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    Turn-Key Restaurant Business Title is generated by Realmo AI

    6903 Lee Highway, Chattanooga, TN 37421

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    Restaurant for sale at 6903 Lee Highway, offering current service of Korean cuisine, pho, and boba tea.

    Type:Retail, Business for Sale
    Property size:
    2,800 SF
    Price / SF:
    $105/SF
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:55 am

    Property Features for 6903 Lee Highway

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Retail, Business for Sale

    We can help!

    Listing Contact
    Kim Tudor

    Listing agent Kim Tudor License #348585

    Listing office Keller Williams Greater Chattanooga

    Listing date Jun 3, 2026

    Source Crexi

    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 Keller Williams Greater Chattanooga

    HighLights

    • Restaurant for sale at 6903 Lee Highway
    • Current menu offers Korean cuisine, Vietnamese pho, and boba tea
    • Owner‑operated for over 6 years, with an established customer base
    • Business has evolved from an originally Vietnamese restaurant to a Korean‑focused dining concept

    Overview

    This for-sale restaurant business is an established operation with the current owner running the business for more than six years. The concept has evolved from an originally Vietnamese-focused restaurant into a multi-cuisine dining operation centered on Korean cuisine, popular Vietnamese pho, and boba tea. The business is presented as a turn-key opportunity for a new owner seeking to continue an operating restaurant rather than start from scratch.

    The property is located at 6903 Lee Highway in Chattanooga, Tennessee. The offering is tied to the ongoing operation and includes the existing customer base and brand reputation the current owner has built during their tenure, according to the provided remarks.

    For buyers, this setup can fit an owner-operator model looking to take over an operating restaurant that already serves multiple menu categories and attracts a range of customers. It may also appeal to an investor or buyer who wants a restaurant business with proven operational continuity based on the documented time the current owner has operated the business. For more information and a confidential showing, contact the listing agent.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $37.0k $13.20
    − Vacancy −$2.2k −$0.79
    EGI $34.7k $12.41
    − OpEx −$8.7k −$3.10
    NOI $26.1k $9.31
    2,800 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $372.2K
    $325.7K – $434.3K (±1% cap)
    NOI $26,057 @ 7.0% cap · market cap 8.83%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $618.4K
    $541.1K – $721.5K (±1% cap)
    NOI $43,288 @ 7.0% cap · market cap 14.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Chopstix: Vietnamese, Korean, ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1659392
    Latitude
    35.043092

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant for sale at 6903 Lee Highway, offering current service of Korean cuisine, pho, and boba tea.
    Where is this conventional restaurant located?
    The property is located at 6903 Lee Highway Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Restaurant for sale at 6903 Lee Highway; Current menu offers Korean cuisine, Vietnamese pho, and boba tea; Owner‑operated for over 6 years, with an established customer base
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Tudor
    Real Estate License ID: 348585
    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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