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Property profile & analytics
OFF-MARKET
Estimated value
$3,035,000
Medical Office Space
550 Town Crk E Rd Lenoir City, TN 37772-6289
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0910456
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
FRAME
Total area
16,178 SF
Lot
2.11 ac (91,912 SF)
Zoning code
C-3
APN
053015 08100
UPID
US80-0910456
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
-
Tennessee Urology Associates PLLC: Freeman Coy MD Physician Medical Clinic
-
Garren Michael Petree Dental Office
-
Dr. Jason Kennedy Dental Office
-
Teena Hedrick Physician
-
Dr. Garren Petree Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$3.04M
Owner & transaction history
Southeast Surgical Properties II Gp · 5 yrs held
Southeast Surgical Properties II Gp
since 2021
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
C-3 · Lenoir City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+21.7%
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 Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City 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
$3,105,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
$3,430,000
6.5%
$3,165,000
7%
$2,940,000
Alternative Use
Use
Estimation
RESTAURANT
$1,940,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±10% · vs last sale $3.00M (Apr 28 2021)
Last sale anchor
$3.00M
Apr 28 2021
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
$188 / 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
Property tax & assessments
Assessed value
$1,254,120
Assessed 2023
Previous assessed
$1,254,120
+0.0% YoY
Assessed land
$270,640
Assessed improvement
$983,480
Land market value
$676,600
Improvement market value
$2,458,700
Total market value
$3,135,300
Applied tax rate
53.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
16,178 SF
Lot
2.11 ac (91,912 SF)
Zoning code
C-3
APN
053015 08100
UPID
US80-0910456
Jurisdiction
LOUDON
Zoning & alternative use
C-3 · Lenoir City, TN
Zoning C-3 · permitted uses
C-3 · Lenoir City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenoir City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.9M
RESTAURANT
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
2010
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
8
Bathrooms
2
Lot
2.11 ac
Current owner
From public records · entity-resolved
Southeast Surgical Properties II Gp
Entity
Mailing address
8907 LINKSVUE DR, KNOXVILLE, TN 37922-5254
Ownership since
2021
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
Aug 4, 2021
—
Southeast Surgical Properties II Gp
—
Deed
related
$454,000 · First Century Bank
Apr 28, 2021
$3,000,000
Southeast Surgical Properties II Gp
Medsouth Lenoir City LLC
Special Warranty Deed
$2,550,000 · First Century Bank
Mar 24, 2017
$3,150,000
Medsouth Lenoir City LLC
Town Creek Properties Gp
Warranty Deed
$2,205,000 · First National Bank Of Pennsylvania
Oct 21, 2008
—
Town Creek Properties Gp
Uck Properties LLC
Quit Claim Deed
related
$390,000 · First Citizens Bank & Trust Co
Jul 17, 2008
—
Town Creek Properties Gp
Uck Properties LLC
Quit Claim Deed
related
$3,730,000 · First Citizens Bank & Trust Co
Feb 2, 2005
$550,000
Uck Properties LLC
White,james R
Warranty Deed
—
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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