Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Property on Highway 64 Title is generated by Realmo AI

    1815 US HIGHWAY 64, Whiteville, TN 38075

    View on Map
    Claim this Listing
    For Sale
    $475,000

    COMMERCIAL - Whiteville, TN

    Property size:
    5,580 SF
    Lot size:
    1.36 Acres
    Price / SF:
    $85/SF
    Added:
    Sep 17, 2024
    Days on Market:
    624
    Last Refresh:
    Jun 2 at 10:06 am

    Property Features for 1815 US HIGHWAY 64

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    5,580 SF
    Lot size
    1.36 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1447

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Hattie Brawley

    Listing agent Hattie Brawley

    Listing office 2 Rivers Realty, LLC 8046 N Brother Blvd Ste 101A, Bartlett, TN

    Listing date Sep 17, 2024

    MLS# 10181366

    Copyright © 2026 Memphis Area 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.

    HighLights

    • Commercial Zoning: Property is zoned commercial, offering various business opportunities.
    • Sizeable Building: Features a 5580 sq ft building suitable for a range of commercial activities.
    • Owner Financing: Sellers are willing to owner finance with half down.
    • Strategic Location: Located on Hwy 64 in Whiteville, TN.
    • Proximity to Blue Oval: Less than 30 minutes from Blue Oval.
    • Acreage: Includes 1.36 acres of land.

    Overview

    This commercial property is located on Highway 64 in Whiteville, Tennessee, less than 30 minutes from Blue Oval. The property includes a 5580-square-foot building on 1.36 acres. Currently used as a flea market, the property is zoned commercial. The sellers are open to owner financing with half down.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Whiteville
    County
    Hardeman
    State
    Tennessee
    Longitude
    -89.158256
    Latitude
    35.318892

    Nearby Similar for Sale

    • $475,000

      Whiteville Land with Diverse Features

      83.39 acres of diverse land with timber and pasture.
      1200 MOUNT MORIAH Dr, Whiteville, TN 38075
      View Details
    • $549,000

      Diverse Land Parcel in Whiteville

      83.39 acres of diverse land with timber and pasture.
      MT. MORIAH Dr, Whiteville, TN 38075
      View Details
    • $439,000

      68 Acres in Haywood County

      Versatile 68+/- acre tract ideal for recreation, agriculture, or investment.
      BRUCE Road, Whiteville, TN 38075
      View Details
    • $550,000
      7,644 SF

      Retail Property on Major Thoroughfare

      Retail property with high visibility and traffic in Whiteville, TN.
      2050 US Hwy 64, Whiteville, TN
      View Details
    • $19,900

      Corner Lot on Highway 64

      1.03 acre corner lot approved for building in Whiteville, TN.
      US-64, Whiteville, TN 38075
      View Details
    • $1,592,960
      10,500 SF

      Retail Property in Whiteville, TN

      Retail property for sale with 10,500 square feet of space.
      2070 Us Highway 64, Whiteville, TN
      View Details
    • $2,196,000

      366+/- Acre Farm Opportunity

      Highly improved tract with agricultural production and recreational appeal.
      Eurekaton Road, Whiteville, TN 38075
      View Details
    • $1,592,960
      10,500 SF

      Single Tenant Family Dollar Store

      10,500 SF single-tenant building leased to Family Dollar.
      2068 US-64, Whiteville, TN 38075
      View Details
    • $19,750

      Residential Land in Fayette County

      Two-acre residential land suitable for building a dream home.
      OLD JACKSON Rd, Whiteville, TN 38075
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property in Whiteville, TN, near Blue Oval.
    Where is this storefront property located?
    The property is located at 1815 US HIGHWAY 64 Whiteville, TN.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Commercial Zoning: Property is zoned commercial, offering various business opportunities.; Sizeable Building: Features a **5580 sq ft building** suitable for a range of commercial activities.; Owner Financing: Sellers are willing to owner finance with half down.
    (901) 828-6517
    We can help!
    Listing Contact
    Hattie Brawley
    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
    1815 US HIGHWAY 64, Whiteville, TN 38075-7454
    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!