Towing Facility with
For Sale
Contact for pricing
105 N 13th St, La Follette, TN 37766
Purchase includes towing real estate, an adjoining fenced lot, and tow trucks plus towing equipment and software.
Property Size2,050 SF
Price / SF$426.83
Days on Market131
Property Features for 105 N 13th St
General Information
Standard status
Active
Size
2,050 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Fenced Yard
Yes
Listing Agency:
Wallace Commercial
(865) 690-1111
Listed By:
Chris Bruce
(865) 309-2100
Source:
Moodyscre
Added: Apr 30
Changed: Sep 4
Last Checked: Aug 14 at 8:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wallace Commercial
Investment Insights
Based on property information with market context.
Shaddy's Towing & Recovery is offered for sale and includes the real estate plus an adjoining vacant fenced-in lot. The sale also includes two tow trucks and other towing equipment, along with Towbook management software, which is stated to convey with the transaction.
The operation is described as capturing calls from the Police Departments of LaFollette, Jacksboro, Caryville, and Campbell County. The listing notes that all information, including financials, must be verified by the purchaser and that release of financial details requires an NDA.
The tow trucks included are a 1998 Chevrolet 6500 12-ton twin line and a 2004 Chevrolet 6500 Jerdan 21.5-foot rollback bed. The business is described as having operated under Miller's Towing since 1996 and as having been taken over by Shaddy's in August 2024.
The operation is described as capturing calls from the Police Departments of LaFollette, Jacksboro, Caryville, and Campbell County. The listing notes that all information, including financials, must be verified by the purchaser and that release of financial details requires an NDA.
The tow trucks included are a 1998 Chevrolet 6500 12-ton twin line and a 2004 Chevrolet 6500 Jerdan 21.5-foot rollback bed. The business is described as having operated under Miller's Towing since 1996 and as having been taken over by Shaddy's in August 2024.
Key Highlights
- Towing business for sale includes towing real estate, an adjoining vacant fenced‑in lot, and towing equipment
- Includes two tow trucks: 1998 Chevrolet 6500 12‑ton twin line and a 2004 Chevrolet 6500 Jerdan 21.5‑ft rollback bed
- Towbook towing management software conveys with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,920
$588.9K
Cap Rate 7%
$420,657
$420.7K
Cap Rate 9%
$327,178
$327.2K
Market Conditions
NOI Build-Up for 2,050 SF
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.
Gross rent
$44.3K $21.60/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$42.1K $20.52/SF
− OpEx
−$12.6K −$6.16/SF
NOI
$29.4K $14.36/SF
Area
Campbell County, TN
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,920
Cap Rate 7%
$420,657
Cap Rate 9%
$327,178
Alternative Uses
Best Use
Retail
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$196.6K
$172.0K – $229.3K
NOI $13,759 @ 7.0% cap · market cap 1.57%
Theoretical Best
Office A
$507.7K
$444.3K – $592.4K
NOI $35,542 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 15%
SONIC Drive In
Dining
12,692 visits/mo
0.2 miles
BP
Shops & Services
2,715 visits/mo
0.1 miles
Domino's Pizza
Dining
2,417 visits/mo
0.2 miles
Demographics for 37766, TN
18,011
Population
9,721
Households
1.9
Avg Household Size
44
Median Age
12%
College-Educated
82%
High-School Grad
137.3 sq mi
ZIP Area
131
Density / Sq Mi
$46,692
Median Household Income
$31,379
Median Earnings
$747
Median Rent
$160,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Purchase includes towing real estate, an adjoining fenced lot, and tow trucks plus towing equipment and software.
Where is this auto shop located?
The property is located at 105 N 13th St La Follette, TN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Towing business for sale includes towing real estate, an adjoining vacant fenced‑in lot, and towing equipment; Includes two tow trucks: 1998 Chevrolet 6500 12‑ton twin line and a 2004 Chevrolet 6500 Jerdan 21.5‑ft rollback bed; Towbook towing management software conveys with the sale
