Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Drive through restaurants
160 Hwy 109th N Lebanon, TN 37090-1229
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-2095241
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Total area
3,085 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M4
APN
079 06917
UPID
US80-2095241
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
$2.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$2.82M
Owner & transaction history
Cherry,ernest M JR Trust · 5 yrs held
Cherry,ernest M JR Trust
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
M4 · Lebanon, TN
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$2,415,000
ML approach
$2,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $3.00M (Jan 7 2021)
Last sale anchor
$3.00M
Jan 7 2021
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
$912 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,664
Tax year 2023
Assessed value
$642,320
Assessed 2023
Previous assessed
$642,320
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$459,960
Assessed improvement
$182,360
Land market value
$1,149,900
Improvement market value
$455,900
Total market value
$1,605,800
Applied tax rate
95.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2001
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
3,085 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M4
APN
079 06917
UPID
US80-2095241
Jurisdiction
WILSON
Zoning & alternative use
M4 · Lebanon, TN
Zoning M4 · permitted uses
M4 · Lebanon, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
2.2 ac
Current owner
From public records · entity-resolved
Cherry,ernest M JR Trust
Trust
Mailing address
PO BOX 181, HAMPTON FALLS, NH 03844-0181
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
$3,000,000
Cherry,ernest M JR Trust
Tn Re Acquisition Co LLC
Warranty Deed
—
Dec 19, 2019
—
Bf Nashville INC
—
Deed
related
$102,275,000 · Wells Fargo Bk
Jun 18, 2019
—
Bf Nashville INC
—
Loan Modification
related
$42,000,000 · Bmo Harris Bk NA
Jun 1, 2017
—
Bf Nashville INC
—
Grant Deed
related
$42,000,000 · Bmo Harris Bk NA
Dec 30, 2013
—
Bf Nashville INC
Ulb Properties Of Tennessee LLC
Quit Claim Deed
related
—
—
—
Bf Nashville INC
—
Deed Of Trust
related
$102,275,000 · Wells Fargo Bk
—
—
Ulb Properties Of Tennessee LLC
—
Deed Of Trust
related
$2,129,250 · Regions Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 160 Hwy 109th N?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
