Property profile

3039 Hwy 11w Surgoinsville, TN 37873

OFF-MARKET
Turn key restaurants
Property ID
US80-1991959
2,560 SF 1.22 ac lot Built 1995
Individually Owned 22-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Total area 2,560 SF
Lot 1.22 ac (53,143 SF)
Zoning code R-1
APN 037054 08100
UPID US80-1991959

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3039 Hwy 11w Surgoinsville, TN 37873-5271
Surgoinsville metro Census 50400 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2003
2 recorded transactions
2003
$130,000
1999
$115,000

Zoning & alternative use

R-1 · Surgoinsville, TN
Zoning description

701. R-1 Low Density Residential District. It is the intent of this district to establish low density residential areas along with open areas which appear likely to develop in a similar manner. The requirements for the d…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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