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Property profile & analytics
OFF-MARKET
Estimated value
$9,245,000
Community centers
4512 Chapman Hwy Knoxville, TN 37920-4359
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-1079309
Property summary
AI-generated overview
This exceptional 78,968 square foot medical office building, situated at 4512 Chapman Hwy, Knoxville, TN 37920, presents a unique investment opportunity. The single-story building, renovated in 2017, sits on 8.49 acres of land and features multiple tenancies. Currently, there are four available suites, with one suite measuring 2,415 square feet. The property boasts a prime location with high traffic counts and direct access to Chapman Highway, offering incredible visibility. Ample parking is available for tenants and visitors. The C-G-3 zoning allows for a variety of medical and health-related uses. This well-maintained center benefits from strong anchor tenants including Baptist Eye Surgeons, Southeastern Retina Associates, Planet Fitness, and Big Lots, ensuring a thriving and established commercial environment. The property's address is further identified by its cross street, Woodlawn Pk., and its APN is 123BB003. This is an ideal location for medical practices, health and wellness businesses, or a fast-casual cafe. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Construction
WOOD
Total area
78,968 SF
Lot
8.46 ac (368,518 SF)
APN
123BB003
UPID
US80-1079309
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
-
BenchMark Physical Therapy Physician
-
Sandra Mckinley Physician
-
Nicholas Refka Physician
-
Amanda Kiso Physician
-
Kelsey Crabdree Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.24M
Blend (final)
Blend
$9.25M
Owner & transaction history
Chapman Commons LLC · 9 yrs held
Chapman Commons LLC
since 2017
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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,205,000
Current use
AUTO REPAIR, GARAGE
$12,625,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$9.25M
Range $8.32M – $10.17M · ±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
$117 / 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
$62,863
Tax year 2023
Assessed value
$2,916,280
Assessed 2023
Previous assessed
$2,916,280
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$1,460,900
Improvement market value
$5,829,800
Total market value
$7,290,700
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
STEAM
Stories
1
Units
1
Total area
78,968 SF
Lot
8.46 ac (368,518 SF)
APN
123BB003
UPID
US80-1079309
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
$15.2M
AUTO REPAIR, GARAGE
Est. value
$12.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
WOOD
Heating
STEAM
Stories
1
Units
1
Lot
8.46 ac
Current owner
From public records · entity-resolved
Chapman Commons LLC
Entity
Mailing address
425 7TH ST NE, CHARLOTTESVILLE, VA 22902-4723
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2017
$5,000,000
Chapman Commons LLC
Maszera Co LLC
Trustees Deed
$6,420,000 · First Tn Bk
Mar 15, 2017
—
Chapman Commons LLC
Maszera Co LLC
Quit Claim Deed
related
—
Apr 24, 2006
—
Maszera Co LLC
Carpathian Dev LLC
Quit Claim Deed
related
$1,185,957 · Regions Bank
May 10, 2005
$5,320,000
Carpathian Dev LLC
Cc Realty Intermediate Fund I
Grant Deed
$1,200,000 · Regions Bank
Jun 1, 2001
$3,500,000
Cc Realty Intermediate Fund
Arc,knoxville
Grant Deed
related
$2,900,000 · Union Planters National Bank
Apr 28, 1997
$2,350,000
Arc,knoxville LLC
—
Grant Deed
related
—
—
—
Maszera Co LLC
—
Deed Of Trust
related
$400,000 · Peoples Bk
—
—
Maszera Co LLC
—
Deed Of Trust
related
$1,000,000 · Peoples Bank & Trust
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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