Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2210 S Highway 641 S Parsons, TN 38363

    View on Map
    Claim this Listing
    New
    For Sale
    $399,900

    COMMERCIAL - Parsons, TN

    Type:Retail
    Property size:
    7,600 SF
    Lot size:
    5.96 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 10 at 5:06 am

    Property Features for 2210 S Highway 641 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking
    30
    Standard status
    Active
    APN
    058 023.00
    Size
    7,600 SF
    Lot size
    5.96 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3181

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    1
    Flooring type
    Concrete, Laminate
    Building materials
    Metal Siding
    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 Apr 9, 2026

    MLS# 2601586

    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

    Parsons Commercial Property For Sale

    This commercial property features a 7,600 square foot rental building that is fully occupied, presenting a turnkey opportunity. Additionally, there is a 7,200 square foot warehouse on the premises, which is currently leased. The property is situated on 5.96 acres and benefits from high visibility, with an average daily traffic count of 7,500 on Hwy 641. Located in Parsons, TN, the property has a new survey and is listed below assessed value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Garden Center Furniture & Home Goods Cafe & Coffee Shop Daycare Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parsons
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.122307
    Latitude
    35.618273

    Nearby Similar for Sale

    • $1,500,000
      7,140 SF

      Turnkey Grocery Store Opportunity

      Established grocery store for sale in Parsons, Tennessee.
      1182 E Main Street, Parsons, TN 38363
      View Details
    • $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?
    Retail property - Turnkey commercial property with rental building and leased warehouse.
    Where is this retail property located?
    The property is located at 2210 S Highway 641 S Parsons, TN.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Turnkey investment opportunity with a fully occupied 7,600 sq ft rental building.; Additional income from a leased 7,200 sq ft warehouse.; Listed below assessed value, offering immediate returns and long‑term growth potential.
    (731) 549-6963
    We can help!
    Listing Contact
    Lori Yarbro
    Lori Yarbro
    Real Estate License ID: 357357
    Learn More
    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.
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!