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Property profile & analytics
OFF-MARKET
Drive through restaurants
1122 Knoxville Hwy Wartburg, TN 37887-4209
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-3331565
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Total area
3,848 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B-2
APN
065096M B 00500
UPID
US80-3331565
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
-
Hardee's Restaurant Take-out & Catering
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
Hardees Restaurants LLC · 13 yrs held
Hardees Restaurants LLC
since 2013
3 recorded transactions
Zoning & alternative use
B-2 · Wartburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this district to establish commercial areas that encourage the grouping of compatible commercial uses, reduce. traffic congestion, and maintain the aesthetic characteristics of the community.
Zone name
Business 2
General category
COMMERCIAL
Zone area
129.21 ac
Source
Realmo
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 Wartburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wartburg 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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,795
Tax year 2022
Assessed value
$279,720
Assessed 2023
Previous assessed
$213,120
+31.3% YoY
Effective rate
2.07%
On assessed value
Assessed land
$62,400
Assessed improvement
$217,320
Land market value
$156,000
Improvement market value
$543,300
Total market value
$699,300
Applied tax rate
65.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
3,848 SF
Lot
1.53 ac (66,647 SF)
Zoning code
B-2
APN
065096M B 00500
UPID
US80-3331565
Jurisdiction
MORGAN
Zoning & alternative use
B-2 · Wartburg, TNZoning B-2 · permitted uses
B-2 · Wartburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this district to establish commercial areas that encourage the grouping of compatible commercial uses, reduce. traffic congestion, and maintain the aesthetic characteristics of the community.
Zone name
Business 2
General category
COMMERCIAL
Zone area
129.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Hardees Restaurants LLC
Entity
Free & Clear · 13 yrs held
Mailing address
6700 TOWER CIR #100, FRANKLIN, TN 37067-1489
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2013
—
Hardees Restaurants LLC
Hardees Food Systems LLC
Warranty Deed
—
Oct 8, 2008
$5,825
Tennessee State
Spardees Realty INC
Deed
—
Dec 28, 1989
—
Spartan,food System
Unknown,
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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