Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property with Highway Frontage Title is generated by Realmo AI

    2601 Highway 64 W, Shelbyville, TN 37160

    View on Map
    Claim this Listing
    For Sale
    $309,900

    C1 zoned commercial building with ample parking and expansion potential.

    Type:Commercial
    Property size:
    1,800 SF
    Lot size:
    1.59 Acres
    Price / SF:
    $172/SF
    Added:
    Jan 27, 2026
    Days on Market:
    128
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 2601 Highway 64 W

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Lot size
    1.59 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    DAVID PARKER

    Listing agent DAVID PARKER

    Listing office PARKS AUCTION & REALTY

    Listing date Jan 27, 2026

    Source Corcoran

    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 PARKS AUCTION & REALTY

    HighLights

    • Zoned C1 Commercial: Ideal for a new business venture.
    • Ample Parking: 17 total spaces, including 2 designated disabled spaces, recently repaved and striped.
    • Large Lot: 1.59+\/- acres with frontage on Hwy 64 W and Whitaker Rd, offering potential for expansion.
    • Recent Upgrades: Includes a metal roof (approximately 3 years old), LED lighting (interior and exterior), new plumbing, and a new water heater.
    • Strategic Location: Situated between Shelbyville and Lewisburg.
    • Possible Owner Terms/Leasing: Owner financing or leasing options may be available.

    Overview

    This commercial property, formerly a grocery store, is now zoned C1 and offers opportunities for a new business venture. The building features Armstrong “Pearl” floors, LED lighting (interior and exterior), new plumbing, a new water heater, and blinds. A metal roof was installed approximately 3 years ago. The property includes 17 parking spaces, with 2 designated as disabled. The parking lot has been repaved and striped, and parking curbs have been added. Situated on a 1.59+/- acre lot with frontage on Hwy 64 W and Whitaker Rd, the property offers potential for expansion to increase revenue. It is located between Shelbyville and Lewisburg. The owner will consider leasing the property and possible owner terms are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.6261
    Latitude
    35.4878

    Nearby Similar for Sale

    • $697,500
      3,600 SF

      Versatile Commercial Building with Shop

      Turnkey commercial building with shop and office space.
      117 Prince St, Shelbyville, TN 37160
      View Details
    • $1,490,000
      14,300 SF

      Renovated Commercial Property on Hwy 41A

      Turnkey commercial property with high traffic and flexible layout.
      1608 Madison St, Shelbyville, TN 37160
      View Details
    • $525,000
      3,359 SF

      Shelbyville Multifamily Investment Opportunity

      Five-unit apartment building with value-add potential near downtown Shelbyville.
      419 Belmont Ave, Shelbyville, TN 37160
      View Details
    • $1,600,000
      18,595 SF

      Shelbyville Retail Investment Opportunity

      Retail building with upside potential in Shelbyville, Tennessee.
      875 Union St, Shelbyville, TN 37160
      View Details
    • $349,900
      2,400 SF

      Commercial Shop and Office Building

      2,400 sq ft commercial building with shop and office.
      108 E Highland Ave, Shelbyville, TN 37160
      View Details
    • $329,900
      2,590 SF

      Modern Office Suites For Sale

      Premium commercial property with flexible layouts and modern amenities.
      202 Lane Pwky, Shelbyville, TN 37160
      View Details
    • $1,199,900
      2,500 SF

      Shelbyville Commercial Property For Sale

      Commercial property operating as a liquor store with leasable building.
      314 S Cannon Blvd, Shelbyville, TN 37160
      View Details
    • $525,000
      952 SF

      Office and Warehouse For Sale

      Office building with warehouse/storage space and parking.
      1301 N Main St, Shelbyville, TN 37160
      View Details
    • $249,900
      1,700 SF

      Garage/Shop with Living Quarters

      Mixed-use property with workspace, storage, and living space.
      1603 Sims Road, Shelbyville, TN 37160
      View Details
    • $3,068,965
      2,443 SF

      Retail Space For Sale

      Retail space available with a 5.80% CAP rate.
      747 N Main St, Shelbyville, TN 37160
      View Details
    • $999,000

      Retail Plaza For Sale

      Retail plaza for sale including real estate and business.
      713 S Cannon Blvd, Shelbyville, TN 37160
      View Details
    • $120,000
      88 SF

      Metal Building with Finished Interior

      Versatile metal building with finished interior and paved parking.
      714 E Depot St, Shelbyville, TN 37160
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - C1 zoned commercial building with ample parking and expansion potential.
    Where is this grocery and convenience store located?
    The property is located at 2601 Highway 64 W Shelbyville, TN.
    What is the asking price?
    The asking price for this property is $309,900.
    What are key features of this property?
    This property features: Zoned C1 Commercial: Ideal for a new business venture.; Ample Parking: 17 total spaces, including 2 designated disabled spaces, recently repaved and striped.; Large Lot: 1.59+\/- acres with frontage on Hwy 64 W and Whitaker Rd, offering potential for expansion.
    (615) 896-4600
    We can help!
    Listing Contact
    DAVID PARKER
    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
    2601 Highway 64 W, Shelbyville, TN 37160
    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!