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    Property profile & analytics

    68 Morgan Cir, Unit 68 Petersburg, TN 37144-7644

    • Retail space
    • 1,980 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Last Sale
    Jun 28, 2023
    $210,000
    Location Intelligence
    Property ID
    US80-3548377
    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

    • PETERSBURG POLICE SPEEDTRAP / Government Office
    • Crossroads Mealhouse / Restaurant

    Property Details for 68 Morgan Cir

    Year built
    2012
    Construction
    WOOD
    Lot size
    0.52 lot acres
    Property size
    1,980 SF
    Property type
    Retail space
    APN
    4003
    APU
    4003

    Description

    This thriving restaurant, Crossroads Mealhouse, presents a unique opportunity for ownership in Petersburg, TN. Located on Highway 431, the property boasts approximately 400 feet of road frontage, ensuring high visibility and accessibility. The 1,800 square foot building sits on a 0.52-acre lot and comfortably seats 69 patrons. Included in the sale are most of the restaurant's equipment, tables, chairs, dishes, and some inventory. The option to acquire the established restaurant name is also available. Note that some items belong to vendors and are not included. The property features two HVAC units, one of which is only three years old, providing efficient climate control. Additional features include a 12x5 storage closet and two half-bathrooms. A stainless steel hot bar and cold bar, housed in a storage container, are also part of the sale. The property's leasehold items include a dumpster, propane tank, and grease catcher. This turnkey operation is priced at $315,000 and offers immediate potential for continued success.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $250,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $250,000
      Mixed-Use
      $260,000
      Hospitality
      $260,000
      Educational
      $270,000
      Residential Income
      $235,000
      Energy
      $275,000
      Income-Based Land
      $270,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Lincoln
    State
    Tennessee
    Longitude
    -86.6327
    Latitude
    35.2977

    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
    2022
    $554
    $3,280
    $23,080
    $26,360
    -
    $8,200
    $57,700
    $65,900

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      204 Southside Sq

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      204 Southside Sq, Petersburg, TN 37144-5235
      View Details
    • Value Estimation by Request
      3,120 SF

      200 Southside Sq

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      200 Southside Sq, Petersburg, TN 37144-5235
      View Details
    • Value Estimation by Request
      3,520 SF

      212 Southside Sq

      RETAIL STORES (PERSONAL SERVICES) • 3,520 SF
      212 Southside Sq, Petersburg, TN 37144-5235
      View Details
    • Value Estimation by Request
      1,482 SF

      3314 Lewisburg Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,482 SF
      3314 Lewisburg Hwy, Petersburg, TN 37144-5043
      View Details
    • Value Estimation by Request
      2,198 SF

      106 High St

      RETAIL STORES (PERSONAL SERVICES) • 2,198 SF
      106 High St, Petersburg, TN 37144-5105
      View Details
    • Value Estimation by Request
      910 SF

      2673 Lewisburg Hwy

      RETAIL STORES (PERSONAL SERVICES) • 910 SF
      2673 Lewisburg Hwy, Petersburg, TN 37144
      View Details
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    68 Morgan Cir, Unit 68
    Petersburg, TN 37144-7644
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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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