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    403 Main St Monteagle, TN 37356

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    For Sale
    $299,000

    Established eatery, high traffic location, immediate income.

    Property size:
    1,118 SF

    Property Features for 403 Main St

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    1,118 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Mandi Oakes
    Mandi Oakes

    Listing Agency: Gooch Beasley, REALTORS Listing Agent: Mandi Oakes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This thriving, turnkey restaurant located at 403 W Main St W, Monteagle, TN presents a unique investment opportunity. Boasting 1,118 square feet on a half-acre lot, this well-established business has served the local community for the past 10 years, building a loyal customer base. Its reputation as a breakfast hotspot is complemented by a convenient drive-through window for lunch service, ensuring consistent revenue streams. The property benefits from ample parking both in the front and rear, enhancing accessibility for customers. Strategically situated at the intersection of Hwy 41 in Monteagle and Pelham, this location ensures high visibility and convenient access for a wide customer base. Significant recent improvements include a new roof, HVAC system, freezer compressor, stove, and water heater, all installed since 2019. Interior renovations are equally impressive, featuring completely remodeled tile flooring throughout, two updated bathrooms, and fresh paint. All existing restaurant equipment is included in the sale price of $299,000, making this a truly turnkey operation ready for immediate income generation. This is a rare chance to acquire a profitable, established business with significant recent upgrades in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Depot Cafe Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monteagle
    County
    Marion County, TN
    State
    Tennessee
    Longitude
    -85.84139
    Latitude
    35.24099

    Nearby Similar for Sale

    • $300,000
      2,234 SF

      Monteagle Mixed-Use Commercial Property

      Prime Location, Investment Opportunity
      16 1St St, Monteagle, TN 37356
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    • $214,900
      4.15 Acres

      Dixie Lee Ave, Monteagle, TN 37356

      Retail properties & Spaces • 4.15 Acres
      Dixie Lee Ave, Monteagle, TN 37356
      View Details

    FAQs

    What type of property is this?
    Retail property - Established eatery, high traffic location, immediate income.
    Where is this retail property located?
    The property is located at 403 Main St Monteagle, TN.
    What is the asking price?
    The asking price for this property is $299,000.
    (423) 667-7215
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    403 Main St Monteagle, TN 37356
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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
    403 Main St Monteagle, TN 37356
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    We can help!
    Listing Contact
    Mandi Oakes
    Mandi Oakes
    (423) 667-7215 (931) 924-5555
    Learn more
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