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Property profile & analytics
FOR SALE
Parking lots & garages
900 S Gay St, Knoxville, TN 37902
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-3486200
For Sale
1 / 44
Contact for pricing
900 S Gay St, Knoxville, TN 37902
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alcoa Inc. Industrial Manufacturer Production Facility
-
SunTrust Insurance Agency
-
iDirect Home Loans Loan Service Bank
-
Matlock Richard S Law Firm
-
Law Offices of LaFevor & Slaughter Law Firm Child Welfare Organization
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
Apex Bank
Apex Bank
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$72.3M
+124.1%
Apartment house (5+ units)
$67.3M
+108.6%
Medical building
$35.1M
+9.0%
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
$72,285,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$67,275,000
Change: +109% · Conversion: Difficult
MEDICAL BUILDING
$35,145,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$56.62M
Range $50.95M – $62.28M · ±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
$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
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 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
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
$72.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$67.3M
MEDICAL BUILDING
Est. value
$35.1M
RESTAURANT
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
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
7
Buildings
2
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Apex Bank
Entity
Free & Clear · 0 yrs held
Mailing address
21860 BURBANK BLVD STE #300, WOODLAND HILLS, CA 91367-6493
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 7, 2026
$44,170,000
Apex Bank
Hertz Knoxville One LLC
Special Warranty Deed
—
Apr 7, 2026
—
Apex Bank
Hertz Knoxville One LLC
Quitclaim Deed
—
Jun 28, 2023
—
Hertz Knoxville One LLC
—
Deed
related
$27,600,000 · Bank Of Montreal
May 29, 2013
—
Hertz Knoxville One LLC
Behringer Harvard Riverview Ll
Quit Claim Deed
related
$21,000,000 · J P Morgan Chase Bank
May 29, 2013
$24,250,000
Hertz Knoxville One LLC
Behringer Harvard Riverview Ll
Grant Deed
—
Oct 5, 2005
$41,000,000
Behringer Harvard Riverview Ll
Hpw Family Ptshp LLC
Grant Deed
—
Jan 2, 2001
—
Jpw Family Partnership LLC
Knoxville City (tn)
Quit Claim Deed
$18,500,000 · Suntrust Bank NA
—
—
Parkside Partners LLC
—
Deed Of Trust
related
$4,350,000 · 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?”
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