Property profile

8503 State Hwy 73 Townsend, TN 37882

OFF-MARKET
Turn key restaurants
Property ID
US80-1292209
3,444 SF 0.66 ac lot Built 1947
Individually Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Construction WOOD
Total area 3,444 SF
Lot 0.66 ac (28,750 SF)
Zoning code B-1
APN 005097 04800
UPID US80-1292209

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8503 State Hwy 73 Townsend, TN 37882-4310
Townsend metro Census 11401 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2023
3 recorded transactions
2023
$1.5M
2000
$166,375
1994
Price N/A

Zoning & alternative use

B-1 · Townsend, TN
Zoning description

1. Freestanding signs in B-1, General Business District are subject to the following standards: a.) Each parcel may be permitted one (1) freestanding sign per parcel, if the parcel is occupied by an enclosed permanent st…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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