Auto Repair Shop With
For Sale
$739,000
1082 US-45 Bypass, Jackson, TN 38301
Commercial Sale, Jackson, TN
Property Size5,940 SF
Lot Size1.30 Acres
Price / SF$124.41
Days on Market48
Property Features for 1082 US-45 Bypass
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial - Business Services
Parking
15
Fencing
Gate, Chain Link
Elementary school district
Jackson Madison Consolidated District
Directions
Drive on Hwy 45 By-Pass So. Property is on east side of the ByPass near Ritz Magic Wheels on service road
Standard status
Active
APN
066N F 007.04
Size
5,940 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Annual Amount
3323
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
Total Realty Source
(731) 574-9340
Listed By:
Lynda C Climer · License #54466
(731) 217-3827
Added: Jul 30
Changed: Sep 4
Last Checked: Sep 15 at 8:06AM
MLS# 2603618
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.
Investment Insights
Based on property information with market context.
This 5,940-square-foot auto repair facility sits on 1.3 acres and includes attached equipment used for automotive repair. Built in 1984, the brick building has concrete flooring, central heating and central air conditioning, a composition roof, and gated chain-link fencing. Public water and public sewer serve the property.
The facility is occupied by an established truck and auto repair business that has operated for 20 years. The current operator would like to remain in the building as a monthly lease tenant. The property at 1082 US-45 Bypass may also be purchased together with 1090 Highway 45 Bypass; the occupant currently uses part of the second property for mechanic space and personal automobile storage.
The facility is occupied by an established truck and auto repair business that has operated for 20 years. The current operator would like to remain in the building as a monthly lease tenant. The property at 1082 US-45 Bypass may also be purchased together with 1090 Highway 45 Bypass; the occupant currently uses part of the second property for mechanic space and personal automobile storage.
Key Highlights
- 5,940 square feet on 1.3 acres
- Attached equipment used for auto repair included
- Current truck and auto repair business has operated for 20 years
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
$60,686
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
8.21%
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%
$1,213,720
$1.2M
Cap Rate 7%
$866,943
$866.9K
Cap Rate 9%
$674,289
$674.3K
Market Conditions
NOI Build-Up for 5,940 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
$89.1K $15.00/SF
− Vacancy
−$2.4K −$0.41/SF
EGI
$86.7K $14.59/SF
− OpEx
−$26.0K −$4.38/SF
NOI
$60.7K $10.22/SF
Area
Madison County, TN
Vacancy
2.70%
Lease Rate
$15.00 /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%
$1,213,720
Cap Rate 7%
$866,943
Cap Rate 9%
$674,289
Alternative Uses
Best Use
Retail
$866.9K
$758.6K – $1.01M
NOI $60,686 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$350.6K
$306.8K – $409.0K
NOI $24,542 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,622 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Dennis Mitchell Automotive — 896 Hollywood Dr, Jackson, TN 38301
- Pennzoil — Hollywood Dr, Jackson, TN 38301
- Precision Tint : Jackson, TN — 1085 US-45 BYP # 3, Jackson, TN 38301
- Tim Total Garage Store — Jackson, TN 38305
- Bill's Transmissions — 1062 US-45 BYP, Jackson, TN 38301
Frequently Asked Questions
What type of property is this?
Auto shop - Brick automotive facility with attached repair equipment, gated fencing, and public water and sewer service.
Where is this auto shop located?
The property is located at 1082 US-45 Bypass Jackson, TN.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 5,940 square feet on 1.3 acres; Attached equipment used for auto repair included; Current truck and auto repair business has operated for 20 years
