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Property profile & analytics
OFF-MARKET
Turn key restaurants
3419 Fly Rd Santa Fe, TN 38482-3122
Individually Owned
8-yr Hold
Free & Clear
Property ID
US80-1870098
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Total area
720 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C-1
APN
060016 02200
UPID
US80-1870098
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
-
Papa Boudreaux's Cajun Cafe Restaurant
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
Ricky Binkley · 8 yrs held
Ricky Binkley
since 2018
7 recorded transactions
Zoning & alternative use
C-1 · Santa Fe, TN
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 Santa Fe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Fe 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$548
Tax year 2023
Assessed value
$28,680
Assessed 2023
Previous assessed
$28,680
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$8,000
Assessed improvement
$20,680
Land market value
$20,000
Improvement market value
$51,700
Total market value
$71,700
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Heating
STEAM
Stories
1
Units
1
Bathrooms
1
Total area
720 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C-1
APN
060016 02200
UPID
US80-1870098
Jurisdiction
MAURY
Zoning & alternative use
C-1 · Santa Fe, TN
Zoning C-1 · permitted uses
C-1 · Santa Fe, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Fe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
STEAM
Stories
1
Units
1
Bathrooms
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Ricky Binkley
Individual
Free & Clear · 8 yrs held
Mailing address
5505 HARGROVE RD, FRANKLIN, TN 37064-9560
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2018
$33,000
Ricky Binkley
Binch,leslie
Warranty Deed
—
May 2, 2006
$33,000
Leslie Binch
Patrick,david R
Warranty Deed
—
Dec 14, 2004
$72,500
Joseph Alberts
Patrick,david R
Warranty Deed
$71,931 · American Home Mortgage INC
Sep 7, 2004
$193,490
Leslie A Binch
Patrick,david R
Warranty Deed
$154,750 · Union Planters National Bank
Aug 29, 2003
$130,000
David R Patrick
Atkins,mark A
Grant Deed
—
Jan 7, 1997
—
Wanda Jean Kelley
—
Deed Of Trust
related
—
Dec 18, 1996
—
Wanda Jean Kelley
—
Deed Of Trust
related
—
Nov 14, 1994
—
Emma Lou Lewis
—
Deed Of Trust
related
—
Sep 7, 1988
$25,000
Wanda Jean Kelley
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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