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    Drive-Through Retail and Storage Complex Title is generated by Realmo AI

    113 S Washington Avenue, Henderson, TN 38340

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    For Sale
    $795,000

    COMMERCIAL - Henderson, TN

    Property size:
    5,600 SF
    Price / SF:
    $141/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 113 S Washington Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    046D F 016.00 000, 046D F 017.00 046D F 015.00
    Size
    5,600 SF

    Taxes and HOA fees

    Tax Annual Amount
    2483

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Cooling system
    Ductless, Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Linda G Carter

    Listing agent Linda G Carter License #278976

    Listing office Casey Realtors 459 E Main Street P.O. Box 269, H, TN

    Listing date Jun 2, 2026

    MLS# 2602587 Listing URL

    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.

    HighLights

    • Three adjoining buildings in the historic district, including a storage unit business with 34 units
    • Two‑story main building with nearly 4,700+ SF, a drive‑thru window, full commercial kitchen, and 3 bathrooms
    • Additional spaces in main building include an upstairs meeting room plus private space suited for inventory or a future apartment
    • New roof plus courtyard for outdoor use
    • Second building offers 1,200+ SF studio space with 2 private offices, event room, kitchenette, bathroom, storage, and rear access to dedicated parking
    • Utilities and systems include public water and public sewer, central air and ductless cooling; brick construction with concrete floors and a flat roof

    Overview

    This turnkey commercial property features three adjoining buildings designed to operate together. The centerpiece is a two-story space with an open layout, a new roof, and a drive-thru window. It includes a full commercial kitchen, three bathrooms, an upstairs meeting room, and additional private space that can support back-of-house needs such as inventory.

    A second connected building provides approximately 1,200-plus square feet of versatile studio space, with a welcoming entry vestibule, two private offices, a spacious event room, a kitchenette, a bathroom, storage, and convenient rear access to dedicated parking. Between the buildings, there is a courtyard area.

    Completing the package is a storage unit business with 34 units that is described as connected to the overall setup. With restaurant-style kitchen improvements in the main building, flexible office and event space in the adjacent studio, and on-site storage units, the property can support operators looking for multiple revenue streams under one ownership. The offering is presented as turnkey for an owner or operator seeking to begin operations promptly at 113 S Washington Avenue in Henderson, Tennessee.
    Property Profile Location Intelligence

    Current Use by Public Records

    UrbanHouse Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.640907
    Latitude
    35.438757

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    FAQs

    What type of property is this?
    Self storage facility - Three adjoining buildings offering a two-story commercial kitchen space, studio/event space, and 34-unit storage business for turnkey operation.
    Where is this self storage facility located?
    The property is located at 113 S Washington Avenue Henderson, TN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Three adjoining buildings in the historic district, including a storage unit business with 34 units; Two‑story main building with nearly 4,700+ SF, a drive‑thru window, full commercial kitchen, and 3 bathrooms; Additional spaces in main building include an upstairs meeting room plus private space suited for inventory or a future apartment
    (731) 608-0515
    We can help!
    Listing Contact
    Linda G Carter
    Real Estate License ID: 278976
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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.

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