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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Drive through restaurants
1000 Broadway St Lenoir City, TN 37771-2003
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1996106
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1986
Total area
6,080 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-3
APN
053020L F 01100
UPID
US80-1996106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
Sri Operating Co · 6 yrs held
Sri Operating Co
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C-3 · Lenoir City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,650,000
ML approach
$1,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.78M (Jan 24 2020)
Last sale anchor
$1.78M
Jan 24 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$291 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$134,440
Assessed 2023
Previous assessed
$134,440
+0.0% YoY
Assessed land
$34,440
Assessed improvement
$100,000
Land market value
$86,100
Improvement market value
$250,000
Total market value
$336,100
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1986
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
6,080 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-3
APN
053020L F 01100
UPID
US80-1996106
Jurisdiction
LOUDON
Zoning & alternative use
C-3 · Lenoir City, TN
Zoning C-3 · permitted uses
C-3 · Lenoir City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenoir City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Sri Operating Co
Entity
Mailing address
300 JOHNNY BENCH DR, OKLAHOMA CITY, OK 73104-2471
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
$177,500
Sri Operating Co
Sonic Drive-in Of Lenoir City INC
Warranty Deed
—
Aug 2, 2012
—
Sonic Drive-in Of Lenoir City INC
—
Trustees Deed
related
$25,000 · United Cmnty Bk
—
—
Sonic Drive-in Of Lenoir City INC
—
Loan Modification
related
—
—
—
Sonic Drive-in Of Lenoir City INC
—
Loan Modification
related
$375,249 · United Cmnty Bk
—
—
Sonic Drive-in Lenoir City INC
—
Deed Of Trust
related
$50,000 · United Community Bank
—
—
Sonic Drive-in Of Lenoir City INC
—
Loan Modification
related
$25,000 · United Cmnty Bk
—
—
Sonic Drive-in Of Lenoir City INC
—
Loan Modification
related
$25,000 · United Cmnty Bk
—
—
Sonic Drive-in Of Lenoir City INC
—
Deed Of Trust
related
—
—
—
Sonic Drive-in Of Lenoir City INC
—
Loan Modification
related
$25,000 · United Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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