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Property profile & analytics
OFF-MARKET
Estimated value
$26,855,000
Hotels
501 Hl Ave Knoxville, TN 37915-2516
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0184675
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Construction
WOOD
Total area
547,722 SF
Lot
7.51 ac (327,136 SF)
APN
095IC00301
UPID
US80-0184675
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
-
J&A Market LLC Grocery & Convenience Store
-
501 E. Hill Avenue Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.75M
Blend (final)
Blend
$26.86M
Owner & transaction history
Melrose Knoxville LLC · 5 yrs held
Melrose Knoxville LLC
since 2020
Last sale
$16.8M
6 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
$18,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.86M
Range $24.17M – $29.54M · ±10% · vs last sale $16.80M (Oct 5 2020)
Last sale anchor
$16.80M
Oct 5 2020
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
$49 / 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
$304,681
Tax year 2023
Assessed value
$7,561,080
Assessed 2023
Previous assessed
$7,561,080
+0.0% YoY
Effective rate
4.03%
On assessed value
Land market value
$1,423,900
Improvement market value
$17,478,800
Total market value
$18,902,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
STEAM
Cooling
YES
Stories
12
Units
1
Total area
547,722 SF
Lot
7.51 ac (327,136 SF)
APN
095IC00301
UPID
US80-0184675
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
1975
Construction
WOOD
Heating
STEAM
Cooling
Yes
Stories
12
Units
1
Lot
7.51 ac
Current owner
From public records · entity-resolved
Melrose Knoxville LLC
Entity
Mailing address
9420 WILSHIRE BLVD STE #400, BEVERLY HILLS, CA 90212-3151
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2021
—
Melrose Knoxville LLC
—
Deed
related
$19,527,748 · Bank Of America NA
Oct 5, 2020
$16,800,000
Melrose Knoxville LLC
Bsprt Knox Owner LLC
Grant Deed
—
Apr 2, 2020
$8,300,000
Bsprt Knox Owner LLC
Baxter John T|arkansas Knoxville Hotel LP
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 20, 2018
—
Arkansas Knoxville Hotel LP
—
Grant Deed
related
$19,975,000 · Benefit Street Ptrs Realty Ope
Sep 5, 2017
$21,786,121
Arkansas Knoxville Hotel LP
Columbia Properties Knoxville LLC
Trustees Deed
related
$6,100,000 · Southern Bancorp Bank
Dec 11, 1997
—
State Of Tennessee
—
Deed Of Trust
related
—
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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