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Property profile & analytics
OFF-MARKET
Drive through restaurants
2702 Roan St, Johnson City, TN 37601-1710
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-0542664
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1983
Construction
WOOD
Total area
3,202 SF
Lot
1.82 ac (79,279 SF)
APN
038A B 00101
UPID
US80-0542664
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
-
Hardee's Restaurant Take-out & Catering
-
Uptown properties Real Estate Agency
-
Dana Newsome Real Estate Agency
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
Spirit Master Funding Vii LLC · 12 yrs held
Spirit Master Funding Vii LLC
since 2014
3 recorded transactions
Zoning & alternative use
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 Johnson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnson City 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
Property tax & assessments
Assessed value
$373,640
Assessed 2023
Previous assessed
$373,640
+0.0% YoY
Assessed land
$229,640
Assessed improvement
$144,000
Land market value
$574,100
Improvement market value
$360,000
Total market value
$934,100
Applied tax rate
90.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
3,202 SF
Lot
1.82 ac (79,279 SF)
APN
038A B 00101
UPID
US80-0542664
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Spirit Master Funding Vii LLC
Entity
Mailing address
7490 CLUBHOUSE RD STE #200, BOULDER, CO 80301-3720
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2014
$1,200,000
Spirit Master Funding Vii LLC
Spirit Spe Portfolio 2012
Special Warranty Deed
$1,200,000 · Citibank
Apr 4, 2013
—
Spirit Spe Portfolio 2012-5 Ll
—
Deed Of Trust
related
$25,000,000 · Alliance Bank Of Arizona
Jan 2, 2013
$1,156,420
Spirit Spe Portfolio 2012-5 Ll
Restaurant Mgmt Group LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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