Property profile

5029 Bobby Hicks Hwy Gray, TN 37615

OFF-MARKET
Drive through restaurants
Property ID
US80-1640100
3,567 SF 194 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1988
Construction WOOD
Total area 3,567 SF
Lot 194 ac (8,450,640 SF)
Zoning code B-3
APN 012P A 01200
UPID US80-1640100

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

5029 Bobby Hicks Hwy Gray, TN 37615-6209
Gray metro Census 61500 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.42M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.99M

Owner & transaction history

since 2025
Last sale
$2.8M
4 recorded transactions
2025
Price N/A
2025
$2.8M
2025
$2.3M
1988
$125,000

Zoning & alternative use

B-3 · Gray, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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