Technical
Financial
Distress signals
Property profile

600 Lance Dr Baxter, TN 38544

OFF-MARKET
Retail properties & Spaces
26,189 SF 22 ac lot Built 2008
Saved · see the list in your Dashboard

Property summary

AI-generated overview

DelMonaco Winery and Vineyards, a highly successful and established business, presents a unique investment opportunity. This turnkey operation, situated on 22 acres of prime Tennessee land, boasts a modern 26,189-square-foot facility. The property includes a fully operational winery producing 16 distinct wine varieties from 20,000 vines, a charming retail wine shop, and a sophisticated two-story events center perfect for weddings and other large gatherings. Extensive outdoor entertaining spaces complement the indoor facilities. Administrative offices are also included within the main building. The winery currently distributes its products across 44 states, demonstrating a strong and established market presence. Its location in Putnam County, a region experiencing significant growth, offers exceptional potential for continued expansion. The property's proximity to Interstate 40 (1.5 miles), a major thoroughfare with 16.1 million annual travelers passing through Putnam County, provides unparalleled accessibility. Furthermore, its convenient location just 8 miles from Cookeville and 71 miles from Nashville ensures strong regional appeal and access to a large consumer base. This exceptional property offers a rare chance to acquire a thriving, established business with significant growth potential. The asking price is $6,900,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2008
Total area 26,189 SF
Lot 22 ac (958,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Brewery & Distillery Specialty Food Shop
  • Electric Vehicle Charging Station

Location

600 Lance Dr Baxter, TN 38544
Baxter metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 600 Lance Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message