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    Property profile & analytics

    535 Locust St Knoxville, TN 37902-2139

    • Residential income homes
    • 28,685 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Aug 12, 2021
    $280,000
    Location Intelligence
    Property ID
    US80-0474542
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PS Design Lab / Office Space Rental Agency
    • Crown Court Condos / Condominium Complex
    • DME Training and Consulting / Consultant

    Property Details for 535 Locust St

    Year built
    1928
    Construction
    CONCRETE
    Lot size
    0.09 lot acres
    Property size
    28,685 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    094LH04401
    APU
    094LH04401

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $290,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $310,000
      Mixed-Use
      $330,000
      Hospitality
      $300,000
      Educational
      $285,000
      Residential Income
      $320,000
      Energy
      $245,000
      Income-Based Land
      $275,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9212
    Latitude
    35.9634
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $258,200
    $1,677,800
    $1,936,000

    Comparable in this City

    • Value Estimation by Request
      1,912 SF

      112 Central St, Unit 3

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,912 SF
      112 Central St, Knoxville, TN 37902-1009
      View Details
    • Value Estimation by Request
      1,605 SF

      707 Market St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,605 SF
      707 Market St, Knoxville, TN 37902-2330
      View Details
    • Value Estimation by Request
      14,928 SF

      615 State St

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,928 SF
      615 State St, Knoxville, TN 37902-1242
      View Details
    • Value Estimation
      $185,000
      950 SF

      707 Market St, Unit 4

      APARTMENT HOUSE (UNDER 5 UNITS) • 950 SF
      707 Market St, Knoxville, TN 37902-2334
      View Details
    • Value Estimation
      $905,000
      3,510 SF

      505 Clinch Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,510 SF
      505 Clinch Ave, Knoxville, TN 37902-2104
      View Details
    • Value Estimation by Request
      1,912 SF

      112 Central St, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,912 SF
      112 Central St, Knoxville, TN 37902-1009
      View Details

    Similar Nearby for Sale

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      Mixed-use property in Knoxville's Market Square with income potential.
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      Prime Retail Location For Sale

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    Similar Nearby for Lease

    • $32 SF/Yr
      3,600 SF

      Downtown Retail/Restaurant/Office Space

      3,600 SF retail/restaurant/office space in downtown Knoxville.
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      Downtown Knoxville Restaurant Space Available

      Restaurant space available in downtown Knoxville with high visibility.
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      View Details
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      7,129 SF

      Class A Office Space Available

      Rare opportunity to lease Class A office space.
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      View Details
    • $32 SF/Yr
      18,000 SF

      Retail Space Near Interstate Access

      Retail space with easy access to I-40 and I-70.
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    • $32 SF/Yr
      6,250 SF

      Historic Ice Factory Performing Arts

      Historic building in Old City available for lease in 2026.
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      View Details
    • $5,000 /Mo
      6,800 SF

      Downtown Knoxville Corner Office Building

      Two-story office building suitable for professional, retail, or creative workspace.
      100 W Summit Hill Dr, Knoxville, TN 37902
      View Details
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    535 Locust St
    Knoxville, TN 37902-2139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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