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    Property profile & analytics

    2635 Decatur Pike Athens, TN 37303

    • Drive through restaurants
    • 3,755 SF
    • 1.30 lot acres
    For Sale
    View listing
    $155,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3280421
    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

    • Burger King / Restaurant / Fast Food Restaurant

    Property Details for 2635 Decatur Pike

    Year built
    1988
    Lot size
    1.30 lot acres
    Property size
    3,755 SF
    Zone code
    B-4
    Property type
    Drive through restaurants
    APN
    054046 25000
    APU
    5404625000

    Description

    This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in Athens, Tennessee. Strategically located at I-75 exit 49 and Decatur Pike, the property boasts unparalleled visibility from the interstate, benefiting from approximately 41,537 vehicles daily on I-75 and 19,859 on Decatur Pike. Zoned B3-Intensive Business District, the site allows for a wide range of commercial uses, mirroring the existing mix of hotels, restaurants, and retail establishments in the immediate vicinity. While a creek traverses the property, approximately 1.0 to 1.5 acres remain buildable outside the floodway. Access is convenient via Decatur Pike and a shared road with a Burger King. Existing trees on the site would require removal for development. This prime location offers significant potential for developers seeking to capitalize on the high traffic counts and strong commercial activity in the Athens area, situated midway between Chattanooga and Knoxville. The City of Athens has a population of approximately 14,000, with the greater Athens area boasting a population of around 25,000. The asking price is $155,000, representing a price per acre of $97,826. The property is owned by Hometown Real Estate, LLC and is offered for sale by owner.

    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
    Athens
    County
    Mcminn
    State
    Tennessee
    Longitude
    -84.6468
    Latitude
    35.4641
    CBSA code
    11940
    CBSA name
    ATHENS, TN MICROPOLITAN 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
    2023
    $6,282
    $91,680
    $208,920
    $300,600
    -
    $229,200
    $522,300
    $751,500

    Comparable in this City

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      3,174 SF

      1605 Decatur Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,174 SF
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      View Details
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      1,409 SF

      900 Ingleside Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,409 SF
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      4,042 SF

      104 White St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,042 SF
      104 White St, Athens, TN 37303-4260
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      2,440 SF

      1227 Congress S Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,440 SF
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      3,256 SF

      1888 Congress S Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,256 SF
      1888 Congress S Pkwy, Athens, TN 37303-2855
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    • Value Estimation by Request
      3,013 SF

      1419 Decatur Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,013 SF
      1419 Decatur Pike, Athens, TN 37303-2419
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Versatile space suitable for restaurants and retail with high visibility.
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    • $4,950 /Mo
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      Athens, TN Retail Opportunity: Prime Location
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      Athens, TN: 2,500 SF Office Available
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      Retail Space on Decatur Pike

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      View Details
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    Athens, TN 37303
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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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