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Property profile & analytics
OFF-MARKET
Commercial real estate
1481 Scruggs Rd Ringgold, GA 30736
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1180919
Property summary
AI-generated overview
This exceptional 4,000 square foot restaurant space, formerly Boyd's Speedway concessions, presents a unique opportunity in Ringgold, GA. Located within one mile of I-75 Exit 1, on the Tennessee/Georgia line, this property boasts a substantial 24,000 square foot lot with ample parking for 30 vehicles. The building features a commercial kitchen and grill, equipped with newer fire suppression devices, along with two updated ADA-compliant restrooms. The outdoor space is a key asset, including a covered seating area with metal picnic tables and additional uncovered areas perfect for expanding seating or adding games. The property also includes a unique outdoor bar and ample covered seating, creating a versatile space ideal for a specialty bar, restaurant, or lunch spot. The property is zoned commercial and is ready for permitting, making it a truly turnkey operation. Utilities are the responsibility of the tenant. Electric power is available. The property is conveniently located on Scruggs Rd, Ringgold, GA 30736, near US 41. This is a quiet and distinctive location with high potential. More photos are forthcoming.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1953
Construction
WOOD
Total area
1,231 SF
Lot
19.15 ac (834,174 SF)
Zoning code
C-1
APN
10B04100A
UPID
US22-1180919
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
-
Boyd's Speedway Racecourse
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
D & M Racing Properties LLC · 5 yrs held
D & M Racing Properties LLC
since 2020
3 recorded transactions
Zoning & alternative use
C-1 · Ringgold, GA
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 Ringgold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ringgold 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,397
Tax year 2023
Assessed value
$375,052
Assessed 2023
Previous assessed
$375,052
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$241,800
Assessed improvement
$133,252
Land market value
$604,500
Improvement market value
$333,130
Total market value
$937,630
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
10
Total area
1,231 SF
Lot
19.15 ac (834,174 SF)
Zoning code
C-1
APN
10B04100A
UPID
US22-1180919
Jurisdiction
CATOOSA
Zoning & alternative use
C-1 · Ringgold, GAZoning C-1 · permitted uses
C-1 · Ringgold, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
download
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
10
Lot
19.15 ac
Current owner
From public records · entity-resolved
D & M Racing Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
32 EMMERSON DR, ROSSVILLE, GA 30741-1666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 30, 2020
$1,500,000
D & M Racing Properties LLC
Harvey Motor Sports Realty LLC
Quit Claim Deed
related
—
Dec 30, 2020
—
Russell Speedway LLC
D & M Racing Properties LLC
Warranty Deed
related
$1,500,000 · Britt H Brown
Feb 14, 2014
$1,125,000
D & M Racing Properties LLC
Harvey Motor Sports Realty LLC
Grant Deed
$650,000 · Motor Harvey
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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