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Property profile & analytics
FOR SALE
Retail space

555 W Bockman Way Sparta, TN 38583

2,882 SF 0.33 ac lot Built 1967
Individually Owned 6-yr Hold Free & Clear
Property ID
US80-1206593
Property summary
AI-generated overview

This exceptional restaurant property at 555 W Bockman Way, Sparta, Tennessee, presents a lucrative investment opportunity. The 3,000 square foot building, constructed in 1967, sits on a 0.27-acre lot and is zoned for commercial use. Currently, the property is divided into two units. One unit, comprising 1,500 square feet, is occupied by a Papa John's Pizza franchise. The second unit, also 1,500 square feet, is vacant and ready for immediate occupancy by a new tenant. The property boasts excellent visibility and ample parking, situated on a high-traffic street with a daily traffic count exceeding 44,000 vehicles. This presents a unique chance to acquire a well-located, established restaurant with potential for immediate income generation and future expansion. The asking price for this turnkey operation is $750,000. The property's location in White County, Tennessee, with a 38583 zip code, offers easy access to local amenities and a strong customer base. This is an ideal opportunity for an experienced restaurateur or investor seeking a profitable venture in a thriving community. The property's size and layout offer flexibility for a variety of restaurant concepts.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1967
Construction FRAME
Total area 2,882 SF
Lot 0.33 ac (14,325 SF)
Zoning code C-D
APN 093049P E 00800
UPID US80-1206593
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
  • Papa Johns Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Inderjit K Heer · 6 yrs held
Inderjit K Heer
since 2020
Last sale
$205,000
3 recorded transactions
2021
Price N/A
2020
$205,000
2019
Price N/A
Zoning & alternative use
C-D · Sparta, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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