Entity Owned 
For Sale
1 / 44
$56,615,000
900 S Gay St, Knoxville, TN 37902
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Property summary
AI-generated overview
Riverview Tower, together with the Riverview Parking Garage, is a Class A commercial property located in Downtown Knoxville, Tennessee. Riverview Tower is an office building characterized by floor-to-ceiling glass and a corporate office environment, with an architectural design intended to provide extensive natural light and panoramic views. The downtown area surrounding the property is developed with a mix of office, residential, retail, hospitality, and civic uses, and includes proximity to the University of Tennessee. The property is supported by on-site professional property management and a long-term leasing footprint, with many long-tenured occupants, and it includes an attached or nearby parking garage as part of the overall development.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1981
Construction
STEEL FRAME
Total area
173,382 SF
Lot
1.23 ac (53,579 SF)
APN
095ID006
UPID
US80-3486200
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Insurance Agency
-
Loan Service Bank
-
Law Firm
-
Law Firm Child Welfare Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$56.62M
Blend (final)
Blend
$56.62M
Owner & transaction history
since 2026
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$72.3M
+124.1%
Apartment house (5+ units)
$67.3M
+108.6%
Medical building
$35.1M
+9.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$56.62M
Value range
$50.95M – $62.28M
±10% around blend
Estimated value / SF
$327 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$50.95M
blend $56.62M
$62.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
173,382 SF
Lot area
1.23 ac
Year built
1981
Stories
7
APN
095ID006
Assessed value
$13,560,240
Annual tax
$546,423
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$546,423
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$56.62M
Range $10.23M – $56.62M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$56.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 30 sales
$186
+76%
County 31 sales
$183
+79%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $327/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+124%
vs current-use indication
Apartment House (5+ Units)
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$63.16M
Move the market yield to see immediate price impact.
Value / SF
$364
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.98M
$79.59M
$56.85M
$44.21M
$4.42M
$88.43M
$63.16M
$49.13M
$4.86M
$97.27M
$69.48M
$54.04M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$546,423
Tax year 2023
Assessed value
$13,560,240
Assessed 2023
Previous assessed
$13,560,240
+0.0% YoY
Effective rate
4.03%
On assessed value
Land market value
$2,946,800
Improvement market value
$30,953,800
Total market value
$33,900,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Sale
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
7
Units
1
Total area
173,382 SF
Lot
1.23 ac (53,579 SF)
APN
095ID006
UPID
US80-3486200
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
7
Buildings
2
Units
1
Lot
1.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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