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    415 Cumberland St W Cowan, TN 37318
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    415 Cumberland St W Cowan, TN 37318

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    • Retail space
    • 2,202 SF
    • 0.32 lot acres
    For Sale
    $249,900
    View Listing →
    Turnkey Restaurant Opportunity in Cowan For Sale
    $249,900
    0.33 Acres

    Turnkey Restaurant Opportunity in Cowan

    Fully furnished restaurant with ample parking and high traffic exposure.

    415 Cumberland St W, Cowan, TN 37318
    View Listing
    Property ID
    US80-0772855
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Paw-Paw’s Country Cookin / Restaurant

    Property Details for 415 Cumberland St W

    Year built
    1982
    Lot size
    0.32 lot acres
    Property size
    2,202 SF
    Property type
    Retail space
    APN
    026077N F 01601
    APU
    026077NF01601

    Description

    This exceptional Cowan, TN commercial property presents a unique investment opportunity. Located at 415 Cumberland St W, this 1,977 square foot retail building sits on a highly visible 0.33-acre corner lot. Currently operating as a successful restaurant with a loyal customer base, the sale includes the building and all existing equipment, providing a turnkey operation for a new owner. The property benefits from its prime location in a high-traffic area, ensuring excellent visibility and accessibility. Ample parking is available, enhancing the convenience for customers and employees. The building's versatile layout makes it suitable for continued restaurant use or adaptable for other retail or office purposes. This is an ideal opportunity for an entrepreneur seeking an established business with significant growth potential or an investor looking for a strong return in a desirable location. The asking price is $290,000. This property offers a rare combination of a thriving business, prime location, and significant upside potential. Don't miss this chance to own a piece of Cowan's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cowan
    County
    Franklin
    State
    Tennessee
    Longitude
    -86.0238
    Latitude
    35.1623
    CBSA code
    46100
    CBSA name
    TULLAHOMA, TN MICROPOLITAN 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
    2022
    $988
    $8,880
    $26,560
    $35,440
    -
    $22,200
    $66,400
    $88,600

    Comparable in this City

    • Value Estimation by Request
      3,660 SF

      302 College N St

      RETAIL STORES (PERSONAL SERVICES) • 3,660 SF
      302 College N St, Cowan, TN 37318-3201
      View Details
    • Value Estimation by Request
      2,574 SF

      215 Cumberland St

      RETAIL STORES (PERSONAL SERVICES) • 2,574 SF
      215 Cumberland St, Cowan, TN 37318
      View Details
    • Value Estimation by Request
      1,230 SF

      201 Cumberland E St

      RETAIL STORES (PERSONAL SERVICES) • 1,230 SF
      201 Cumberland E St, Cowan, TN 37318-3258
      View Details
    • Value Estimation by Request
      3,712 SF

      214 Cumberland E St

      RETAIL STORES (PERSONAL SERVICES) • 3,712 SF
      214 Cumberland E St, Cowan, TN 37318-3287
      View Details
    • Value Estimation by Request
      3,534 SF

      204 Cumberland E St

      RETAIL STORES (PERSONAL SERVICES) • 3,534 SF
      204 Cumberland E St, Cowan, TN 37318-3248
      View Details
    • Value Estimation by Request
      4,057 SF

      112 10th S Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,057 SF
      112 10th S Ave, Cowan, TN 37318-3421
      View Details

    Similar Nearby for Sale

    • $249,900

      Turnkey Restaurant Opportunity in Cowan

      Fully furnished restaurant with ample parking and high traffic exposure.
      415 Cumberland St W, Cowan, TN 37318
      View Details
    • $1,550,000

      Cowan Industrial Facility with Event Space

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      Cowan Mixed-Use Commercial Property

      High-traffic location, 1,472 sq ft. Ready for your business.
      503 Cumberland St, Cowan, TN 37318
      View Details
    View Listing
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    Cowan, TN 37318
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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