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    1182 E Main Street Parsons, TN 38363

    View on Map
    For Sale
    $1,500,000

    COMMERCIAL - Parsons, TN

    Type:Retail
    Property size:
    7,140 SF
    Lot size:
    1.19 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 1182 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking
    40
    Security features
    Security System
    Standard status
    Active
    APN
    053 002.01
    Size
    7,140 SF
    Lot size
    1.19 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3100

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Lori Yarbro
    Lori Yarbro

    Listing agent Lori Yarbro License #357357

    Listing office Evans Real Estate 18 W 2nd Street, Parsons, TN

    Listing date Mar 12, 2026

    MLS# 2601043

    Copyright © 2026 Central West Tennessee 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 Grocery Store Opportunity

    This is an opportunity to purchase an established local grocery store, available after 49 years under the same family ownership. The property includes a 7,140 square foot building, featuring a 5,000 square foot showroom suitable for inventory, display, and daily operations. The store is located in Parsons, Tennessee. The business currently operates 12 hours a day, Monday through Saturday, and 5 hours on Sunday. Updated LED lighting has been installed. The store also features its own butcher shop. The property is situated on a 1.19-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Save A Lot Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Accounting Firm Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Parsons
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.106759
    Latitude
    35.64637

    Nearby Similar for Sale

    • $1,500,000
      7,140 SF

      Turnkey Grocery Store Opportunity

      Established grocery store for sale with a long-standing reputation.
      1182 E Main Street, Parsons, TN 38363
      View Details
    • $798,500
      15,760 SF

      Highway Frontage Commercial Building

      Large commercial building on a corner lot with highway frontage.
      455 E Main Street, Parsons, TN 38363
      View Details
    • $798,500
      15,760 SF

      Large Commercial Building on Highway

      Spacious commercial building with retail and warehouse space available.
      455 E Main St, Parsons, TN 38363
      View Details
    • $125,000

      Land For Sale, Parsons, TN

      Land available in Parsons, Tennessee.
      Poplar Ridge, Parsons, TN 38363
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Established grocery store for sale in Parsons, Tennessee.
    Where is this grocery and convenience store located?
    The property is located at 1182 E Main Street Parsons, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Turnkey business opportunity with all inventory and equipment included.; Established grocery store with a 49‑year history in the community.; Spacious **7,140 sq ft building with a 5,000 sq ft showroom.**
    (731) 549-6963
    We can help!
    Listing Contact
    Lori Yarbro
    Lori Yarbro
    Real Estate License ID: 357357
    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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