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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Drive through restaurants
1001 Flagship Dr Kingsport, TN 37663-3976
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-2241239
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1993
Total area
3,041 SF
Lot
1.02 ac (44,431 SF)
Zoning code
M-1
APN
082078 07830
UPID
US80-2241239
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
-
Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.66M
Owner & transaction history
Eric And Nichole Holdings LLC · 2 yrs held
Eric And Nichole Holdings LLC
since 2024
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
M-1 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(1) M-1, Light Manufacturing District. This zone is established for light industrial activities which are the least prone to create objectionable environmental problems related to smoke, noise, heat, odor, vibration, light and waste generation and disposal. (2) M-1R, Light Manufacturing Restricted District. This light industrial zone is similar to the M-1 di…
Zone name
Light Manufacturing District
General category
INDUSTRIAL
Zone area
279.87 ac
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 Kingsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsport 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
$1,655,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.66M (Mar 1 2024)
Last sale anchor
$1.66M
Mar 1 2024
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
$544 / 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
$286,360
Assessed 2023
Previous assessed
$286,360
+0.0% YoY
Assessed land
$131,800
Assessed improvement
$154,560
Land market value
$329,500
Improvement market value
$386,400
Total market value
$715,900
Applied tax rate
82.0000
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
1993
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
3,041 SF
Lot
1.02 ac (44,431 SF)
Zoning code
M-1
APN
082078 07830
UPID
US80-2241239
Jurisdiction
SULLIVAN
Zoning & alternative use
M-1 · Kingsport, TNZoning M-1 · permitted uses
M-1 · Kingsport, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(1) M-1, Light Manufacturing District. This zone is established for light industrial activities which are the least prone to create objectionable environmental problems related to smoke, noise, heat, odor, vibration, light and waste generation and disposal. (2) M-1R, Light Manufacturing Restricted District. This light industrial zone is similar to the M-1 district, except that higher provisions are established for light and air and for physical appearance. (3) M-2, General Manufacturing District. This zone is established as a general industrial district in order to provide locations for a broad range of heavier industrial activities. (Code 1981, app. A, art. IV, § 6; Code 1998, § 114-186) CODE OF ORDINANCES City of Kingsport, Tennessee This chapter, 114, Zoning, is updated by the Planning Department with approved ordinance changes by the Planning Commission and Board of Mayor and Aldermen. For the official codified ordinances go to http://www.municode.com/Library/TN/Kingsport Page 47 of 219
Zone name
Light Manufacturing District
General category
INDUSTRIAL
Zone area
279.87 ac
Building & site characteristics
From public records
Year built
1993
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Eric And Nichole Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 418, BRINNON, WA 98320-0418
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Eric And Nichole Holdings LLC
Frederic C Helm
Quit Claim Deed
related
—
Mar 28, 2018
—
Frederic C Helm
Real Trust Alternatives LLC
Quit Claim Deed
related
—
Jun 15, 2016
$1,657,000
Frederick Helm
Highland Park LLC
Grant Deed
—
Mar 12, 2001
$603,064
Highland,park
Quality Mortgage
Trustees Deed
—
Nov 3, 1992
$325,000
Cyrus Corporation
Unknown
Grant Deed
—
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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