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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Casinos
9215 Middlebrook Pike Knoxville, TN 37931-4737
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US80-0199625
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1999
Construction
WOOD FRAME
Total area
4,800 SF
APN
105 095
UPID
US80-0199625
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
-
Elizabeth A Cox Phd Counselor
-
Cindy Fugatt, LCSW Psychotherapist
-
Scott Enloe: Allstate Insurance Insurance Agency
-
Karen Teske: Allstate Insurance Insurance Agency
-
McClanahan & Winston, P.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$615k
Owner & transaction history
Michael T Bailey · 14 yrs held
Michael T Bailey
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$975,000
+36.6%
Neighborhood: shopping center
$925,000
+29.8%
Auto repair, garage
$765,000
+7.7%
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
CASINO
$710,000
Current use
MEDICAL BUILDING
$975,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$640,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$128 / 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
$3,725
Tax year 2023
Assessed value
$239,720
Assessed 2023
Previous assessed
$239,720
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$372,600
Improvement market value
$226,700
Total market value
$599,300
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
STEAM
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
4,800 SF
APN
105 095
UPID
US80-0199625
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
CASINO Current
Est. value
$710,000
MEDICAL BUILDING
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$765,000
RETAIL STORES
Est. value
$640,000
CASINO Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1999
Construction
WOOD FRAME
Heating
STEAM
Stories
1
Units
1
Rooms
5
Bathrooms
1
Current owner
From public records · entity-resolved
Michael T Bailey
Individual
Mailing address
PO BOX 50186, KNOXVILLE, TN 37950-0186
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2011
$446,500
Michael T Bailey
Rhodes,michael C & Kathy
Warranty Deed
—
Aug 4, 1999
—
Michael C Rhodes
Bailey Insurance Service
Quit Claim Deed
related
—
Aug 30, 1996
$84,500
Bailey Insurance Service
Bailey,insurance
Grant Deed
related
—
—
—
Michael T Bailey
—
Deed Of Trust
related
$348,800 · American Fidelity Bank
—
—
Michael C Rhodes
—
Deed Of Trust
related
$450,000 · Gail Caudle
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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