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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Turn key restaurants
610 Wayne Rd Savannah, TN 38372-1951
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2525296
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Total area
4,749 SF
Lot
0.97 ac (42,314 SF)
Zoning code
B2
APN
036083B B 00100
UPID
US80-2525296
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
-
Halle's Hangout Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$386k
Blend (final)
Blend
$525k
Owner & transaction history
Justins Toll House LLC · 1 yrs held
Justins Toll House LLC
since 2025
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
B2 · Savannah, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$510,000
+42.2%
Commercial (general)
$410,000
+14.6%
Auto repair, garage
$385,000
+8.5%
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 Savannah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savannah 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
$525,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$355,000
Current use
RETAIL STORES
$510,000
Change: +42% · Conversion: Easy
COMMERCIAL (GENERAL)
$410,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$385,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$360,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Apr 15 2025)
Last sale anchor
$525k
Apr 15 2025
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
$111 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,308
Tax year 2023
Assessed value
$257,480
Assessed 2023
Previous assessed
$223,520
+15.2% YoY
Effective rate
2.45%
On assessed value
Assessed land
$57,920
Assessed improvement
$199,560
Land market value
$144,800
Improvement market value
$498,900
Total market value
$643,700
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2004
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
4,749 SF
Lot
0.97 ac (42,314 SF)
Zoning code
B2
APN
036083B B 00100
UPID
US80-2525296
Jurisdiction
HARDIN
Zoning & alternative use
B2 · Savannah, TN
Zoning B2 · permitted uses
B2 · Savannah, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savannah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$355,000
RETAIL STORES
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$360,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.97 ac
Current owner
From public records · entity-resolved
Justins Toll House LLC
Entity
Mailing address
610 WAYNE RD, SAVANNAH, TN 38372-1951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 15, 2025
$525,000
Justins Toll House LLC
Halles Hangout LLC
Warranty Deed
$300,000 · Home Banking Co
Sep 4, 2019
$400,000
Halles Hangout LLC
Freda Neill
Warranty Deed
—
Apr 29, 2004
$159,000
Neill,rusty Etal
Carter Timber An
Trustees Deed
—
Apr 29, 2004
$106,000
Franks,michael Etal
Carter Timber An
Trustees Deed
—
Apr 28, 2004
$139,000
Freda Neill
Mcanally,r H
Warranty Deed
—
Jul 18, 2001
$200,000
Timber Carter
Neill,benny
Grant Deed
—
Jul 17, 2001
$204,025
Benny Neill
Mcanally,r H JR
Grant Deed
—
—
—
Neill Freda K H
—
Loan Modification
related
$383,534 · Hardin Cnty Bk
—
—
Neill Freda K H
—
Loan Modification
related
$383,534 · Hardin Cnty Bk
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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