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    Property profile & analytics

    1003 Elk Ave Elizabethton, TN 37643-2950

    • Drive through restaurants
    • 5,375 SF
    • 1.38 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Feb 14, 2023
    Location Intelligence
    Property ID
    US80-0102993
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sonic Drive-In / Fast Food Restaurant

    Property Details for 1003 Elk Ave

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    1.38 lot acres
    Property size
    5,375 SF
    Property type
    Drive through restaurants
    APN
    010040E A 00600
    APU
    010040EA00600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.2423
    Latitude
    36.3486
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $153,680
    $133,120
    $286,800
    -
    $384,200
    $332,800
    $717,000

    Comparable in this City

    • Value Estimation by Request
      2,182 SF

      421 Elk Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,182 SF
      421 Elk Ave, Elizabethton, TN 37643-2525
      View Details
    • Value Estimation by Request
      697 SF

      Hwy 19e

      DRIVE-THRU RESTAURANT, FAST FOOD • 697 SF
      Hwy 19e, Elizabethton, TN 37643
      View Details
    • Value Estimation by Request
      3,571 SF

      509 Elk Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,571 SF
      509 Elk Ave, Elizabethton, TN 37643-2527
      View Details
    • Value Estimation
      $330,000
      880 SF

      2020 Elk Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 880 SF
      2020 Elk Ave, Elizabethton, TN 37643-3767
      View Details
    • Value Estimation
      $1,955,000
      2,738 SF

      1719 Hwy 19th Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,738 SF
      1719 Hwy 19th Byp, Elizabethton, TN 37643-4648
      View Details
    • Value Estimation
      $480,000
      863 SF

      102 Lynn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 863 SF
      102 Lynn Ave, Elizabethton, TN 37643-3230
      View Details

    Similar Nearby for Sale

    • $1,563,000
      950 SF

      Elizabethton, TN Retail Opportunity

      Retail property with a new 15-year lease in place.
      415 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $399,000
      3,000 SF

      Commercial Property with Residential Home

      Gas station, garage, hardware store, and residential home for sale.
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    • $190,000
      0.37 Acres

      Elizabethton Commercial Property For Sale

      Adaptable commercial space in a high-traffic Elizabethton location.
      233 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $575,000
      4,000 SF

      Versatile Commercial Property in Elizabethton

      Multi-use commercial property with expansion potential in East Tennessee.
      2719 Highway 91, Elizabethton, TN 37643
      View Details
    • $1,400,000
      8.77 Acres

      Prime Elizabethton Outparcel for Development

      8.77-acre outparcel suited for apartments or retail near Wal-Mart and Lowe's.
      Elk Ave, Elizabethton, TN 37643
      View Details
    • $615,000
      6,840 SF

      Downtown Elizabethton Mixed-Use Investment

      Mixed-use property with commercial and residential tenants in downtown.
      707 E Elk Ave, Elizabethton, TN 37643
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      2,000 SF

      Elizabethton Commercial Space For Lease

      Prime Elizabethton location, 2,000 sq ft, flexible lease.
      315 Broad St, Elizabethton, TN 37643
      View Details
    • $12 SF/Yr
      2,100 SF

      New Mixed-Use Development in Elizabethton

      New downtown development with flexible build-out options, available Spring 2026.
      400 East E St, Elizabethton, TN 37643
      View Details
    • $12 SF/Yr
      55,340 SF

      Betsytowne Shopping Center: Retail Space Available

      Elizabethton, TN Retail Center: Multiple Spaces, High Visibility
      1727 Us-19E, Elizabethton, TN 37643
      View Details
    • Contact for pricing

      High-Visibility Elizabethton Shopping Center

      Prime retail location with high traffic and national co-tenants.
      601 W Elk Ave, Elizabethton, TN 37643
      View Details
    • $12 SF/Yr
      10,738 SF

      Retail Space Next to Aldi's

      10,738 SF retail space in busy shopping center.
      791 W Elk Ave, Elizabethton, TN 37643
      View Details
    • Contact for pricing
      118,834 SF

      Carter County Plaza Retail Space

      Elizabethton, TN Retail Center - For Lease
      768 Elk Ave, Elizabethton, TN 37643
      View Details

    Property Visit Statistics

    • Visits by month
      24.9k
    • Visitors by month
      17.3k
    • Avg Time on site
      15 min
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    1003 Elk Ave
    Elizabethton, TN 37643-2950
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    Realmo Value Estimation

    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.

    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.

    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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