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Property profile & analytics
OFF-MARKET
Turn key restaurants
113 Main Ave Erwin, TN 37650-1237
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-0961252
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Total area
1,950 SF
Lot
25 ac (1,089,000 SF)
Zoning code
B-3
APN
086023N U 01200
UPID
US80-0961252
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
Christopher Loukos · 3 yrs held
Christopher Loukos
since 2022
Last sale
$340,000
4 recorded transactions
Zoning & alternative use
B-3 · Erwin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
9.34 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 Erwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erwin 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
$79,280
Assessed 2023
Previous assessed
$79,280
+0.0% YoY
Assessed land
$7,000
Assessed improvement
$72,280
Land market value
$17,500
Improvement market value
$180,700
Total market value
$198,200
Applied tax rate
86.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1928
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,950 SF
Lot
25 ac (1,089,000 SF)
Zoning code
B-3
APN
086023N U 01200
UPID
US80-0961252
Jurisdiction
UNICOI
Zoning & alternative use
B-3 · Erwin, TNZoning B-3 · permitted uses
B-3 · Erwin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
9.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1928
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
25 ac
Current owner
From public records · entity-resolved
Christopher Loukos
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 1446, HARRISBURG, NC 28075-1446
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$340,000
Christopher Loukos
Brenda E Hawley
Warranty Deed
—
Sep 12, 2014
$175,100
Brenda E Hawley
Whitehurst,william A JR & Anna W
Grant Deed
—
Mar 9, 2007
—
Stice Michael D Tr
Whitehurst,william A JR & Anna W
Grant Deed
related
—
Aug 31, 2006
$32,400
W Ashley Whitehurst JR.
Erwin National Bank
Quit Claim 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.
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