomas G Johnson III
Johnson,john T
Quit Claim Deed
related
—
Jul 10, 2013
—
John T Johnson
Johnson John T Family Trust
Quit Claim Deed
related
—
Jul 5, 2013
—
Johnson,thomas G JR Trust
Johnson Thomas G JR Trust
Quit Claim Deed
related
—
Jul 30, 2012
—
Johnson,thomas G III Family Trust
Johnson,jacqueline S
Quit Claim Deed
related
—
Apr 26, 2012
—
Johnson,thomas G JR T Trust
Johnson Thomas G JR Trust
Quit Claim Deed
related
—
Mar 25, 2008
—
Johnson,thomas G JR & Jacqueline S
Johnson Investment Co
Quit Claim Deed
related
—
—
—
Thomas G Johnson III
—
Deed Of Trust
related
$1,500,000 · Regions Bk
—
—
Thomas G Johnson III
—
Deed Of Trust
related
$4,000,000 · Regions 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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