Turnkey Restaurant with Commercial
For Sale
Contact for pricing
836 UNAKA ST, Harriman, TN 37748
Fully equipped restaurant with updated building improvements and a commercial kitchen ready for immediate operation.
Property Size2,168 SF
Price / SF$230.58
Days on Market69
Property Features for 836 UNAKA ST
General Information
Standard status
Active
Size
2,168 SF
Class
C
Total Parking Spaces
15
Property subtype
Retail, Hospitality, Business for Sale
Zoning
Commercial
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1956
Year Renovated
2018
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Jim Henry & As Kingston
Listed By:
Jacki Hill · License #290155
Source:
Crexi
Added: Jun 29
Changed: Aug 26
Last Checked: Sep 1 at 7:52PM
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 Coldwell Banker Jim Henry & As Kingston
Investment Insights
Based on property information with market context.
This turnkey restaurant offering includes a fully equipped commercial kitchen and restaurant equipment included with the sale. The property and improvements have been updated, including building updates in 2018 and a roof replacement in 2018. The business is ready for immediate operation, with an established customer base and long-standing community recognition dating to operations beginning in 1978.
The second floor includes unfinished space that was formerly used as a 3-bedroom apartment, which may support future income or expansion plans. Sale options include purchasing the building, business, and equipment together or buying the business only.
Overall, the package is designed for buyers seeking a working restaurant operation with included equipment and on-site additional unfinished space.
The second floor includes unfinished space that was formerly used as a 3-bedroom apartment, which may support future income or expansion plans. Sale options include purchasing the building, business, and equipment together or buying the business only.
Overall, the package is designed for buyers seeking a working restaurant operation with included equipment and on-site additional unfinished space.
Key Highlights
- Chuck's Deli established in 1978; restaurant is fully equipped and ready for immediate operation
- Building updated in 2018, including roof replacement in 2018
- Fully equipped commercial kitchen included with the sale (restaurant equipment included)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,720
$726.7K
Cap Rate 7%
$519,086
$519.1K
Cap Rate 9%
$403,733
$403.7K
Market Conditions
NOI Build-Up for 2,168 SF
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.
Gross rent
$50.7K $23.40/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$48.4K $22.35/SF
− OpEx
−$12.1K −$5.59/SF
NOI
$36.3K $16.76/SF
Area
Roane County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,720
Cap Rate 7%
$519,086
Cap Rate 9%
$403,733
Alternative Uses
Best Use
Specialty Retail
$519.1K
$454.2K – $605.6K
NOI $36,336 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.0K
$469.9K – $626.5K
NOI $37,588 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
26k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
SONIC Drive In
Dining
8,853 visits/mo
0.3 miles
Dollar General
Shops & Services
7,382 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,477 visits/mo
0.5 miles
Citgo
Shops & Services
3,698 visits/mo
0.2 miles
Domino's Pizza
Dining
977 visits/mo
0.2 miles
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant with updated building improvements and a commercial kitchen ready for immediate operation.
Where is this conventional restaurant located?
The property is located at 836 UNAKA ST Harriman, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Chuck's Deli established in 1978; restaurant is fully equipped and ready for immediate operation; Building updated in 2018, including roof replacement in 2018; Fully equipped commercial kitchen included with the sale (restaurant equipment included)
