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Property profile & analytics
FOR LEASE
Banks
9950 Kingston Pike Knoxville, TN 37922
Entity Owned
Free & Clear
Property ID
US80-0684061
For Lease
1 / 2
Contact for pricing
9950 Kingston Pike, Knoxville, TN 37922
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1995
Construction
LIGHT FRAME
Total area
46,530 SF
Lot
2.7 ac (117,612 SF)
APN
131LB001
UPID
US80-0684061
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
-
SunTrust Mortgage Loan Service
-
Truist Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
-
SunTrust ATM Atm
-
Mountain Commerce Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.17M
Blend (final)
Blend
$8.49M
Owner & transaction history
Volunteer State Tn Rentals LLC
Volunteer State Tn Rentals LLC
since 2025
Last sale
$8.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.4M
+1.6%
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
$8,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$9,280,000
Current use
MEDICAL BUILDING
$9,430,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,960,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,440,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.49M
Range $7.64M – $9.33M · ±10% · vs last sale $8.56M (Aug 3 2022)
Last sale anchor
$8.56M
Aug 3 2022
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
$182 / 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
$69,304
Tax year 2023
Assessed value
$3,215,080
Assessed 2023
Previous assessed
$3,215,080
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$2,292,000
Improvement market value
$5,745,700
Total market value
$8,037,700
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1995
Construction
LIGHT FRAME
Heating
YES
Stories
3
Units
1
Total area
46,530 SF
Lot
2.7 ac (117,612 SF)
APN
131LB001
UPID
US80-0684061
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
FINANCIAL BUILDING Current
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$7.4M
FINANCIAL BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1995
Construction
LIGHT FRAME
Heating
YES
Stories
3
Units
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Volunteer State Tn Rentals LLC
Entity
Free & Clear · 0 yrs held
Mailing address
121 BOONE RDG DR STE #2002, JOHNSON CITY, TN 37615-4994
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Volunteer State Tn Rentals LLC
James W Luby
Quitclaim Deed
related
—
Aug 3, 2022
$8,555,000
Mountain Commerce Bank
Lemonade Mm Knoxville Center LLC
Special Warranty Deed
—
Jul 29, 2022
$6,900,800
Lemonade Mm Knoxville Center LLC
Truist Bank
Special Warranty Deed
—
May 4, 2005
—
Carter Mill Homes LLC
Landview LLC
Quit Claim Deed
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.
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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