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    Property profile & analytics

    500 Market Dr Lenoir City, TN 37771-6463

    • Turn key restaurants
    • 3,344 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimation
    $13,630,000
    Last Sale
    May 26, 2022
    $12,575,000
    Location Intelligence
    Property ID
    US80-1430841
    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

    • Ayalas Mexican Restaurant / Mexican Restaurant / Latin American Restaurant

    Property Details for 500 Market Dr

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.03 lot acres
    Property size
    3,344 SF
    Zone code
    C-3
    Property type
    Turn key restaurants
    APN
    053015 20006
    APU
    5301520006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,330,000
      6.5%
      $11,900,000
      7%
      $11,895,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,170,000
      Geo Method
      $14,080,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,905,000
      Retail
      $12,985,000
      Mixed-Use
      $13,505,000
      Hospitality
      $10,840,000
      Educational
      $12,880,000
      Residential Income
      $13,720,000
      Energy
      $11,355,000
      Income-Based Land
      $11,060,000
      Food Service
      $11,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.2686
    Latitude
    35.8204
    CBSA code
    28940
    CBSA name
    KNOXVILLE, 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
    $285,800
    $336,520
    $622,320
    -
    $714,500
    $841,300
    $1,555,800

    Comparable in this City

    • Value Estimation
      $415,000
      2,606 SF

      540 Hwy 321st N

      RESTAURANT • 2,606 SF
      540 Hwy 321st N, Lenoir City, TN 37771-6542
      View Details
    • Value Estimation by Request
      1,152 SF

      1001 Kingston St

      RESTAURANT • 1,152 SF
      1001 Kingston St, Lenoir City, TN 37771-1638
      View Details
    • Value Estimation
      $370,000
      3,102 SF

      744 Hwy 321st N

      RESTAURANT • 3,102 SF
      744 Hwy 321st N, Lenoir City, TN 37771-6546
      View Details
    • Value Estimation
      $470,000
      5,144 SF

      175 Kaley Ln

      RESTAURANT • 5,144 SF
      175 Kaley Ln, Lenoir City, TN 37771
      View Details
    • Value Estimation
      $770,000
      6,230 SF

      1110 Hwy 321st N

      RESTAURANT • 6,230 SF
      1110 Hwy 321st N, Lenoir City, TN 37771-6665
      View Details
    • Value Estimation
      $605,000
      4,255 SF

      120 Hwy 321st N

      RESTAURANT • 4,255 SF
      120 Hwy 321st N, Lenoir City, TN 37771
      View Details

    Similar Nearby for Sale

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      Lenoir City Land For Sale

      4.77 acre lot in Lenoir City, Tennessee.
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    • $600,000
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      Lenoir City Office Investment Opportunity

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    • $325,000
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      5-Acre Lot in Gated Community

      Private 5-acre lot in a convenient, gated community.
      675 Travellers Way, Lenoir City, TN 37771
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    • $285,000
      3.00 Acres

      Unrestricted Land in Lenoir City

      Three unrestricted acres perfect for building a dream home.
      Grubb Rd, Lenoir City, TN 37771
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    • $1,625,000
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      Commercial Land Near Interstate 40

      5 acres of commercial land near Interstate 40 and Highway 321.
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    • $800,000

      Lenoir City Land Opportunity

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    Similar Nearby for Lease

    • $30 SF/Yr
      8,300 SF

      New Retail Center on Highway

      New retail center with high visibility and drive-thru potential.
      780 S 321, Lenoir City, TN 37771
      View Details
    • $24 SF/Yr
      2,080 SF

      Lenoir City Retail Space Available

      2080 SF retail space in grocery-anchored Lenoir City location.
      875 Highway 321 N, Lenoir City, TN 37771
      View Details
    • Contact for pricing
      31,846 SF

      Lenoir City Retail Space

      Retail property available for lease in Lenoir City, TN.
      455 Highway 321 N, Lenoir City, TN 37771
      View Details
    • $24 SF/Yr
      2,080 SF

      Lenoir City Retail Space Available

      2080 SF retail space in grocery-anchored Lenoir City center.
      875 S 321, Lenoir City, TN 37771
      View Details
    • $15 SF/Yr
      12,000 SF

      Versatile Property with Interstate Visibility

      Two buildings totaling 12,000 SF with outdoor storage.
      14395 Hickory Creek Rd, Lenoir City, TN 37771
      View Details
    • $18 SF/Yr
      58,124 SF

      Spring Cress Office Park: Lenoir City, TN

      Class A Medical Office Space Available
      501 Adesa Blvd, Lenoir City, TN 37771
      View Details
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    500 Market Dr
    Lenoir City, TN 37771-6463
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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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