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Property profile & analytics
OFF-MARKET
Estimated value
$12,145,000
Turn key restaurants
500 Market Dr Lenoir City, TN 37771-6463
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1430841
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Construction
FRAME
Total area
3,344 SF
Lot
1.03 ac (44,867 SF)
Zoning code
C-3
APN
053015 20006
UPID
US80-1430841
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
-
Ayalas Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.15M
Owner & transaction history
Tkc Cccxviii LLC · 4 yrs held
Tkc Cccxviii LLC
since 2022
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
C-3 · Lenoir City, 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 Lenoir City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir City 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
Method
Estimation
Statistic approach
$14,495,000
ML approach
$8,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.15M
Range $10.93M – $13.36M · ±10% · vs last sale $12.58M (May 26 2022)
Last sale anchor
$12.58M
May 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3,632 / SF
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
Property tax & assessments
Assessed value
$622,320
Assessed 2023
Previous assessed
$604,320
+3.0% YoY
Assessed land
$285,800
Assessed improvement
$336,520
Land market value
$714,500
Improvement market value
$841,300
Total market value
$1,555,800
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2009
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
3
Bathrooms
2
Total area
3,344 SF
Lot
1.03 ac (44,867 SF)
Zoning code
C-3
APN
053015 20006
UPID
US80-1430841
Jurisdiction
LOUDON
Zoning & alternative use
C-3 · Lenoir City, TN
Zoning C-3 · permitted uses
C-3 · Lenoir City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenoir City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Bathrooms
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Tkc Cccxviii LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4500 CAMERON VLY PKWY STE #400, CHARLOTTE, NC 28211-3591
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$12,575,000
Tkc Cccxviii LLC
Woodard Properties Lenoir City LLC
Special Warranty Deed
—
May 17, 2018
—
Woodard Prop Lenoir City LLC
Town Crk At Knoxville 2013 LLC
Quit Claim Deed
related
—
May 17, 2018
$9,400,000
Woodard Prop Lenoir City LLC
Town Crk At Knoxville 2013 LLC
Grant Deed
—
Jul 3, 2013
—
At Knoxville 20 Town Creek
At Knoxville Ll Town Creek
Quit Claim Deed
related
—
Jul 13, 2012
$12,140,000
Town Creek At Knoxville LLC
Town Creek LLC
Grant Deed
—
Jul 13, 2012
—
Town Creek At Knoxville LLC
Town Creek LLC
Quit Claim Deed
related
$6,750,000 · Clayton Bank & Trust
—
—
Town Creek At Knoxville LLC
—
Loan Modification
related
$550,000 · Clayton Bank & Trust
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.
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