Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    N Main St, TN

    • Turn key restaurants
    • 11,448 SF
    • 2.70 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2020
    $1,238,278
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2724929
    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

    • Turn key restaurants

    Property Details for N

    Year built
    1989
    Lot size
    2.70 lot acres
    Property size
    11,448 SF
    Property type
    Turn key restaurants
    APN
    018074 07101
    APU
    1807407101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $1,630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,280,000
      7%
      $1,245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,040,000
      Geo Method
      $1,315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,055,000
      Retail
      $1,145,000
      Mixed-Use
      $1,215,000
      Hospitality
      $1,095,000
      Educational
      $1,145,000
      Residential Income
      $1,125,000
      Energy
      $1,110,000
      Income-Based Land
      $1,235,000
      Food Service
      $1,255,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Main St
    County
    Cumberland
    State
    Tennessee
    Longitude
    -85.0444
    Latitude
    35.9991
    CBSA code
    18900
    CBSA name
    CROSSVILLE, TN MICROPOLITAN 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
    0
    $0.00
    $176,920
    $353,040
    $529,960
    -
    $442,300
    $882,600
    $1,324,900

    Comparable in this City

    • Value Estimation
      $385,000
      2,700 SF

      Cookeville Boat Dock, TN

      RESTAURANT • 2,700 SF
      13800, Cookeville Boat Dock, TN
      View Details
    • Value Estimation
      $2,710,000
      7,918 SF

      Alpha Valley

      RESTAURANT • 7,918 SF
      Alpha Valley, Home Rd, TN
      View Details
    • Value Estimation by Request
      1,891 SF

      W

      RESTAURANT • 1,891 SF
      W, Lamar Alex Pkwy, TN
      View Details
    • Value Estimation
      $410,000
      10,900 SF

      18286 Minor Hill

      RESTAURANT • 10,900 SF
      18286 Minor Hill, Hwy, TN
      View Details
    • Value Estimation
      $415,000
      4,697 SF

      S

      RESTAURANT • 4,697 SF
      S, Gate Dr, TN
      View Details
    • Value Estimation
      $325,000
      9,664 SF

      Riverside Dr, TN

      RESTAURANT • 9,664 SF
      Riverside Dr, TN
      View Details

    Similar Nearby for Sale

    • $3,072,757
      4,132 SF

      Chipotle Corporate Backed Investment Property

      Fee simple 4,132 SF building on 1.41-acre lot.
      413 Pinnacle Pkwy, Bristol, TN
      View Details
    • $500,000
      7,154 SF

      Commercial Building in Covington, TN

      Commercial building and business for sale near Ford Blue Oval.
      217 Us-51, Covington, TN
      View Details
    • $399,000
      2,797 SF

      Freestanding Retail with Drive-Thru

      2,797 SF retail building with drive-thru on 1.46 acres.
      2101 E Raccoon Vly Dr, Heiskell, TN
      View Details
    • $4,727,273
      4,200 SF

      West Knoxville Retail Ground Lease

      15-year ground lease in a dominant retail location.
      7727 Kingston Pik, Knoxville, TN
      View Details
    • $1,500,000
      3,100 SF

      Versatile Commercial Building Near Development

      Adaptable commercial building suitable for owner-users, restaurants, or bars.
      211 Mcmillin St, Nashville, TN
      View Details
    • $2,253,632
      10,000 SF

      New Retail Construction in Knoxville

      New construction retail property with a corporately guaranteed lease.
      6760 Malone Crk Dr, Knoxville, TN
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,129 SF

      Furnished Retail Space with Patio

      Turnkey retail space with outdoor seating in UT Research Park.
      2730 Cherokee Farm Way, Knoxville, TN
      View Details
    • $1,275,000
      4,400 SF

      Restaurant Space with Ample Parking

      4,400 SF restaurant space with FF&E and parking.
      501 N Cusick St, Alcoa, TN
      View Details
    • Contact for pricing
      2,325 SF

      Retail Space in Proposed Center

      Proposed shopping center with retail and restaurant space for lease.
      Milton Wilson Dr & Airline Rd, Arlington, TN
      View Details
    • $30 SF/Yr
      1,500 SF

      Retail Space on Highway 411

      Retail and restaurant spaces available in future mixed-use development.
      S Us 411 Hwy, Maryville, TN
      View Details
    • $34 SF/Yr
      2,875 SF

      Retail Space in Neighborhood Center

      2,875 SF retail space in a vibrant neighborhood center.
      8058-8080 Tn-100, Nashville, TN
      View Details
    • $35 SF/Yr
      1,200 SF

      Retail/Restaurant Space in Powell, TN

      Retail/Restaurant space available in new Belltown development in Powell, TN.
      4510 Market Bell Way, Powell, TN
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    N
    Main St, TN
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.