Property profile

1720 Reelfoot Ave Union City, TN 38261

OFF-MARKET
Turn key restaurants
Property ID
US80-0951179
7,868 SF 2.05 ac lot Built 2012
Individually Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2012
Total area 7,868 SF
Lot 2.05 ac (89,298 SF)
APN 066059 01415
UPID US80-0951179

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Rehabilitation Center
  • Rehabilitation Center
  • Physician
  • Physician

Location

1720 Reelfoot Ave Union City, TN 38261-5500
Union City metro Census 965500 UNION CITY, TN-KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$768k
Blend (final) Blend
$390k

Owner & transaction history

since 2011
4 recorded transactions
2011
Price N/A
2011
Price N/A
1999
$249,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $630,000 +8.0%
Medical building $610,000 +4.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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