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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Turn key restaurants
1410 Interstate Dr Cookeville, TN 38501-4123
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-0717148
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,437 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C3
APN
071066J B 00500
UPID
US80-0717148
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
-
Red Lobster Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$525k
Owner & transaction history
Sms Ambassadors Corp · 8 yrs held
Sms Ambassadors Corp
since 2018
5 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Supplemental Regulations
Top alternative use upside
Retail stores
$480,000
+9.7%
Commercial (general)
$465,000
+7.0%
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
Method
Estimation
Statistic approach
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$435,000
Current use
RETAIL STORES
$480,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$465,000
Change: +7% · Conversion: Easy
MEDICAL BUILDING
$410,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$395,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
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
$19,175
Tax year 2022
Assessed value
$586,240
Assessed 2023
Previous assessed
$582,480
+0.6% YoY
Effective rate
3.27%
On assessed value
Assessed land
$384,800
Assessed improvement
$201,440
Land market value
$962,000
Improvement market value
$503,600
Total market value
$1,465,600
Applied tax rate
71.0000
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
4,437 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C3
APN
071066J B 00500
UPID
US80-0717148
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TNZoning C3 · permitted uses
C3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Supplemental Regulations
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$435,000
RETAIL STORES
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$465,000
MEDICAL BUILDING
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$395,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
1.3 ac
Current owner
From public records · entity-resolved
Sms Ambassadors Corp
Entity
Mailing address
PO BOX 6467, ORLANDO, FL 32802-6467
Ownership since
2018
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
Apr 20, 2018
$2,714,855
Sms Ambassadors Corp
Ber R/e Invs IV LLC
Grant Deed
$664,855 · Huntington Nat'l Bk
Jun 29, 2017
$2,243,105
Ber Real Est Invs IV LLC
Arcp Portfolio Vi LLC
Grant Deed
$36,000,000 · Wells Fargo Bk
Jul 30, 2014
$2,097,637
Arcp Rl Portfolio Vi LLC
Gmri INC
Grant Deed
—
Aug 18, 1994
$275,112
Mills Restaurants
Unknown,
Grant Deed
—
Feb 8, 1993
$5,600
Apple South INC
Unknown,
Grant Deed
—
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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