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    11122 State Highway 58 S Road Decatur, TN 37322

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    Claim this Listing
    New
    For Sale
    $649,900

    COMMERCIAL - Decatur, TN

    Property size:
    2,852 SF
    Lot size:
    1.20 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 11 at 11:06 pm

    Property Features for 11122 State Highway 58 S Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Garage, Parking Lot
    Security features
    Security
    Interior features
    Wired for Data, Storage, Open Floorplan, High Speed Internet, High Ceilings, Built-in Features, Ceiling Fan(s)
    Exterior features
    Rain Gutters
    Fencing
    Fenced
    Standard status
    Active
    APN
    062 028.00
    Size
    2,852 SF
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    558

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Cooling system
    Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    1990
    Flooring type
    Concrete
    Building materials
    Block, Stone
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Spencer Morrow

    Listing agent Spencer Morrow License #370173

    Listing office KW Cleveland 140 Interstate Dr NW, Cleveland, TN

    Listing date Apr 8, 2026

    MLS# 20261854

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Automotive Repair Opportunity

    This commercial property presents a turnkey automotive repair opportunity, situated on a high-visibility corner location on Highway 58 S. The property features multiple service bays and ample gravel parking. It also includes strong road frontage, a customer/lobby area, two bathrooms, office space, and additional work/storage space. Additional features include approximately 6-year-old 12-ft lifts, high-speed internet, well water, and propane heat with a 500-gallon tank, carport, and shed. The sale includes most equipment, tools, and shop contents, allowing for immediate operation. The property offers a functional layout suitable for automotive repair or similar commercial uses, with easy access and excellent exposure. The owner is willing to remain for a transition period to assist new ownership and help ensure a smooth handoff. The property is zoned commercial and has a lot size of 1.2 acres. The building size is 2852 square feet. It is located in Decatur, TN. The property is located on State Highway 58 S Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Auto Repair Shop Auto Parts Store Department Store Garden Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Meigs
    State
    Tennessee
    Longitude
    -84.849694
    Latitude
    35.438246

    Nearby Similar for Sale

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    • $1,700,000
      1,968 SF

      Turnkey RV Park Opportunity

      Expanding RV park with immediate income and expansion potential.
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    FAQs

    What type of property is this?
    Automotive property - High-visibility corner location, multiple service bays, ample parking, equipment included.
    Where is this automotive property located?
    The property is located at 11122 State Highway 58 S Road Decatur, TN.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Turnkey automotive repair business opportunity with equipment, tools, and shop contents included for immediate operation.; High‑visibility corner location on Hwy 58 S with strong road frontage and easy access.; Multiple service bays, ample gravel parking, customer/lobby area, and office space.
    (423) 650-0448
    We can help!
    Listing Contact
    Spencer Morrow
    Real Estate License ID: 370173
    Learn More
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    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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