Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Drive through restaurants
2727 Mcgavock Pike Nashville, TN 37214-1310
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0064607
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1992
Total area
1,618 SF
Lot
0.54 ac (23,522 SF)
Zoning code
SP
APN
062-00-0-061-00
UPID
US80-0064607
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$555k
Owner & transaction history
Waffle House INC · 5 yrs held
Waffle House INC
since 2020
Last sale
$465,000
4 recorded transactions
Zoning & alternative use
SP · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to promote site specific development in the location, integration, and arrangement of land uses, buildings, structures, utilities, access, transi…
Zone name
Specific Plan
General category
UNKNOWN
Zone area
12,337.12 ac
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$810,000
+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
$630,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$800,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +2% · Conversion: Easy
RETAIL STORES
$750,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $465k (Sep 30 2020)
Last sale anchor
$465k
Sep 30 2020
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
$343 / 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
$6,132
Tax year 2023
Assessed value
$188,440
Assessed 2023
Previous assessed
$188,440
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$51,760
Assessed improvement
$136,680
Land market value
$129,400
Improvement market value
$341,700
Total market value
$471,100
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
1992
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,618 SF
Lot
0.54 ac (23,522 SF)
Zoning code
SP
APN
062-00-0-061-00
UPID
US80-0064607
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Nashville, TNZoning SP · permitted uses
SP · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to promote site specific development in the location, integration, and arrangement of land uses, buildings, structures, utilities, access, transit, parking and streets. A site specific plan shall establish specific limitations and requirements, including any not addressed by this title, so as to respect the unique character and/or charm of abutting neighborhoods and larger community in which the property is located. A specific plan (SP) district may be applied to any property, or within any overlay district established by
Zone name
Specific Plan
General category
UNKNOWN
Zone area
12,337.12 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$810,000
RETAIL STORES
Est. value
$750,000
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
1992
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Waffle House INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 6450, NORCROSS, GA 30091-6450
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
$465,000
Waffle House INC
Ezell Holdings LLC
Warranty Deed
—
Feb 8, 2007
$100,000
Ezell Holdings LLC
Nathaniel P Harris JR
Quit Claim Deed
related
—
Nov 27, 2001
—
Ezell Childrens Trust
Harris & Equipment Co
Quit Claim Deed
related
$8,000,000 · Suntrust Bank NA
Jan 23, 1992
$190,908
Harris & Ezell Equipment Co
Unknown
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2727 Mcgavock Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
