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    Property profile & analytics

    3053 1st St Milan, TN 38358-3109

    • Drive through restaurants
    • 2,606 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $180,000
    Location Intelligence
    Property ID
    US80-0521562
    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 3053 1st St

    Year built
    2011
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    2,606 SF
    Property type
    Drive through restaurants
    APN
    140E A 00600
    APU
    140EA00600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.7543
    Latitude
    35.9156
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN 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
    0
    $0.00
    $58,800
    $165,240
    $224,040
    -
    $147,000
    $413,100
    $560,100

    Comparable in this City

    • Value Estimation
      $440,000
      4,156 SF

      6076 1st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,156 SF
      6076 1st St, Milan, TN 38358-3131
      View Details
    • Value Estimation
      $310,000
      2,082 SF

      6045 1st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,082 SF
      6045 1st St, Milan, TN 38358-3132
      View Details
    • Value Estimation
      $220,000
      1,868 SF

      Van Hook St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,868 SF
      Van Hook St, Milan, TN 38358
      View Details
    • Value Estimation
      $55,000
      3,616 SF

      3099 1st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,616 SF
      3099 1st St, Milan, TN 38358-3109
      View Details
    • Value Estimation
      $190,000
      2,962 SF

      2096 Van Hook St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,962 SF
      2096 Van Hook St, Milan, TN 38358-2835
      View Details
    • Value Estimation
      $200,000
      2,509 SF

      2050 Van Hook St

      RESTAURANT • 2,509 SF
      2050 Van Hook St, Milan, TN 38358-2808
      View Details

    Similar Nearby for Sale

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      1,143 SF

      Milan Tavern Opportunity For Sale

      Stand-alone building in high-traffic area, currently a working tavern.
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    • $650,000
      5,000 SF

      Modern Auto Shop For Sale

      High-quality, two-year-old, 5,000 sq ft auto shop in Milan, TN.
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    • $1,700,000
      Pending

      Land with Existing Structures, Milan

      5.5 acres on US 45 with existing structures and storage.
      12533 S 1St St, Milan, TN 38358
      View Details
    • $650,000
      5,000 SF

      Prime Milan Industrial Property

      5,000 SF Warehouse/Auto Shop
      3029 Highland St, Milan, TN 38358
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    • $811,750
      95.50 Acres

      Productive Row Crop Farm Land

      95.5 acre farm located near Milan, Tennessee.
      Trenton Hwy, Milan, TN 38358
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      Prime Commercial Land in Milan

      7+/- acres of high-visibility land perfect for development.
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    Similar Nearby for Lease

    • $12 SF/Yr
      38,225 SF

      Milan Executive Office Suites

      Prime Walmart shadow center space available.
      15423 1St St, Milan, TN 38358
      View Details
    • Contact for pricing
      2,082 SF

      Retail Space with Great Visibility

      Adaptable retail space with ample parking and brand exposure.
      6045 S 1St St, Milan, TN 38358
      View Details
    • Contact for pricing
      294,425 SF

      Renovated Industrial Property Off I-40

      Industrial property between Nashville and Memphis, ready for immediate occupancy.
      4071 Denton Fly Rd, Milan, TN 38358
      View Details

    Property Visit Statistics

    • Visits by month
      11.0k
    • Visitors by month
      7.6k
    • Avg Time on site
      11 min
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    3053 1st St
    Milan, TN 38358-3109
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    Realmo Value Estimation

    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.

    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.

    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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