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    Property profile & analytics

    5029 Bobby Hicks Hwy Gray, TN 37615-6209

    • Drive through restaurants
    • 3,567 SF
    • 194.00 lot acres
    OFF-MARKET
    Value Estimation
    $2,390,000
    Last Sale
    Apr 08, 2025
    $2,775,144
    Location Intelligence
    Property ID
    US80-1640100
    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

    • Burger King / Restaurant / Fast Food Restaurant

    Property Details for 5029 Bobby Hicks Hwy

    Year built
    1988
    Construction
    WOOD
    Lot size
    194.00 lot acres
    Property size
    3,567 SF
    Zone code
    B-3
    Property type
    Drive through restaurants
    APN
    012P A 01200
    APU
    012PA01200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,985,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,875,000
      6.5%
      $3,000,000
      7%
      $2,835,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,635,000
      Geo Method
      $2,905,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,410,000
      Retail
      $2,710,000
      Mixed-Use
      $2,715,000
      Hospitality
      $2,695,000
      Educational
      $2,585,000
      Residential Income
      $2,675,000
      Energy
      $2,820,000
      Income-Based Land
      $3,060,000
      Food Service
      $3,105,000

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4752
    Latitude
    36.41
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, 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
    $155,480
    $184,120
    $339,600
    -
    $388,700
    $460,300
    $849,000

    Comparable in this City

    • Value Estimation by Request
      4,386 SF

      4525 Roan St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,386 SF
      4525 Roan St, Johnson City, TN 37615-4647
      View Details
    • Value Estimation
      $1,955,000
      2,781 SF

      2700 Boones Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,781 SF
      2700 Boones Crk Rd, Johnson City, TN 37615-4623
      View Details
    • Value Estimation by Request
      4,622 SF

      5016 Bobby Hicks Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,622 SF
      5016 Bobby Hicks Hwy, Gray, TN 37615-6206
      View Details
    • Value Estimation
      $430,000
      3,378 SF

      165 Old Gray Sta Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,378 SF
      165 Old Gray Sta Rd, Gray, TN 37615-3470
      View Details
    • Value Estimation
      $250,000
      1,200 SF

      2866 Boones Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,200 SF
      2866 Boones Crk Rd, Johnson City, TN 37615-4655
      View Details
    • Value Estimation
      $1,490,000
      2,555 SF

      1106 Spratlin Park Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,555 SF
      1106 Spratlin Park Dr, Gray, TN 37615-3199
      View Details

    Similar Nearby for Sale

    • $499,900
      1,600 SF

      Established Coffee House in Gray, TN

      Thriving coffee shop for sale in a prime location.
      5049 Bobby Hicks Hwy, Johnson City, TN 37615
      View Details
    • $699,000
      3,240 SF

      Retail Property on Major Highway

      Retail space with high traffic count in convenient location.
      4903 N Roan St, Johnson City, TN 37615
      View Details
    • $525,000
      0.85 Acres

      Commercial Space in Johnson City

      Centrally located commercial space suitable for various business uses.
      127 Cherry St, Johnson City, TN 37615
      View Details
    • $275,000
      1.00 Acre

      Prime Johnson City Industrial Land

      High-visibility lot, ideal for retail or office.
      5700 Bobby Hicks Hwy, Johnson City, TN 37615
      View Details
    • $1,000,000
      1.20 Acres

      Johnson City Commercial Land

      1.2-acre development opportunity in booming TN market.
      107 Roscoe Fitz Rd, Johnson City, TN 37615
      View Details
    • Contact for pricing
      Pending

      Residential Land in Gray, TN

      Land suitable for a multi-storied house with view.
      Ridgeheights Dr, Gray, TN 37615
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Interstate Accessible Land in Gray, TN

      Large acreage with visibility and access off Suncrest Drive.
      Mohler Rd, Johnson City, TN 37615
      View Details
    • $12 SF/Yr
      9,000 SF

      9,000 SF Flex Space

      Versatile flex space in Johnson City, convenient to I-26.
      60 Great Oak Way, Johnson City, TN 37615
      View Details
    • $4,000 /Mo
      11,000 SF

      Functional Flex Space in Boones Creek

      Clear span flex space suitable for sales, service, or distribution.
      115 Mary St, Johnson City, TN 37615
      View Details
    • $14 SF/Yr
      1,200 SF

      Office Space in Boones Creek

      Office suite for lease in a retail center.
      4729 N Roan St, Johnson City, TN 37615
      View Details
    • $1,700 /Mo
      1,290 SF

      Boone Ridge Office Space Available

      Professional office space in convenient Boones Creek location.
      119 Boone Ridge Dr, Johnson City, TN 37615
      View Details
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    Gray, TN 37615-6209
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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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