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    Property profile & analytics

    2437 Hwy 41st S Greenbrier, TN 37073-4540

    • Turn key restaurants
    • 2,350 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2023
    $435,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2370021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2437 Hwy 41st S

    Year built
    1955
    Lot size
    0.40 lot acres
    Property size
    2,350 SF
    Property type
    Turn key restaurants
    APN
    074124A B 05500
    APU
    074124AB05500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenbrier
    County
    Robertson
    State
    Tennessee
    Longitude
    -86.8016
    Latitude
    36.4225
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $44,160
    $109,560
    $153,720
    -
    $110,400
    $273,900
    $384,300

    Comparable in this City

    • Value Estimation by Request
      2,518 SF

      2577 Hwy 41st S

      RESTAURANT • 2,518 SF
      2577 Hwy 41st S, Greenbrier, TN 37073-4543
      View Details
    • Value Estimation by Request
      6,592 SF

      Swift Rd

      RESTAURANT • 6,592 SF
      Swift Rd, Greenbrier, TN 37073
      View Details
    • Value Estimation by Request
      3,777 SF

      2536 Hwy 41st S

      RESTAURANT • 3,777 SF
      2536 Hwy 41st S, Greenbrier, TN 37073-4544
      View Details
    • Value Estimation by Request
      2,010 SF

      2182 Hwy 41st S

      RESTAURANT • 2,010 SF
      2182 Hwy 41st S, Greenbrier, TN 37073-4533
      View Details
    • Value Estimation
      $1,195,000
      1,384 SF

      2191 Hwy 41st S

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,384 SF
      2191 Hwy 41st S, Greenbrier, TN 37073-4534
      View Details
    • Value Estimation by Request
      3,179 SF

      2131 Hwy 41st S

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,179 SF
      2131 Hwy 41st S, Greenbrier, TN 37073-4534
      View Details

    Similar Nearby for Sale

    • $3,400,000

      Established Business in Robertson County

      Retail property with vendor booths and high traffic location.
      2120 Old Highway 431 S, Greenbrier, TN 37073
      View Details
    • $3,400,000
      20,000 SF

      7 mi from I-24

      Exit 35 (Joelton)
      2120 Old Highway 431, Greenbrier, TN 37073
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    • $5,950,000
      36,850 SF

      Fully Leased Retail/Office Investment Property

      Fully leased retail/office property with diverse tenant mix in Greenbrier.
      2354 Highway 41, Greenbrier, TN 37073
      View Details
    • $3,400,000
      3.12 Acres

      Greenbrier Antique Mall & Building

      Established Antique Mall, High Traffic Location
      2120 Old Highway 431, Greenbrier, TN 37073
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    • $80,000

      Residential Land with Septic System

      Land with septic system installed, perked for 2-bedroom home.
      5548 Abednego Rd, Greenbrier, TN 37073
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    • $3,235,000

      Greenbrier Estate with Farm Amenities

      54+/- acre estate with luxurious home and functional farm amenities.
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    2437 Hwy 41st S
    Greenbrier, TN 37073-4540
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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