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    Property profile & analytics

    2547 Morris Blvd Morristown, TN 37813-1900

    • Drive through restaurants
    • 3,169 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    $3,145,000
    Last Sale
    Oct 03, 2022
    $3,450,000
    Location Intelligence
    Property ID
    US80-1702166
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 2547 Morris Blvd

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.94 lot acres
    Property size
    3,169 SF
    Zone code
    HI
    Property type
    Drive through restaurants
    APN
    032034F I 00801
    APU
    032034FI00801

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,165,000
      6.5%
      $3,465,000
      7%
      $3,670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,950,000
      Geo Method
      $3,785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,765,000
      Retail
      $3,710,000
      Mixed-Use
      $3,500,000
      Hospitality
      $3,245,000
      Educational
      $3,290,000
      Residential Income
      $4,100,000
      Energy
      $3,610,000
      Income-Based Land
      $3,980,000
      Food Service
      $3,480,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.2618
    Latitude
    36.2229
    CBSA code
    34100
    CBSA name
    MORRISTOWN, 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
    $180,800
    $179,200
    $360,000
    -
    $452,000
    $448,000
    $900,000

    Comparable in this City

    • Value Estimation
      $700,000
      2,424 SF

      2323 Morris Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,424 SF
      2323 Morris Blvd, Morristown, TN 37813-1942
      View Details
    • Value Estimation
      $2,040,000
      3,492 SF

      127 Morris Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,492 SF
      127 Morris Blvd, Morristown, TN 37813-2340
      View Details
    • Value Estimation by Request
      3,983 SF

      5254 Davy Crockett Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,983 SF
      5254 Davy Crockett Pkwy, Morristown, TN 37813-3905
      View Details
    • Value Estimation
      $195,000
      2,883 SF

      4397 Morris Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,883 SF
      4397 Morris Blvd, Morristown, TN 37813-1265
      View Details
    • Value Estimation by Request
      2,778 SF

      117 Morris Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,778 SF
      117 Morris Blvd, Morristown, TN 37813-2233
      View Details
    • Value Estimation
      $295,000
      3,641 SF

      409 Morris Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,641 SF
      409 Morris Blvd, Morristown, TN 37813-2346
      View Details

    Similar Nearby for Sale

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      Commercial property for sale in Morristown, Tennessee, near Sonic.
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    • $499,900
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      Established Retail/Service Business Opportunity

      Retail/service business with ample parking on busy Morris Boulevard.
      5218 E Morris Blvd, Morristown, TN 37813
      View Details
    • $300,000
      1,891 SF

      Retail Property on Davy Crockett

      Retail property with frontage on Davy Crockett Parkway in Morristown.
      5430 S Davy Crockett Pkwy, Morristown, TN 37813
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    • $310,000
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      Turnkey Commercial Space in Morristown

      Equipped commercial space suitable for various business ventures.
      316 Beech St, Morristown, TN 37813
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    • Contact for pricing
      28.42 Acres

      Veterans Parkway Commercial Land

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    • $549,900
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      Morristown Land: 17 Acres, Mountain Views

      Prime TN acreage, residential/agricultural potential.
      4343 Maple Valley Rd, Morristown, TN 37813
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    Similar Nearby for Lease

    • Contact for pricing
      23,900 SF

      Crockett Square: Retail Space Available

      Prime Walmart shadow center; 1,600 SF available.
      463 Davy Crockett Pkwy, Morristown, TN 37813
      View Details
    • $2,000 /Mo
      23,958 SF

      Morristown Automotive Lot For Lease

      High-visibility automotive lot on South Cumberland Street available for lease.
      1315 S Cumberland St, Morristown, TN 37813
      View Details
    • Contact for pricing
      107,122 SF

      Crockett Square Retail Center

      Morristown, TN Retail Space Available
      507 Davy Crockett Pkwy, Morristown, TN 37813
      View Details
    • $5,833 /Mo

      Morristown Acreage Near I-81

      1.36 acres for lease near I-81 and local businesses.
      5254 S Davy Crockett Pkwy, Morristown, TN 37813
      View Details
    • $5 SF/Yr
      16,000 SF

      Morristown Warehouse Space For Lease

      16,000 SF warehouse space with shared loading docks.
      1145 Urban Dr, Morristown, TN 37813
      View Details
    • $3 SF/Yr
      50,000 SF

      Morristown Warehouse Space Available

      50000 square foot warehouse space for lease.
      325 Industrial Ave, Morristown, TN 37813
      View Details
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    Morristown, TN 37813-1900
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    Realmo Value Estimation

    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.

    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.

    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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