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Property profile & analytics
OFF-MARKET
Turn key restaurants
2334 Newport Hwy Sevierville, TN 37876-2056
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-3519691
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Total area
7,340 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-2
APN
078040 04902
UPID
US80-3519691
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
-
Binanza Department Store
-
Red Box Hibachi 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
Binak D Mirakaj · 9 yrs held
Binak D Mirakaj
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Sevierville, 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 Sevierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sevierville 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,928
Tax year 2021
Assessed value
$130,280
Assessed 2023
Previous assessed
$130,280
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$15,440
Assessed improvement
$114,840
Land market value
$38,600
Improvement market value
$287,100
Total market value
$325,700
Applied tax rate
78.0000
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
2011
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
7,340 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-2
APN
078040 04902
UPID
US80-3519691
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Sevierville, TN
Zoning C-2 · permitted uses
C-2 · Sevierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sevierville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Binak D Mirakaj
Individual
Mailing address
650 WRIGHT WAY, PIGEON FORGE, TN 37863-4612
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2017
$400,000
Binak D Mirakaj
Myers,gary & Iva D
Warranty Deed
$360,000 · Garry & Iva D Myers
Jan 12, 2015
$346,500
Gary Myers
Bierman,elaine
Grant Deed
—
Jun 5, 2013
—
Elaine Bierman
Carnley,william C
Quit Claim Deed
related
—
Jun 23, 2011
—
William C Carnley
—
Trustees Deed
related
$46,492 · Mountain National Bank
Mar 18, 2011
—
William C Carnley
—
Trustees Deed
related
$308,645 · Mountain National Bank
Oct 21, 2003
$228,800
William C Carnley
Williams,carl S
Grant Deed
related
$194,000 · Tennessee State Bank
May 18, 1989
$80,200
Hubert Eledge
Unknown
Grant Deed
—
May 17, 1989
$80,200
Hubert Eledge
Unknown,
Grant Deed
—
—
—
William C Carnley
—
Deed Of Trust
related
$419,634 · Tennessee State Bank
—
—
William C Carnley
—
Deed Of Trust
related
$355,137 · Mountain National 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.
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