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Property profile & analytics
OFF-MARKET
Estimated value
$18,705,000
Community centers
7240 Kingston Pike Knoxville, TN 37919-5678
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0189766
Property summary
AI-generated overview
The Gallery, a prominent 100,423 square foot retail strip center in West Knoxville, presents a unique investment opportunity. Built in 1984 and situated on a 9.52-acre lot, this established center boasts 491 parking spaces, ensuring ample convenience for shoppers and tenants. Currently, three retail spaces are available, ranging from 2,902 to 3,048 square feet, ideal for a variety of businesses. The property is zoned C-H-2 and its APN is 120FB-007, located in Knox County. For over 30 years, The Gallery has thrived as a popular open-air shopping destination on Kingston Pike, Knoxville's busiest road. Its diverse tenant mix includes three restaurants, a major furniture store, specialty women's boutiques, and a sporting goods retailer, creating a strong and established customer base. This consistent high foot traffic, coupled with the center's prime location and ample parking, makes The Gallery an attractive investment prospect with significant long-term potential. The existing 26 stores demonstrate the enduring appeal and success of this well-established retail center.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
LIGHT FRAME
Total area
94,307 SF
Lot
9.52 ac (414,691 SF)
APN
120FB007
UPID
US80-0189766
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
-
Amanda Carden-Mckinley Physician
-
The Gallery of Knoxville Shopping Center & Mall
-
Gregory Defilippo Physician
-
Kristi Granger Physician
-
Dr. Victoria Baker Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.70M
Blend (final)
Blend
$18.71M
Owner & transaction history
Gallery Of Knoxville LP · 27 yrs held
Gallery Of Knoxville LP
since 1999
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$27.9M
+20.6%
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
$23,090,000
Current use
APARTMENT HOUSE (5+ UNITS)
$27,855,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$19,115,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$18.71M
Range $16.83M – $20.58M · ±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
$198 / 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
$177,887
Tax year 2023
Assessed value
$4,795,320
Assessed 2023
Previous assessed
$4,795,320
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$2,907,100
Improvement market value
$9,081,200
Total market value
$11,988,300
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
1984
Construction
LIGHT FRAME
Heating
STEAM
Cooling
YES
Stories
1
Units
1
Total area
94,307 SF
Lot
9.52 ac (414,691 SF)
APN
120FB007
UPID
US80-0189766
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
$23.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.9M
MEDICAL BUILDING
Est. value
$19.1M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1984
Construction
LIGHT FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Units
1
Lot
9.52 ac
Current owner
From public records · entity-resolved
Gallery Of Knoxville LP
Entity
Mailing address
1225 E WEISGARBER RD STE #390, KNOXVILLE, TN 37909-2695
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 1999
$9,300,000
Gallery Of Knoxville LP
Us Realty Partners LP
Grant Deed
$7,650,000 · Community Trust Bank NA
—
—
Gallery Of Knoxville Ptshp
—
Deed Of Trust
related
$8,750,000 · Principal Commercial Funding
—
—
Gallery Of Knoxville LLC
—
Deed Of Trust
related
$11,000,000 · Miscellaneous Ins Co
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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