Convenience Store and
11855 Nashville Hwy Baxter, TN 38544
For Sale
$329,000
SINGLE_FAMILY - Baxter, TN
Property Size2,800 SF
Lot Size0.50 Acres
Price / SF$117.50
Days on Market52
Property Features for 11855 Nashville Hwy
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 036 077.02
- Size
- 2,800 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1089
Building Details
- Year built
- 2004
- Floors in Building
- 1
Listing Agency:
The Real Estate Collective
(931) 559-9500
Listed By:
Hinal Tanwar · License #374225
(931) 881-6971
Added: Jun 4
Changed: Jul 25
Last Checked: Jul 25 at 1:06AM
MLS# 244889
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.
This single retail property totals about 2,800 square feet and includes a grocery store, deli, and beer. The site was previously operated as a gas station, and the available configuration supports a range of commercial uses including restaurant/food service, retail or convenience mart, warehouse or storage, gas station, and office or service-based business.
Located at 11855 Nashville Hwy in Baxter, Tennessee, the property is described as being on a high-traffic location near Cordell Hull Lake, approximately 13 miles east of Cookeville and 40 miles east of Nashville.
Owner/seller financing is available for qualifying buyers. The lot size is listed at about 0.496 acres.
Located at 11855 Nashville Hwy in Baxter, Tennessee, the property is described as being on a high-traffic location near Cordell Hull Lake, approximately 13 miles east of Cookeville and 40 miles east of Nashville.
Owner/seller financing is available for qualifying buyers. The lot size is listed at about 0.496 acres.
Key Highlights
- 2,800 sqft commercial property built in 2004
- Former gas station now set up as a grocery store, deli, and beer
- Multiple potential uses: restaurant/food establishment, warehouse/storage, retail/convenience mart, gas station, office/service business
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 | $27.5k | $9.81 |
| − Vacancy | −$1.2k | −$0.43 |
| EGI | $26.3k | $9.38 |
| − OpEx | −$7.9k | −$2.81 |
| NOI | $18.4k | $6.56 |
2,800 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$662.2K
$579.4K – $772.5K
NOI $46,352 @ 7.0% cap · market cap 14.09%
Second Best
Retail
$625.8K
$547.6K – $730.1K
NOI $43,804 @ 7.0% cap · market cap 13.31%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,893 @ 7.0% cap · market cap 24.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
FAQs
What type of property is this?
Gas station - Single property includes a grocery store, deli, and beer, totaling about 2,800 square feet.
Where is this gas station located?
The property is located at 11855 Nashville Hwy Baxter, TN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,800 sqft commercial property built in 2004; Former gas station now set up as a grocery store, deli, and beer; Multiple potential uses: restaurant/food establishment, warehouse/storage, retail/convenience mart, gas station, office/service business
