Insulated Auto Shop with Service
New
For Sale
$195,000
5404 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
Steel-frame shop with office access, a restroom and shower, storage loft, and extensive rear parking.
Property Size1,936 SF
Lot Size0.85 Acres
Price / SF$100.72
Days on Market4
Property Features for 5404 S Grundy Quarles Hwy
General Information
Standard status
Active
Size
1,936 SF
Lot size
0.85 Acres
Property subtype
Commercial
Zoning
UNR
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$609
Amenities
restroom with shower
office
shop lights
loft
floor drains
service pit
wood burning stove
Building Details
Year Built
1992
Buildings
1
Construction
steel frame
Listing Agency:
Horseman Real Estate, Llc
(931) 644-6590
Listed By:
Hannah Horseman · License #297619
(931) 644-6590
Source:
Firstrealty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 1:15PM
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 Horseman Real Estate, Llc
Investment Insights
Based on property information with market context.
Built in 1992, this 1,936-square-foot automotive service building occupies 0.85 acres and features a steel-frame structure with metal exterior and full insulation. The layout includes a separately accessible office, shop entry, restroom with shower, floor drains, and a service pit for under-vehicle work. An 8 x 21 storage loft adds overhead utility, while shop lighting and a wood-burning stove remain in place. The water heater is 2 years old.
Three doors serve the building, each measuring 14 feet high by 12 feet wide, with openings at the front and side. The property fronts SR 56N and offers access to I-40 and Gainesboro Grade. It is positioned between Baxter and Gainesboro, Tennessee, with parking available behind the shop. Zoning is UNR.
Three doors serve the building, each measuring 14 feet high by 12 feet wide, with openings at the front and side. The property fronts SR 56N and offers access to I-40 and Gainesboro Grade. It is positioned between Baxter and Gainesboro, Tennessee, with parking available behind the shop. Zoning is UNR.
Key Highlights
- 1,936 SF automotive shop on 0.85 acres
- Three 14' high by 12' wide doors at the front and side
- Service pit, floor drains, and shop lighting
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 | $19.0k | $9.81 |
| − Vacancy | −$836 | −$0.43 |
| EGI | $18.2k | $9.38 |
| − OpEx | −$5.4k | −$2.81 |
| NOI | $12.7k | $6.56 |
1,936 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$432.7K
$378.6K – $504.8K
NOI $30,287 @ 7.0% cap · market cap 15.53%
Second Best
Industrial
$181.6K
$158.9K – $211.8K
NOI $12,710 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 28.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38545, TN
1,403
Population
755
Households
1.9
Avg Household Size
47
Median Age
18%
College-Educated
89%
High-School Grad
23.0 sq mi
ZIP Area
61
Density / Sq Mi
$59,375
Median Household Income
$38,824
Median Earnings
$851
Median Rent
$104,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Red beards cycle & repair — 5542 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
- Retallack Rod Shop — 3793 Old Gainesboro Rd, Bloomington Springs, TN 38545
Frequently Asked Questions
What type of property is this?
Auto shop - Steel-frame shop with office access, a restroom and shower, storage loft, and extensive rear parking.
Where is this auto shop located?
The property is located at 5404 S Grundy Quarles Hwy Bloomington Springs, TN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,936 SF automotive shop on 0.85 acres; Three 14' high by 12' wide doors at the front and side; Service pit, floor drains, and shop lighting
