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    Property profile & analytics

    485 Shady St Mountain City, TN 37683

    • Retail properties & Spaces
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KFC / Restaurant

    Property Details for 485 Shady St

    Year built
    2023
    Lot size
    1.40 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a brand-new, single-tenant KFC restaurant located at 485 S Shady St, Mountain City, Tennessee 37683. The property boasts a fee-simple ownership structure with a 20-year absolute net lease commencing June 23, 2023, and expiring June 23, 2043, leaving a substantial 18.6 years remaining. The building, constructed in 2023, is a state-of-the-art prototype situated on a 1.4-acre lot. The lease includes four 5-year renewal options, with a 10% rent escalation every five years, ensuring consistent income growth. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $101,988, resulting in a compelling 5.65% cap rate. The asking price is $1,805,097. This is a franchisee-guaranteed lease, offering significant peace of mind to the investor. The property benefits from excellent visibility and accessibility, and is located in the income tax-free state of Tennessee. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The building is a single-story structure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mountain City
    County
    Johnson
    State
    Tennessee
    Longitude
    -81.8068
    Latitude
    36.4706

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      465 Shady St

      Restaurants • 1.40 Acres
      465 Shady St, Mountain City, TN 37683
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    • Value Estimation
      $1,550,000
      33,553 SF

      421 Us

      DEPARTMENT STORE • 33,553 SF
      421 Us, Mountain City, TN 37683
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    • Value Estimation
      $2,130,000
      33,386 SF

      2291 Shady St

      DEPARTMENT STORE • 33,386 SF
      2291 Shady St, Mountain City, TN 37683-2054
      View Details
    • Value Estimation by Request
      2,615 SF

      6224 Hwy 421st S

      RESTAURANT • 2,615 SF
      6224 Hwy 421st S, Mountain City, TN 37683
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    • Value Estimation by Request
      1,500 SF

      2736 Shady St

      RESTAURANT • 1,500 SF
      2736 Shady St, Mountain City, TN 37683-2095
      View Details
    • Value Estimation by Request
      808 SF

      2591 Shady St

      DRIVE-THRU RESTAURANT, FAST FOOD • 808 SF
      2591 Shady St, Mountain City, TN 37683-2000
      View Details

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    • New
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    485 Shady St
    Mountain City, TN 37683
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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.

    More about this property
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