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Property profile & analytics
OFF-MARKET
Estimated value
$12,620,000
Parking lots & garages
8551 Kingston Pike Knoxville, TN 37919-5354
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1448979
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1973
Construction
LIGHT FRAME
Total area
38,641 SF
Lot
8.69 ac (378,536 SF)
APN
119LB00101
UPID
US80-1448979
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
-
Ted Russell Ford Service Car Rental Facility
-
Ted Russell Lincoln Parts Auto Parts Store
-
Ted Russell Lincoln Car Dealership
-
Ted Russell Ford Parts Car Rental Facility
-
Robert Martin, Sales Consultant - Ted Russell Ford, Kingston Pike Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.62M
Blend (final)
Blend
$12.62M
Owner & transaction history
Russell Properties LLC · 13 yrs held
Russell Properties LLC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.1M
+124.1%
Apartment house (5+ units)
$11.4M
+58.8%
Neighborhood: shopping center
$9.5M
+31.6%
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
RESTAURANT
$16,110,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,410,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,460,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$7,830,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$12.62M
Range $11.36M – $13.88M · ±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
$327 / 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
$102,765
Tax year 2023
Assessed value
$2,770,240
Assessed 2023
Previous assessed
$2,770,240
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$2,267,600
Improvement market value
$4,658,000
Total market value
$6,925,600
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1973
Construction
LIGHT FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
1
Total area
38,641 SF
Lot
8.69 ac (378,536 SF)
APN
119LB00101
UPID
US80-1448979
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
RESTAURANT
Est. value
$16.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$7.8M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1973
Construction
LIGHT FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
8.69 ac
Current owner
From public records · entity-resolved
Russell Properties LLC
Entity
Free & Clear · 13 yrs held
Mailing address
7021 MAYFLOWER CIR, BRENTWOOD, TN 37027-6908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2012
—
Russell Properties LLC
Russell,theodore W & Drama G
Quit Claim Deed
related
—
Dec 29, 1995
—
D &,h LLC
—
Deed Of Trust
related
—
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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