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    Turnkey Restaurant in Doyle, TN Title is generated by Realmo AI

    5339 Mcminnville Hwy, Doyle, TN 38559

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    For Sale
    $300,000

    COMMERCIAL - Doyle, TN

    Property size:
    1,177 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $254/SF
    Added:
    May 15, 2026
    Days on Market:
    8
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 5339 Mcminnville Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security System
    Standard status
    Active
    APN
    012.00
    Size
    1,177 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Annual Amount
    468

    Utilities

    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Missy Selby
    Missy Selby

    Listing agent Missy Selby License #353365

    Listing office The Real Estate Collective Sparta 23 N Spring Street, Sparta, TN

    Listing date May 15, 2026

    MLS# 239162

    Copyright © 2026 Upper Cumberland 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.

    HighLights

    • Turnkey, operating restaurant ready for immediate opening.
    • Includes all furnishings and equipment: tables, chairs, commercial kitchen appliances, and prep stations.
    • Seating for 40 customers.
    • Ideal for owner‑operator or investor with rebranding potential.
    • Established venue with vintage charm and modern essentials.
    • Exterior outbuilding provides handy storage.

    Overview

    This turnkey, operating restaurant is located in Doyle, Tennessee, offering a slice of small-town nostalgia and local history. The property includes seating for 40. Furnishings and equipment are included in the sale, such as tables, chairs, booths, dishes, a 10-burner commercial gas stove, a 3-door stainless cooler, a commercial flat-top grill, a 3-compartment steam table, and a double-door sandwich station, along with three stainless prep tables. The restaurant features an efficient kitchen and service flow. An exterior outbuilding provides storage space. The property, situated on a 0.26-acre lot, has a building size of 1,177 square feet. This established venue is suitable for an owner-operator or investor looking to continue the current concept or rebrand it. It is ready for immediate operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Doyle Cafe Restaurant

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Doyle
    County
    White
    State
    Tennessee
    Longitude
    -85.512117
    Latitude
    35.8524724

    FAQs

    What type of property is this?
    Conventional restaurant - Operating restaurant with vintage charm and modern essentials for sale.
    Where is this conventional restaurant located?
    The property is located at 5339 Mcminnville Hwy Doyle, 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: Turnkey, operating restaurant ready for immediate opening.; Includes all furnishings and equipment: tables, chairs, commercial kitchen appliances, and prep stations.; Seating for 40 customers.
    (931) 510-7213
    We can help!
    Listing Contact
    Missy Selby
    Missy Selby
    Real Estate License ID: 353365
    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.

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