Commercial Property in Mason,
12088 Main Street Mason, TN 38049
For Sale
$550,000
Strategically located commercial property with high visibility and versatile use.
Property Size1,716 SF
Lot Size0.33 Acres
Price / SF$320.51
Days on Market665
Property Features for 12088 Main Street
General Information
Standard status
Active
Size
1,716 SF
Lot size
0.33 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1988
Listing Agency:
EXIT Realty Blues City
(731) 935-9095
Listed By:
Marietta R Haywood · License #369472
(731) 935-9095
Source:
Exitrealty
Added: Oct 3, 2024
Changed: Jul 6
Last Checked: Jul 28 at 4:12AM
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 EXIT Realty Blues City
Investment Insights
Based on property information with market context.
This commercial property is located in Mason, TN, at a main road intersection, offering high traffic and excellent visibility. Currently operating as a car wash, the property's commercial zoning allows for various business ventures, including retail, office space, or a restaurant. The property offers the opportunity to capitalize on increasing local demand and expanding business presence as Mason continues to develop. The property size is 1716 square feet. Ford Blue Oval City is located a few miles from the property.
Key Highlights
- Prime location at a prominent main road intersection with high traffic and excellent visibility.
- Commercial zoning allows for versatile use, including retail, office space, or restaurant.
- Potential for growth due to ongoing development in Mason, TN.
Financial Insights For Specialty Retail
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 | $32.9k | $19.20 |
| − Vacancy | −$2.0k | −$1.15 |
| EGI | $31.0k | $18.05 |
| − OpEx | −$7.7k | −$4.51 |
| NOI | $23.2k | $13.54 |
1,716 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$331.8K
$290.4K – $387.1K
NOI $23,228 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$287.3K
$251.4K – $335.1K
NOI $20,108 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$455.4K
$398.5K – $531.3K
NOI $31,876 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Strategically located commercial property with high visibility and versatile use.
Where is this car wash located?
The property is located at 12088 Main Street Mason, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime location at a prominent main road intersection with high traffic and excellent visibility.; Commercial zoning allows for versatile use, including retail, office space, or restaurant.; Potential for growth due to ongoing development in Mason, TN.
