Building Details

Year Built 2013

Year Renovated 2021

Buildings 1

Stories 2

Listing Agency: EXIT Realty Blues City

Listed By: Jessica Asberry 7316070079 Show Phone

Source: Homesmiddletn

Added: Aug 9 Changed: Oct 1 Last Checked: Oct 12 at 8:26PM

Report an Issue

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.

The automotive body repair facility at 16245 US Highway 64 in Somerville, TN, contains 5,912 square feet of commercial space and nine heated service bays. Several bays can accommodate 18-wheelers and buses. Included equipment features a Devilbiss paint booth, paint inventory, two lifts, Grabber track, air compressor, dryer, and hose reels. The building also provides 3-phase power, a tool room, paint room, office area, two bathrooms, a walk-in shower, kitchen or break room, and additional upstairs space for office, parts, or storage use.

The smaller section was built in 2013, while most of the facility was added and remodeled around 2021. A double metal carport, storage shed, office furniture, and security cameras remain with the property. The business is negotiable with the sale, and the facility is positioned directly on US Highway 64.

Key Highlights

• 5,912‑square‑foot automotive body repair facility on US Highway 64
• Nine heated service bays; several accommodate 18‑wheelers and buses
• Devilbiss paint booth, two lifts, Grabber track, compressor, dryer, and hose reels included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,277

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,385,540 $1.4M

Cap Rate 7%

$989,671 $989.7K

Cap Rate 9%

$769,744 $769.7K

Market Conditions

NOI Build-Up for 5,912 SF

Gross rent

$106.4K $18.00/SF

− Vacancy

−$7.4K −$1.26/SF

EGI

$99.0K $16.74/SF

− OpEx

−$29.7K −$5.02/SF

NOI

$69.3K $11.72/SF

Area

Fayette County, TN

Vacancy

7.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,385,540

Cap Rate 7%

$989,671

Cap Rate 9%

$769,744

Alternative Uses

Best Use

Retail

$989.7K

$866.0K – $1.15M (±1% cap)

NOI $69,277 @ 7.0% cap · market cap 8.71%

Second Best

Industrial

$484.2K

$423.7K – $564.9K (±1% cap)

NOI $33,893 @ 7.0% cap · market cap 4.26%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,821 @ 7.0% cap · market cap 13.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Hair Salon Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Service bays

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

334

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 38068, TN

10,952

Population

4,411

Households

2.5

Avg Household Size

45

Median Age

19%

College-Educated

90%

High-School Grad

258.7 sq mi

ZIP Area

42

Density / Sq Mi

$63,022

Median Household Income

$38,162

Median Earnings

$775

Median Rent

$258,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Lewis Small Engines LLC. — 105 S Somerville St, Somerville, TN 38068
• Hawkins Custom Shop — 16305 US-64, Somerville, TN 38068
• McNabb Auto Body — 16245 US-64, Somerville, TN 38068

Frequently Asked Questions

What type of property is this?

Auto shop - Heated repair space includes large vehicle bays, paint equipment, offices, and employee amenities.

Where is this auto shop located?

The property is located at 16245 Us Highway 64 Somerville, 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: 5,912‑square‑foot automotive body repair facility on US Highway 64; Nine heated service bays; several accommodate 18‑wheelers and buses; Devilbiss paint booth, two lifts, Grabber track, compressor, dryer, and hose reels included