Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    18,000 SF Flex Property Title is generated by Realmo AI

    1170 Us Highway 45, Henderson, TN 38340

    View on Map
    Claim this Listing
    For Sale
    $3,900,000

    18,000 SQ FT FLEX -- AUTO - INDUSTRIAL - WAREHOUSE - MORE

    Property size:
    17,962 SF
    Lot size:
    4.30 Acres
    Price / SF:
    $217/SF
    Added:
    Sep 19, 2025
    Days on Market:
    242
    Last Refresh:
    Mar 30 at 4:34 pm

    Property Features for 1170 Us Highway 45

    General Information

    Standard status
    Active
    Property type
    Automotive properties, Flex space, Truck terminals, Retail properties & Spaces, Industrial properties, Distribution properties
    Size
    17,962 SF
    Net Rentable
    17,962 SF
    Total Parking Spaces
    100
    Lot size
    4.30 Acres

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Dave Mccormack

    Listing agent Dave

    Listing office

    Listing date Sep 19, 2025

    Overview

    This property features approximately 18,000 square feet of space on over 4 acres. Constructed in 2001, the maintained property is completely fenced, lighted, and gated. The design reflects a traditional new car dealership. The building comprises two steel structures joined by a concrete block firewall. With the exception of the firewall, all interior walls are non-supporting and removable, allowing for easy remodeling to suit the new owner's configuration needs. The rear portion, encompassing 10,000 square feet, is generally suited for service, repairs, manufacturing, and warehousing, among other uses. The front portion, spanning 7,920 square feet and equipped with HVAC, is generally used for retail sales, administration, and product display. The property includes two gated entrances: one directly off US Highway 45 and the other off the frontage road adjoining US Highway 45. A wide paved travel lane facilitates vehicle movement completely around the building. The property sits on 4.26 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.670742
    Latitude
    35.457068

    Nearby Similar for Sale

    • $850,000
      5,952 SF

      Secluded Cabins on 12.81 Acres

      Seven cabins on 12.81 acres near Chickasaw State Park.
      115 Chalet Lane, Henderson, TN 38340
      View Details
    • $375,000
      6,000 SF

      Retail Property Near Highway 45

      Vacant retail building near Highway 45 and downtown Henderson, TN.
      224 S Church Avenue, Henderson, TN 38340
      View Details
    • $670,000
      11,602 SF

      Henderson Commercial Property For Sale

      Commercial property in Henderson, TN, with excellent access and parking.
      123 N Church Avenue N, Henderson, TN 38340
      View Details
    • $249,900
      4,094 SF

      Commercial Building in Henderson, TN

      Spacious commercial building with income potential in a prime location.
      S110 S Washington Avenue, Henderson, TN 38340
      View Details
    • $2,500,000
      1,437,480 SF

      WILSON

      33 acres of commercial land ready for development.
      3901 Us Highway 45, Henderson, TN 38340
      View Details
    • $335,000
      4,968 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with highway access and tenant income.
      865 US Highway 45 North, Henderson, TN 38340
      View Details
    • $670,000

      Versatile Commercial Property with Parking

      Adaptable commercial space with ample parking and easy access.
      123 N Church N Avenue, Henderson, TN 38340
      View Details
    • $335,000
      4,968 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with highway access and tenant income.
      865 US Highway 45 North, Henderson, TN 38340
      View Details
    • $335,000
      4,968 SF

      Highway Commercial Building For Sale

      Commercial building with flexible layout and highway access in Henderson.
      865 US Highway 45 N, Henderson, TN 38340
      View Details

    FAQs

    What type of property is this?
    Automotive property - 18,000 SQ FT FLEX -- AUTO - INDUSTRIAL - WAREHOUSE - MORE
    Where is this automotive property located?
    The property is located at 1170 Us Highway 45 Henderson, TN.
    What is the asking price?
    The asking price for this property is $3,900,000.
    (602) 510-5444
    We can help!
    Listing Contact
    Dave Mccormack
    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

    Thank You for Inquiry
    1170 Us Highway 45, Henderson, TN 38340
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!