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Property profile & analytics
OFF-MARKET
Turn key restaurants
11888 Hwy 421st S Trade, TN 37691-6170
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-2546534
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Total area
2,784 SF
Lot
1.08 ac (47,045 SF)
APN
046087 06900
UPID
US80-2546534
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
-
Sharpie's Restaurant Restaurant
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
Robert E Townsend · 6 yrs held
Robert E Townsend
since 2019
5 recorded transactions
Zoning & alternative use
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 Trade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trade 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
$1,512
Tax year 2022
Assessed value
$83,520
Assessed 2023
Previous assessed
$83,520
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$7,640
Assessed improvement
$75,880
Land market value
$19,100
Improvement market value
$189,700
Total market value
$208,800
Applied tax rate
46.0000
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
2001
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
2,784 SF
Lot
1.08 ac (47,045 SF)
APN
046087 06900
UPID
US80-2546534
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Robert E Townsend
Individual
Mailing address
11888 HWY 421ST S, TRADE, TN 37691-6170
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 11, 2019
$270,000
Robert E Townsend
Robert F Isaacs JR
Warranty Deed
$208,000 · Highlands Union Bank
Dec 5, 2014
$200,100
Robert F JR|cook Cynthia D Isaacs
Isaacs,robert F & Katherine G
Grant Deed
related
$94,000 · Robert F & Katherine G Isaacs
Jan 15, 2013
$241,566
Robert F Isaacs
Sharpies Restaurant LLC
Grant Deed
—
Oct 31, 2008
$350,000
Sharpies Restaurant LLC
Isaacs,robert F & Katherine G
Grant Deed
$300,000 · Robert F & Katherine G Isaacs
Jun 20, 2006
—
Phipps,james H & Debbie G
—
Trustees Deed
related
$150,000 · First Citizens Bk
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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