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Property profile & analytics
OFF-MARKET
Estimated value
$15,250,000
Parking lots & garages
4301 Clinton Hwy, Knoxville, TN 37912-5625
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1965877
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1965
Construction
LIGHT FRAME
Total area
52,191 SF
Lot
11.98 ac (521,849 SF)
APN
081AA021
UPID
US80-1965877
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
-
Reeder Chevrolet Parts Auto Parts Store
-
Reeder Truck and RV Center Auto Repair Shop
-
Reeder Chevrolet Car Dealership Auto Repair Shop
-
CARSTAR Reeder Collision Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.03M
Blend (final)
Blend
$15.25M
Owner & transaction history
Doherty Holdings Forty Seventh LLC · 2 yrs held
Doherty Holdings Forty Seventh LLC
since 2024
Last sale
$15.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.8M
+124.1%
Medical building
$10.6M
+9.0%
Neighborhood: shopping center
$10.1M
+3.5%
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
$15,250,000
ML approach
$15,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$9,710,000
Current use
RESTAURANT
$21,760,000
Change: +124% · Conversion: Difficult
MEDICAL BUILDING
$10,580,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,050,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$15.25M
Range $13.73M – $16.78M · ±10% · vs last sale $15.25M (Apr 9 2024)
Last sale anchor
$15.25M
Apr 9 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
$292 / 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
$96,733
Tax year 2023
Assessed value
$2,607,640
Assessed 2023
Previous assessed
$2,607,640
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,689,900
Improvement market value
$4,829,200
Total market value
$6,519,100
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1965
Construction
LIGHT FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
1
Total area
52,191 SF
Lot
11.98 ac (521,849 SF)
APN
081AA021
UPID
US80-1965877
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
PARKING LOT Current
Est. value
$9.7M
RESTAURANT
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
PARKING LOT Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Construction
LIGHT FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
11.98 ac
Current owner
From public records · entity-resolved
Doherty Holdings Forty Seventh LLC
Entity
Mailing address
2925 MALL HL DR, LAKELAND, FL 33810-6716
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
$15,250,000
Doherty Holdings Forty Seventh LLC
Quinlan Motors LLC
Special Warranty Deed
$12,962,500 · Toyota Motor Credit Corp
Oct 6, 2004
$7,500,000
Quinlan Motors LLC
R & S Ents LLC
Warranty Deed
$9,950,000 · Falcon Financial Inves Tr (tr)
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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