Retail Space with Additional
For Sale
$699,900
16473 Rankin Ave, Dunlap, TN 37327
Commercially zoned retail space with an additional building in Dunlap.
Property Size3,750 SF
Days on Market112
Property Features for 16473 Rankin Ave
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
3,750 SF
Year Built
1935
Listing Agency:
THE REAL ESTATE COLLECTIVE
(931) 559-9500
Listed By:
Alma Mendez
Source:
Spotlightproperties
Added: Apr 15
Changed: Aug 4
Last Checked: Aug 4 at 5:27AM
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 THE REAL ESTATE COLLECTIVE
Investment Insights
Based on property information with market context.
This commercial property includes approximately 3,750 square feet of retail space on a 0.62-acre lot, along with another building. The improvements date to 1935, and the property is zoned Commercial. The offering consists of two properties at 16473 Rankin Ave and 16435 Rankin Ave in Dunlap, Tennessee.
The properties are located near Walmart and are positioned along Rankin Ave. Two parcel IDs are associated with the offering: 041P G 008.1 and 041P G 008.00. The properties are also listed separately under MLS#243579 and MLS#243580.
The properties are located near Walmart and are positioned along Rankin Ave. Two parcel IDs are associated with the offering: 041P G 008.1 and 041P G 008.00. The properties are also listed separately under MLS#243579 and MLS#243580.
Key Highlights
- Approximately 3,750 square feet of retail space
- 0.62‑acre lot with an additional building
- Two properties at 16473 and 16435 Rankin Ave
Financial Insights For 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 | $45.0k | $12.00 |
| − Vacancy | −$3.6k | −$0.96 |
| EGI | $41.4k | $11.04 |
| − OpEx | −$12.4k | −$3.31 |
| NOI | $29.0k | $7.73 |
3,750 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.2K
$724.7K – $966.2K
NOI $57,974 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Home Improvements & Furnishings 26%
Apparel 15%
Elder's Ace Hardware-Dunlap
Home Improvements & Furnishings
6,422 visits/mo
0.4 miles
Dollar General
Shops & Services
6,119 visits/mo
0.5 miles
Goodwill
Apparel
3,772 visits/mo
0.4 miles
AutoZone
Shops & Services
3,178 visits/mo
0.2 miles
Tri-County Bank
Shops & Services
2,651 visits/mo
0.3 miles
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned retail space with an additional building in Dunlap.
Where is this retail space located?
The property is located at 16473 Rankin Ave Dunlap, TN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 3,750 square feet of retail space; 0.62‑acre lot with an additional building; Two properties at 16473 and 16435 Rankin Ave
