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    19723 Alberta St Oneida, TN 37841

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    For Sale
    $2,250,000

    Wendy's Restaurant near Big South Fork National River.

    Property size:
    2,243 SF
    Lot size:
    0.42 Acres

    Property Features for 19723 Alberta St

    General Information

    Standard status
    Active
    Size
    2,243 SF
    Lot size
    0.42 Acres

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Gabriel Britti
    Gabriel Britti
    Source: Crexi

    Listing Agency: Marcus & Millichap - Issenberg Britti Group Listing Agent: Gabriel Britti

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

    Learn more

    Overview

    Wendy's Restaurant in Oneida, TN

    This Wendy’s Hamburger Restaurant is located at 19723 Alberta Street in Oneida, Tennessee. Oneida is a town in Scott County, Tennessee with a population of 3,787 and is known for its proximity to the Big South Fork National River and Recreation Area. This area encompasses 125,000 acres of the Cumberland Plateau and attracts 800,000 visitors each year for its scenic gorges and sandstone bluffs. Numerous apartment complexes surround this Wendy’s Restaurant Property including Westminster Place Apartments (107 Rented Units), Coopertown Apartments (50 Rented Units), Oak Park Apartments (40 Rented Units), Bear Creek Apartments (64 Rented Units), Winfield Apartments (39 Rented Units) West Haven Apartments, Heritage Hills Apartments, South Fork Apartments and Highlander Pointe Apartments. Big South Fork Medical Center, a 25-bed hospital licensed by the State of Tennessee, is less than a mile from this property. Nearby educational institutions include Tennessee Colleges of Applied Technology (698 Enrolled Students) Roane State Community College (5,636 Enrolled Students) and Somerset Community College (6,410 Enrolled Students). The property size is 2,243 square feet. Wendy’s is an international fast food restaurant chain founded in 1969. The Wendy’s Company is the world’s third largest quick service hamburger company with more than 6,500 franchise and company restaurants in the United States and in 29 other countries and U.S. Territories worldwide. Its annual sales volume is over $2.06+ Billion.
    Location Intelligence

    Current Use by Public Records

    Wendy's Restaurant Elite Shield Insurance ... Insurance Agency

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneida
    County
    Scott
    State
    Tennessee
    Longitude
    -84.508112
    Latitude
    36.514692

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    FAQs

    What type of property is this?
    Drive through restaurant - Wendy's Restaurant near Big South Fork National River.
    Where is this drive through restaurant located?
    The property is located at 19723 Alberta St Oneida, TN.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - New Construction: Built in 2024.; - Franchise Location: Wendy’s is a globally recognized fast-food chain.; - High Traffic Area: Located near Big South Fork National River and Recreation Area, attracting 800,000 annual visitors.
    (786) 522-7017
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    19723 Alberta St Oneida, TN 37841
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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
    19723 Alberta St Oneida, TN 37841
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    We can help!
    Listing Contact
    Gabriel Britti
    Gabriel Britti
    Real Estate License ID: SL3211804
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