Restaurant with Pylon
5307 North Middlebrook Pike, Knoxville, TN 37921
For Sale
$425,000
The sale includes FF&E and inventory, with recent equipment and electrical updates.
Property Size1,260 SF
Days on Market99
Property Features for 5307 North Middlebrook Pike
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Restaurant
Seating Capacity
Commercial Hood
Grease Trap
Equipment Included
Additional Details
Furnished
Business Included
Pylon Signage
Building Details
Building Size
Year Built
Listing Agency:
SVN | Wood Properties
Listed By:
Elizabeth Houser · License TN #377171
(513) 315-7694
Source:
Svn
Added: Aug 8
Changed: Nov 5
Last Checked: Nov 12 at 5:10AM
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 SVN | Wood Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property at 5307 North Middlebrook Pike includes seating for 52, 20 parking spaces, FF&E, and inventory. Recent improvements include a new grill installed in 2024, one new fryer, a recently inspected and cleaned hood, a rewired freezer, and new electrical service and panel completed in 2023. The grease trap is cleaned monthly, and the HVAC system remains under warranty. Built in 1920, the property is configured for restaurant operations and may also accommodate a coffee shop, ice cream shop, deli, or office use.
A large pylon sign provides street-facing exposure along North Middlebrook Pike. The surrounding commercial corridor includes industrial, office, and retail properties, with traffic described as consistent throughout the day. The property is offered with its existing equipment and inventory package, supporting an owner-operated restaurant or an alternative concept.
A large pylon sign provides street-facing exposure along North Middlebrook Pike. The surrounding commercial corridor includes industrial, office, and retail properties, with traffic described as consistent throughout the day. The property is offered with its existing equipment and inventory package, supporting an owner-operated restaurant or an alternative concept.
Key Highlights
- 52‑seat restaurant with 20 parking spaces
- FF&E and inventory convey with the sale
- New grill installed in 2024, plus one new fryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,118
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,360
$422.4K
Cap Rate 7%
$301,686
$301.7K
Cap Rate 9%
$234,644
$234.6K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$29.5K $23.40/SF
− Vacancy
−$1.3K −$1.05/SF
EGI
$28.2K $22.35/SF
− OpEx
−$7.0K −$5.59/SF
NOI
$21.1K $16.76/SF
Area
Knoxville, TN
Vacancy
4.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,360
Cap Rate 7%
$301,686
Cap Rate 9%
$234,644
Alternative Uses
Best Use
Specialty Retail
$301.7K
$264.0K – $352.0K
NOI $21,118 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.1K
$273.1K – $364.1K
NOI $21,845 @ 7.0% cap · market cap 5.14%
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
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37921, TN
28,903
Population
12,969
Households
2.2
Avg Household Size
35
Median Age
27%
College-Educated
87%
High-School Grad
15.9 sq mi
ZIP Area
1,818
Density / Sq Mi
$57,813
Median Household Income
$37,518
Median Earnings
$1,147
Median Rent
$204,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Knoxville, TN
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes FF&E and inventory, with recent equipment and electrical updates.
Where is this conventional restaurant located?
The property is located at 5307 North Middlebrook Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 52‑seat restaurant with 20 parking spaces; FF&E and inventory convey with the sale; New grill installed in 2024, plus one new fryer
