Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Retail space
8031 Lamar Alexander Pkwy Townsend, TN 37882-4034
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2172013
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,996 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B-1
APN
005097 10602
UPID
US80-2172013
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
-
UPS Authorized Shipping Provider Courier Service Postal Service
-
Elder's Ace Hardware of Townsend LLC Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.61M
Owner & transaction history
Glenn Knox Properties LLC · 1 yrs held
Glenn Knox Properties LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B-1 · Townsend, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+91.6%
Medical building
$2.0M
+66.9%
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 Townsend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Townsend 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
$2,155,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,215,000
Current use
COMMERCIAL (GENERAL)
$2,325,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$2,025,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,170,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.58M (Mar 8 2022)
Last sale anchor
$1.58M
Mar 8 2022
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
$161 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,858
Tax year 2022
Assessed value
$579,920
Assessed 2023
Previous assessed
$520,560
+11.4% YoY
Effective rate
2.22%
On assessed value
Assessed land
$187,120
Assessed improvement
$392,800
Land market value
$467,800
Improvement market value
$982,000
Total market value
$1,449,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
3
Total area
9,996 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B-1
APN
005097 10602
UPID
US80-2172013
Jurisdiction
BLOUNT
Zoning & alternative use
B-1 · Townsend, TN
Zoning B-1 · permitted uses
B-1 · Townsend, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Townsend. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
3
Lot
3.34 ac
Current owner
From public records · entity-resolved
Glenn Knox Properties LLC
Entity
Mailing address
4921 PO BOX 51143, KNOXVILLE, TN 37950-1143
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Glenn Knox Properties LLC
—
Deed
related
$1,485,000 · First Horizon
Jul 25, 2024
$1,650,000
Glenn Knox Properties LLC
Gsw Properties LLC
Warranty Deed
—
Mar 8, 2022
$1,575,000
Gsw Properties LLC
Vigil & Wheeler LLC
Warranty Deed
—
Sep 23, 2016
—
Prlap INC
—
Deed
related
$650,000 · Bank Of America
Aug 12, 2011
$775,000
Vigil & Wheeler LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 28, 2009
$1,355,000
Branch Bkng & Trust Co
Owner Name Unavailable
Warranty Deed
related
—
May 24, 2005
—
Townsend LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Prlap INC
—
Deed Of Trust
related
$650,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8031 Lamar Alexander Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
