Automotive Repair Shop
For Sale
$195,000
5404 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
COMMERCIAL - Bloomington Springs, TN
Property Size1,936 SF
Lot Size0.85 Acres
Price / SF$100.72
Days on Market31
Property Features for 5404 S Grundy Quarles Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNR
Directions
Property is 6 miles north of I-40 exit #280 Baxter TN. on Hwy 56 N (Grundy Quarles Hwy).
Subdivision
Jackson Co NW, TN
Standard status
Active
APN
032.01
Lot size
0.85 Acres
Taxes and HOA fees
Tax Annual Amount
610
Utilities
Utilities
Natural Gas Available
Heating system
Space Heater
Water source
Spring, Public
Amenities
restroom with shower
office
shop lights
loft storage
floor drains
service pit
wood burning stove
hot water heater
overhead doors
Building Details
Year built
1992
Building materials
Frame, Steel Siding, Metal Siding
Roof type
Metal
Listing Agency:
Horseman Real Estate, Llc
(931) 644-6590
Listed By:
Hannah Horseman · License #297619
(931) 644-6590
Added: Jul 6
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# 242024
Copyright © 2026 Upper Cumberland 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.
Investment Insights
Based on property information with market context.
Automotive repair shop on 0.85 acres with frontage on SR 56N. The 1,936 SF building is fully insulated with a steel frame and metal exterior. Shop setup includes three 14' high by 12' wide doors at the front and side, shop lights, an 8x21 loft for storage, and a wood burning stove that stays. Work area features floor drains plus a service pit for servicing equipment. A restroom with shower is on site.
An office with its own entrance is separate from the shop entrance. Parking is available behind the building.
The property was built in 1992. Hot water heater is approximately 2 years old. Utilities include natural gas available, with public and spring water sources, and a metal roof.
An office with its own entrance is separate from the shop entrance. Parking is available behind the building.
The property was built in 1992. Hot water heater is approximately 2 years old. Utilities include natural gas available, with public and spring water sources, and a metal roof.
Key Highlights
- 0.85‑acre mechanics shop with frontage on SR 56N in a high‑traffic area between Baxter and Gainesboro
- 1,936 SF fully insulated shop with steel frame and metal exterior
- Three 14' high x 12' wide doors at the front and side of the building
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $9.81 |
| − Vacancy | −$836 | −$0.43 |
| EGI | $18.2k | $9.38 |
| − OpEx | −$5.4k | −$2.81 |
| NOI | $12.7k | $6.56 |
1,936 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$432.7K
$378.6K – $504.8K
NOI $30,287 @ 7.0% cap · market cap 15.53%
Second Best
Office B
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 13.72%
Theoretical Best
Office A
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 28.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38545, TN
1,403
Population
755
Households
1.9
Avg Household Size
47
Median Age
18%
College-Educated
89%
High-School Grad
23.0 sq mi
ZIP Area
61
Density / Sq Mi
$59,375
Median Household Income
$38,824
Median Earnings
$851
Median Rent
$104,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Red beards cycle & repair — 5542 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
- Retallack Rod Shop — 3793 Old Gainesboro Rd, Bloomington Springs, TN 38545
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair shop on steel-frame lot with floor drains and a service pit, plus office and restroom with shower.
Where is this auto shop located?
The property is located at 5404 S Grundy Quarles Hwy Bloomington Springs, TN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 0.85‑acre mechanics shop with frontage on SR 56N in a high‑traffic area between Baxter and Gainesboro; 1,936 SF fully insulated shop with steel frame and metal exterior; Three 14' high x 12' wide doors at the front and side of the building
