Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5641 Erwin Hwy Chuckey, TN 37641-6220

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5641 Erwin Hwy Chuckey, TN 37641-6220

    View on Map
    • Turn key restaurants
    • 4,024 SF
    • 5.00 lot acres
    Off-Market
    Property ID
    US80-3001714
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • County Line Pie / Restaurant

    Property Details for 5641 Erwin Hwy

    Year built
    2002
    Lot size
    5.00 lot acres
    Property size
    4,024 SF
    Zone code
    A-1
    Property type
    Turn key restaurants
    APN
    030113 03306
    APU
    3011303306

    Description

    This thriving restaurant in Chuckey, Tennessee, presents a unique investment opportunity. Located at 5641 Erwin Hwy, this 2,856 square foot single-tenant property sits on 1.5 acres of land and boasts over 40 parking spaces, plus potential overflow parking. The building is fully operational, equipped with all necessary restaurant appliances and equipment, including a walk-in freezer and cooler. A detailed equipment list is available upon request. The property features ample indoor and outdoor seating and a convenient drive-thru, catering to the high volume of traffic on Highway 107. Its A1 zoning and prime location in the Greene County, Tri-Cities submarket ensure strong visibility and consistent customer flow. The property is served by Greeneville Light and Power. The property's APN is 113 033.06. This turnkey operation is ideal for an owner-operator seeking an established, profitable business with significant growth potential. Serious inquiries only. Please respect the business operations and contact the listing office for a private showing and further details. This is a fully operational restaurant, and access is by appointment only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chuckey
    County
    Greene
    State
    Tennessee
    Longitude
    -82.6905
    Latitude
    36.145
    CBSA code
    24620
    CBSA name
    GREENEVILLE, TN MICROPOLITAN 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
    2023
    $2,468
    $35,920
    $113,680
    $149,600
    -
    $89,800
    $284,200
    $374,000

    Comparable in this City

    • Value Estimation
      $740,000
      17,315 SF

      7700 Erwin Hwy

      RESTAURANT • 17,315 SF
      7700 Erwin Hwy, Chuckey, TN 37641-6357
      View Details
    • Value Estimation by Request
      4,606 SF

      7475 Andrew Johnson Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,606 SF
      7475 Andrew Johnson Hwy, Chuckey, TN 37641-5302
      View Details
    • Value Estimation by Request
      4,128 SF

      250 Stockton Rd

      AUTO REPAIR, GARAGE • 4,128 SF
      250 Stockton Rd, Chuckey, TN 37641-5901
      View Details
    • Value Estimation by Request
      5,808 SF

      2634 Hwy 107

      AUTO REPAIR, GARAGE • 5,808 SF
      2634 Hwy 107, Chuckey, TN 37641-2430
      View Details
    • Value Estimation by Request
      2,516 SF

      6190 Erwin Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,516 SF
      6190 Erwin Hwy, Chuckey, TN 37641-6216
      View Details
    • Value Estimation by Request
      2,680 SF

      Andrew Johnson Hwy

      AUTO REPAIR, GARAGE • 2,680 SF
      Andrew Johnson Hwy, Chuckey, TN 37641
      View Details

    Similar Nearby for Sale

    • $379,000
      3,732 SF

      Restaurant and Residential Space Available

      Commercial and residential property with restaurant and living space.
      8310 E Andrew Johnson Hwy, Chuckey, TN 37641
      View Details
    • $37,500
      43,995 SF

      East Tennessee Land Opportunity

      Land with mountain views near Graysburg Hills Golf Course.
      48 Chimney Top Ln, Chuckey, TN 37641
      View Details
    • $39,999
      Pending

      Residential Land in Chuckey, TN

      0.57+/- acre wooded lot with mountain views.
      1320 Corby Bridge Rd, Chuckey, TN 37641
      View Details
    • $34,900
      1.15 Acres

      Golf Course Homesite Opportunity

      1.15-acre homesite on a premier golf course.
      Chimney Top Ln, Chuckey, TN 37641
      View Details
    • $32,000
      0.51 Acres

      Unrestricted Land with Mountain Views

      0.51 acre unrestricted land with mountain views near Greeneville.
      Honeysuckle Ln, Chuckey, TN 37641
      View Details
    • New
      $115,000
      5.00 Acres

      Land with Mountain Views

      5-acre lot with mountain views in East Tennessee.
      190 Treadway Rd, Chuckey, TN 37641
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5641 Erwin Hwy
    Chuckey, TN 37641-6220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!