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    6735 Wassom Memorial Highway Grand View, TN 37337

    View on Map
    For Sale
    $239,000

    COMMERCIAL - Grandview, TN

    Property size:
    1,499 SF
    Lot size:
    0.48 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 6735 Wassom Memorial Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Security features
    Security System
    Interior features
    Pantry, High Speed Internet, Bar
    Exterior features
    Rain Gutters, Fire Pit
    Appliances
    Washer, Convection Oven, Double Oven, Dryer, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Freezer, Gas Cooktop, Indoor Grill, Microwave, Refrigerator
    Standard status
    Active
    APN
    011 01500 000
    Size
    1,499 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1041

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Flooring type
    Tile, Concrete
    Building materials
    Aluminum Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Becki Tumlin

    Listing agent Becki Tumlin License #353470

    Listing office Keller Williams - Athens 1607 S Congress Parkway, Athens, TN

    Listing date Jan 14, 2026

    MLS# 20260209

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Food and Entertainment Venue

    Located on a busy state highway between Spring City and Crossville, this commercial property in Grandview, TN, offers a turnkey food and entertainment operation. The building was completely remodeled in 2021 and features a professional commercial kitchen equipped with stainless steel equipment, including ovens, prep stations, stand-up coolers, and storage. The kitchen is designed to accommodate various food concepts, such as pizza, burgers, deli, barbecue, or late-night options. A drive-through window provides an additional revenue stream. The property includes an outdoor beer tap station, ice storage, and a built-in amphitheater with stage lighting and electrical infrastructure suitable for an eight-piece band, enabling live music, weekend events, private parties, food truck nights, and beer garden concepts. Two additional structures are included: a 12x40 portable building and a separate 8x20 storage shed, offering flexibility for offices, retail, prep space, or expansion. The property is suited for a bar or beer garden, restaurant or deli, smoke shop or vape lounge, drive-through food concept, music venue, event space, or a hybrid operation. The property has 1499 square feet of space and sits on a 0.48-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility Grandview Coffee LLC Take-out & Catering Stashbox Remedies Restaurant

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Hair Salon Nail Salon Food Market Cafe & Coffee Shop Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand View
    County
    Rhea
    State
    Tennessee
    Longitude
    -84.859206
    Latitude
    35.75977

    FAQs

    What type of property is this?
    Restaurant - Remodeled commercial building with extensive infrastructure for food and entertainment.
    Where is this restaurant located?
    The property is located at 6735 Wassom Memorial Highway Grand View, TN.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: High‑traffic location on a major highway between Spring City and Crossville.; Turnkey food and entertainment business, fully equipped with over $100,000 in commercial kitchen equipment.; Unique outdoor amenities including a beer tap station and a built‑in amphitheater with stage lighting and electrical infrastructure.
    (423) 414-1034
    We can help!
    Listing Contact
    Becki Tumlin
    Real Estate License ID: 353470
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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