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    435 East Main St Hohenwald, TN 38462
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    435 East Main St Hohenwald, TN 38462

    View on Map
    • Drive through restaurants
    • 1,173 SF
    • 0.40 lot acres
    For Sale
    $300,000
    View Listing →
    Freestanding Commercial Building with Drive-Thru For Sale
    $300,000
    1,173 SF

    Freestanding Commercial Building with Drive-Thru

    Commercial building with drive-thru on 0.37 acres in Hohenwald.

    435 East Main Street, Hohenwald, TN 38462
    View Listing
    Property ID
    US80-1939644
    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

    • Sonic Drive-In / Restaurant / Take-out & Catering

    Property Details for 435 East Main St

    Year built
    1975
    Lot size
    0.40 lot acres
    Property size
    1,173 SF
    Zone code
    C-3
    Property type
    Drive through restaurants
    APN
    051035P C 00801
    APU
    051035PC00801

    Description

    This fee-simple Sonic Drive-In in Hohenwald, Tennessee, presents a compelling redevelopment opportunity for developers or users. Located at 435 E Main St, this 1,173 square foot property sits on a highly visible 100+ foot frontage along E Main St, a major retail thoroughfare with approximately 11,880 vehicles passing daily. The property boasts a strong retail presence, neighboring Walmart, Hardee's, McDonald's, and other national brands. Currently operating under a NNN lease with 1.4 years remaining, the property offers a $600,000 asking price, a 5.50% cap rate, and a $33,000 NOI. Built in 1975, this single-tenant property is a top performer, ranking in the 79th percentile for Sonic locations nationwide, with over 460,000 annual visitors according to AlphaMaps data. This location offers significant upside potential for those seeking to capitalize on its prime location and high foot traffic. The property's strong performance and location make it an attractive investment opportunity. The property is located in Lewis County, Tennessee, zip code 38462.

    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
    Hohenwald
    County
    Lewis
    State
    Tennessee
    Longitude
    -87.5421
    Latitude
    35.5507

    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
    $29,400
    $79,240
    $108,640
    -
    $73,500
    $198,100
    $271,600

    Comparable in this City

    • Value Estimation by Request
      2,896 SF

      471 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,896 SF
      471 Main St, Hohenwald, TN 38462-2005
      View Details
    • Value Estimation by Request
      4,042 SF

      348 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,042 SF
      348 Main St, Hohenwald, TN 38462-1535
      View Details
    • Value Estimation by Request
      2,674 SF

      441 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,674 SF
      441 Main St, Hohenwald, TN 38462-2005
      View Details
    • Value Estimation by Request
      2,688 SF

      423 Main St

      RESTAURANT • 2,688 SF
      423 Main St, Hohenwald, TN 38462-1541
      View Details
    • Value Estimation
      $1,650,000
      4,808 SF

      108 Dabbs Ave

      RESTAURANT • 4,808 SF
      108 Dabbs Ave, Hohenwald, TN 38462-1954
      View Details
    • Value Estimation by Request
      6,484 SF

      196 Perkins Plz

      RESTAURANT • 6,484 SF
      196 Perkins Plz, Hohenwald, TN 38462-2071
      View Details

    Similar Nearby for Sale

    • $300,000

      Freestanding Commercial Building with Drive-Thru

      Commercial building with drive-thru on 0.37 acres in Hohenwald.
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    Hohenwald, TN 38462
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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.

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