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Property profile & analytics
OFF-MARKET
Estimated value
$8,770,000
Medical Office Space
8033 Ray Mears Blvd Knoxville, TN 37919-5458
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-3471010
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,100 SF
Lot
2.78 ac (121,097 SF)
APN
120JA00301
UPID
US80-3471010
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
-
Taylor Kay Physician
-
Alyssa Luigart Musser Pediatrician Physician
-
Presentation Philomina MD Physician
-
Wells Karen J MD Physician
-
Williams Robert D MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.77M
Blend (final)
Blend
$8.77M
Owner & transaction history
Elman Knoxville Associates LP · 11 yrs held
Elman Knoxville Associates LP
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$8.77M
Range $7.89M – $9.65M · ±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
$120 / 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
$119,866
Tax year 2023
Assessed value
$3,231,240
Assessed 2023
Previous assessed
$3,231,240
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,084,800
Improvement market value
$6,993,300
Total market value
$8,078,100
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Units
1
Total area
73,100 SF
Lot
2.78 ac (121,097 SF)
APN
120JA00301
UPID
US80-3471010
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
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Units
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Elman Knoxville Associates LP
Entity
Free & Clear · 11 yrs held
Mailing address
4257 10TH W CARVER ST, HUNTINGTON, NY 11743
Ownership since
2015
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
Aug 7, 2019
—
Elman Knoxville Associates LP
—
Grant Deed
related
$15,000,000 · Israel Discount Bk/ny
Jan 29, 2015
—
Elman Knoxville Associates LP
Design One Building Systems In
Quit Claim Deed
related
—
Sep 3, 2014
$20,100,000
Elman Knoxville Associates LP
Davin,kenneth R
Grant Deed
—
Sep 3, 2014
—
Elman Knoxville Associates LP
Design One INC
Quit Claim Deed
related
$15,075,000 · Ubs R/e Secs INC
Sep 30, 2009
—
Kenneth R Davin
—
Trustees Deed
related
$2,300,000 · Bankeast
Jun 25, 2009
—
Kenneth R Davin
—
Trustees Deed
related
$450,000 · Bankeast
Aug 9, 2007
$200,000
Kenneth R Davin
Thornton,john B III
Grant Deed
—
Sep 7, 2006
—
Chris A Dantin
—
Trustees Deed
related
$500,000 · Regions Bank
Feb 17, 2006
$1,800,000
Kenneth R Davin
Schwartzman,everett H & Beatrice H
Warranty Deed
$2,000,000 · Regions Bank
—
—
Kenneth R Davin
—
Deed Of Trust
related
$452,500 · Bankeast
—
—
Kenneth R Davin
—
Deed Of Trust
related
$452,500 · Bankeast
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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