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Property profile & analytics
OFF-MARKET
Estimated value
$8,350,000
Hotels
5418 Pratt Rd Knoxville, TN 37912-2707
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2960256
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
LIGHT FRAME
Total area
48,957 SF
Lot
4.9 ac (213,444 SF)
APN
068EC02601
UPID
US80-2960256
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
-
Tru By Hilton Knoxville North I 75 Hotel & Motel
-
Lebn Rebick Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.35M
Blend (final)
Blend
$8.35M
Owner & transaction history
Merchant Square Town Ctr LLC · 8 yrs held
Merchant Square Town Ctr LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.9M
+53.0%
Neighborhood: shopping center
$9.4M
+45.4%
Apartment house (5+ units)
$7.9M
+21.2%
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
HOTEL/MOTEL
$6,485,000
Current use
MEDICAL BUILDING
$9,925,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,430,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,860,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,825,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$6,540,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.35M
Range $7.52M – $9.19M · ±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
$171 / 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
$124,446
Tax year 2023
Assessed value
$3,354,720
Assessed 2023
Previous assessed
$3,354,720
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$820,000
Improvement market value
$7,566,800
Total market value
$8,386,800
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
2019
Construction
LIGHT FRAME
Heating
STEAM
Stories
4
Units
1
Total area
48,957 SF
Lot
4.9 ac (213,444 SF)
APN
068EC02601
UPID
US80-2960256
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
HOTEL/MOTEL Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$9.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RETAIL STORES
Est. value
$6.5M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2019
Construction
LIGHT FRAME
Heating
STEAM
Stories
4
Units
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Merchant Square Town Ctr LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5477 PRATT RD, KNOXVILLE, TN 37912-2708
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
—
Merchant Square Town Ctr LLC
—
Deed
related
$3,601,000 · Areawide Development Corporation
Mar 23, 2018
—
Merchant Square Town Ctr LLC
Pratt Partners LLC
Correction Deed
related
—
Mar 3, 2017
—
Merchant Sq Town Center LLC
Pratt Partners LLC
Quit Claim Deed
related
—
Dec 30, 2015
$80,000
Pratt Partners LLC
Crcc LLC
Warranty Deed
—
Jul 10, 2012
—
Crcc LLC
Norton,greg
Quit Claim Deed
related
—
Nov 30, 2010
—
Homesales INC
Chase Hm Fin LLC
Quit Claim Deed
—
Nov 30, 2010
$27,000
Norton,greg
Homesales INC
Grant Deed
—
Oct 7, 2010
$35,425
Chase Hm Fin LLC
Wallace,shellie
Trustees Deed
related
—
—
—
Merchant Square Town Ctr LLC
—
Deed Of Trust
related
$3,601,000 · Areawide Development Corporation
—
—
Crcc LLC
—
Deed Of Trust
related
$467,840 · First Century Bk
—
—
Merchant Square Town Ctr LLC
—
Deed Of Trust
related
$5,013,191 · Community Tr 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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