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Property profile & analytics
OFF-MARKET
Turn key restaurants
112 Lovelace St Martin, TN 38237-2014
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-3380801
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Total area
3,910 SF
Lot
0.45 ac (19,602 SF)
Zoning code
8
APN
092073L F 02100
UPID
US80-3380801
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
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
Grind Mac & Cheese Burger Bar · 9 yrs held
Grind Mac & Cheese Burger Bar
since 2017
7 recorded transactions
Zoning & alternative use
8 · Martin, 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 Martin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$155,200
Assessed 2023
Previous assessed
$84,960
+82.7% YoY
Assessed land
$22,640
Assessed improvement
$132,560
Land market value
$56,600
Improvement market value
$331,400
Total market value
$388,000
Applied tax rate
92.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
3,910 SF
Lot
0.45 ac (19,602 SF)
Zoning code
8
APN
092073L F 02100
UPID
US80-3380801
Jurisdiction
WEAKLEY
Zoning & alternative use
8 · Martin, TN
Zoning 8 · permitted uses
8 · Martin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Grind Mac & Cheese Burger Bar
Individual
Mailing address
112 LOVELACE ST, MARTIN, TN 38237-2014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2017
$215,000
Grind Mac & Cheese Burger Bar
Nanney,johnathan & Keely W
Warranty Deed
$292,700 · First Cmnty Bk/heartland
May 22, 2017
$12,500
Chih H Day
Nanney,johnathan & Keely W
Warranty Deed
—
Aug 12, 2013
$175,000
Johnathan Nanney
Mcgehee,tracy J & Heather S
Warranty Deed
$225,575 · First Citizens National Bank
Nov 17, 2010
$80,000
Tracy J Mcgehee
Savant Learning Systems INC
Warranty Deed
$65,000 · Savant Learning Systems INC
Jun 30, 2010
$88,200
Savant Learning Systems INC
Nassar,nassar S
Warranty Deed
—
Oct 9, 2007
$71,500
Jan W Hensley
Brandon,robert W III
Warranty Deed
—
Nov 1, 2004
$79,000
Nassar S Nassar
Hindi,rick & Amal
Warranty Deed
$64,815 · First Citizens National Bank
Nov 20, 2003
$74,000
Rick Etal Hindi
Brandon,frances
Grant Deed
—
—
—
Nassar S Nassar
—
Deed Of Trust
related
$60,500 · First State Bank
—
—
Tracy J Mcgehee
—
Deed Of Trust
related
$36,161 · First Citizens National Bank
—
—
Tracy J Mcgehee
—
Deed Of Trust
related
$152,522 · First Citizens National Bank
—
—
Nassar S Nassar
—
Deed Of Trust
related
$60,500 · First State 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.
Try Rey
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