906 Turner St Maryville, TN 37801-3840
Property profile & analytics
906 Turner St, Maryville, TN 37801-3840
- Turn key restaurants
- 6,088 SF
- 0.95 lot acres
Property ID
US80-0243449
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.
Location Intelligence
Current Use by Public Records
- Pardon My Cheesesteak / Courier Service / Postal Service
- TenderFix by Noah Schnapp / Restaurant
- IHOP / Restaurant
Property Details for 906 Turner St
- Year built
- 1997
- Construction
- FRAME
- Lot size
- 0.95 lot acres
- Property size
- 6,088 SF
- Zone code
- HIR
- Property type
- Turn key restaurants
- APN
- 005057G A 00703
- APU
- 005057GA00703
Description
This exceptional investment opportunity presents a 5,000 square foot IHOP restaurant located at 906 Turner St, Maryville, TN 37801. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $157,000. Offered at $2,242,857, this represents a land value of $368 per square foot. The property features a single-tenant, absolute NNN lease with IHOP Leasing, LLC, a subsidiary of Dine Brands Global, Inc., ensuring minimal landlord responsibilities. The current lease has four years remaining, providing immediate cash flow and long-term stability. Originally built in 1997, the IHOP location has a proven track record, with the current lease being an extension from a lease initially signed in December 1998. This strategically located restaurant benefits from its proximity to major retailers, including a Home Depot and a Target-anchored power center, and is situated across US Hwy 321 from the Foothills Mall, a regional shopping center with approximately 70 stores and restaurants. Recent improvements to Foothills Mall Drive have enhanced traffic flow in the area, further increasing visibility and accessibility to the property. The IHOP brand's long-standing history and resilience contribute to the investment's overall strength and potential for continued success. This is an ideal opportunity for passive investors seeking a stable, high-return investment in a thriving retail environment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,160,000
- ML approach
- $2,105,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,450,000 Current use
- COMMERCIAL (GENERAL)
- $1,785,000 Change: +23% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Maryville
- County
- Blount
- State
- Tennessee
- Longitude
- -83.9957
- Latitude
- 35.7529
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN 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
2022
$13,991
$342,480
$277,080
$619,560
-
$856,200
$692,700
$1,548,900
