4770 Chapel Hill Rd, Southside, TN 37171

Building Details

Year Built 1949 More

Listing Agency: Berkshire Hathaway HomeServices PenFed Realty

Listed By: Wendi Potter Show Phone

Source: Smokymountainshomefinder

Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 6:40AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices PenFed Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1949, this 2,592-square-foot mixed-use property combines a diner and convenience store with a bar at the rear. The building also includes a downstairs office and a two-bedroom basement apartment with laundry. Food-service equipment includes a prep station, grill, fryer, three-compartment wash sink, pizza oven, and range hood. A shed is also on the property.

Key Highlights

• 2,592‑square‑foot property built in 1949
• Operating diner and convenience store with a bar at the rear
• Two‑bedroom basement apartment with laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,661

Cap Rate

8.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$513,220 $513.2K

Cap Rate 7%

$366,586 $366.6K

Cap Rate 9%

$285,122 $285.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,592 SF

Gross rent

$46.7K $18.00/SF

− Vacancy

−$5.6K −$2.16/SF

EGI

$41.1K $15.84/SF

− OpEx

−$15.4K −$5.94/SF

NOI

$25.7K $9.90/SF

Area

Montgomery County, TN

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$513,220

Cap Rate 7%

$366,586

Cap Rate 9%

$285,122

Alternative Uses

Best Use

Specialty Retail

$468.6K

$410.1K – $546.8K (±1% cap)

NOI $32,805 @ 7.0% cap · market cap 10.94%

Second Best

Mixed Use

$366.6K

$320.8K – $427.7K (±1% cap)

NOI $25,661 @ 7.0% cap · market cap 8.55%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Historic Southside Market Restaurant Southside General Store Grocery & Convenience Store

Suggested Use

Top Pick Plumbing Service Grocery & Convenience Store Food Market Accounting Firm Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 37171, TN

1,156

Population

472

Households

2.4

Avg Household Size

41

Median Age

25%

College-Educated

83%

High-School Grad

23.9 sq mi

ZIP Area

48

Density / Sq Mi

$116,200

Median Household Income

$36,774

Median Earnings

$1,028

Median Rent

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - An operating food-service and convenience retail business includes a rear bar and a two-bedroom basement apartment.

Where is this mixed-use property located?

The property is located at 4770 Chapel Hill Rd Southside, TN.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 2,592‑square‑foot property built in 1949; Operating diner and convenience store with a bar at the rear; Two‑bedroom basement apartment with laundry