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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Drive through restaurants
2715 Old Lebanon Pike Nashville, TN 37214-2516
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0283579
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1982
Total area
4,144 SF
Lot
0.66 ac (28,750 SF)
Zoning code
CS
APN
096-01-0-144-00
UPID
US80-0283579
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.39M
Owner & transaction history
Kkj Enterprises LLC · 2 yrs held
Kkj Enterprises LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+1.7%
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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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
Method
Estimation
Statistic approach
$1,305,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,045,000
Current use
COMMERCIAL (GENERAL)
$2,080,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,915,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.45M (Sep 15 2023)
Last sale anchor
$1.45M
Sep 15 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$335 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,001
Tax year 2023
Assessed value
$368,800
Assessed 2023
Previous assessed
$368,800
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$172,520
Assessed improvement
$196,280
Land market value
$431,300
Improvement market value
$490,700
Total market value
$922,000
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
1982
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,144 SF
Lot
0.66 ac (28,750 SF)
Zoning code
CS
APN
096-01-0-144-00
UPID
US80-0283579
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Kkj Enterprises LLC
Entity
Mailing address
1435 STEWARTS FRY PIKE, HERMITAGE, TN 37076-3614
Ownership since
2023
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
Sep 15, 2023
$1,450,000
Kkj Enterprises LLC
Gary Russell Fletcher
Special Warranty Deed
—
Aug 8, 2016
—
Gary R Fletcher
—
Deed
related
$97,115 · Bank Of Tennessee
Nov 17, 2008
—
Fletcher,gary R
—
Trustees Deed
related
$100,000 · Bank Of Tennessee
Dec 27, 2007
—
Gary R Fletcher
Fletcher Harry W JR
Quit Claim Deed
related
—
Nov 28, 2000
$350,000
Harry W Fletcher
Chillicothe Properties INC
Grant Deed
$280,000 · First Union National Bank
—
—
Gary R Fletcher
—
Deed Of Trust
related
$125,000 · Bank Of Tennessee
—
—
Gary R Fletcher
—
Loan Modification
related
$97,115 · Bank Of Tennessee
—
—
Harry W Fletcher
—
Deed Of Trust
related
$275,000 · Regions Bank
—
—
Harry W Fletcher JR.
—
Deed Of Trust
related
$200,000 · Capital Bank & Trust Co
—
—
Gary R Fletcher
—
Deed Of Trust
related
$100,000 · Bank Of Tennessee
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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