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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Turn key restaurants
601 Spg St Johnson City, TN 37604-6841
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1333483
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,040 SF
Lot
60 ac (2,613,600 SF)
APN
046M H 00900
UPID
US80-1333483
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
-
Great Oak Brewing Production Facility Brewery & Distillery
-
Southern Craft BBQ Restaurant
-
Grandview Christian Church - Cityview Campus Church
-
The Gallery: Wedding Venue, Special Events Facility & Catering Johnson City, TN Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$875k
Owner & transaction history
Gp Rmm Holding · 10 yrs held
Gp Rmm Holding
since 2016
7 recorded transactions
Zoning & alternative use
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 Johnson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnson 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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
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
$38 / 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
$601,360
Assessed 2023
Previous assessed
$563,840
+6.7% YoY
Assessed land
$9,880
Assessed improvement
$591,480
Land market value
$24,700
Improvement market value
$1,478,700
Total market value
$1,503,400
Applied tax rate
90.0000
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
23,040 SF
Lot
60 ac (2,613,600 SF)
APN
046M H 00900
UPID
US80-1333483
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
60 ac
Current owner
From public records · entity-resolved
Gp Rmm Holding
Entity
Mailing address
11124 KINGSTON PIKE STE #119, KNOXVILLE, TN 37934-2855
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
—
Rmm Holdings Gp
—
Deed
related
$1,650,000 · Cogent Bank
Mar 16, 2020
—
Rmm Holdings Gp
—
Deed
related
$1,850,000 · Pinnacle Bk
Mar 13, 2020
—
Steven A Sonneberger
—
Deed
related
—
Mar 2, 2016
$938,500
Gp Rmm Holding
Steve A Sonneberger
Warranty Deed
$914,192 · Peoples Bank
Jan 18, 2011
—
Steve A Sonneberger
Sonneberger,lydia A
Quit Claim Deed
related
—
—
—
Rmm Holdings Gp
—
Deed Of Trust
related
$1,850,000 · Pinnacle Bk
—
—
Steven A Sonneberger
—
Loan Modification
related
—
—
—
Sunnys Cafeteria INC
—
Deed Of Trust
related
$758,200 · Washington County Bank
—
—
Sunnys Cafeteria INC
—
Deed Of Trust
related
$758,200 · Washington County Bank
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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