Mixed-Use Investment
457 N Broadway Portland, TN 37148
457 N Broadway, Portland, TN, 37148
$960,000
For Sale
$960,000
Two parcels with retail, restaurant, and storage income potential.
Property Size10,400 SF
Lot Size1.31 Acres
Price / SF$92.31
Days on Market224
Property Features for 457 N Broadway
General Information
- Standard status
- Active
- Size
- 10,400 SF
- Lot size
- 1.31 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing Agency
WALLY GILLIAM REALTY & AUCTION
(615) 325-4597
Listed by
BENJAMIN PATTON
Source
Corcoran
Added: Dec 9, 2025 Updated: Jul 6 at 10:02 am Checked: Jul 20 at 3:58 am
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 WALLY GILLIAM REALTY & AUCTION
Investment Insights
Based on property information with market context.
Located along HWY 109 (N Broadway) in Portland, Tennessee, this property benefits from high traffic volume, with an annual average daily traffic count of 13,000 vehicles. The property features approximately 250 linear feet of road frontage. It comprises two parcels, one at 0.84 acres and the other at 0.47 acres, which must be sold together. The property includes approximately 6,000 square feet of mini storage, an additional 2,000 square feet of retail rental space, and a 2,400 square feet concrete slab metal building with roughly 400 square feet of attached office space. The metal building is currently used for restaurant storage, but could be suitable for a car lot or construction building, as it was previously used. The property at 457 N Broadway houses "Bed, Bark and Beyond Grooming and Boarding," a 1,350 square feet retail space. The business at 459 N Broadway is "Jalisco Market," roughly 650 square feet of retail space. These businesses are located in the southwest building, separated by an interior wall. "Tacos Mi Jalisco" operates from the 2,400 square feet metal building at 461 N Broadway, which includes two 14x14 overhead doors and a 400 square feet office space. Lastly, the mini storage warehouse "Portland Tennessee Storage" at 465 N Broadway contains 56 doors and approximately 6,000 square feet of storage space. Leases for 457, 459, and 461 N Broadway end on October 31, 2026, July 31st, 2026, and July 31st, 2026, respectively.
Key Highlights
- High‑traffic location on HWY 109 (N Broadway) with 13,000 average daily traffic.
- Diverse income streams from multiple tenants: mini storage, retail, and restaurant.
- Significant rental income potential: Current leases generate approximately $5,120 per month, plus mini‑storage income.
Local Financial Insights For Industrial
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 | $101.4k | $9.75 |
| − Vacancy | −$3.1k | −$0.30 |
| EGI | $98.3k | $9.45 |
| − OpEx | −$29.5k | −$2.83 |
| NOI | $68.8k | $6.61 |
10,400 SF · lease $9.75/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $254,822 @ 7.0% cap · market cap 26.54%
Second Best
Retail
$3.39M
$2.97M – $3.96M
NOI $237,340 @ 7.0% cap · market cap 24.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Emma Lou's Pet ...
Pet Grooming Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two parcels with retail, restaurant, and storage income potential.
Where is this mixed-use property located?
The property is located at 457 N Broadway Portland, TN.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: High‑traffic location on HWY 109 (N Broadway) with 13,000 average daily traffic.; Diverse income streams from multiple tenants: mini storage, retail, and restaurant.; Significant rental income potential: Current leases generate approximately $5,120 per month, plus mini‑storage income.
