Insulated Automotive Service
For Sale
$195,000
5404 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
Commercial Sale, Bloomington Springs, TN
Property Size1,936 SF
Lot Size0.85 Acres
Price / SF$100.72
Days on Market46
Property Features for 5404 S Grundy Quarles Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNR
Directions
Property is 6 miles north of I-40 exit #280 Baxter TN. on Hwy 56 N (Grundy Quarles Hwy).
Subdivision
Jackson Co NW, TN
Standard status
Active
APN
032.01
Lot size
0.85 Acres
Taxes and HOA fees
Tax Annual Amount
610
Utilities
Utilities
Natural Gas Available
Heating system
Space Heater
Water source
Spring, Public
Amenities
Restroom with shower
Office
Loft for storage
Floor drains
Service pit
Wood burning stove
Building Details
Year built
1992
Building materials
Frame, Steel Siding, Metal Siding
Roof type
Metal
Listing Agency:
Horseman Real Estate, Llc
(931) 644-6590
Listed By:
Hannah Horseman · License #297619
(931) 644-6590
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 24 at 10:06PM
MLS# 242024
Copyright © 2026 Upper Cumberland 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.
Investment Insights
Based on property information with market context.
This automotive service property includes a 1,936-square-foot steel-frame building on 0.85 acres. The structure has metal siding, a metal roof, full insulation, a front and side entry layout, and three overhead doors measuring 14 feet high by 12 feet wide. Interior features include an office with its own entrance, a restroom with shower, floor drains, a service pit, shop lighting, and an 8 x 21-foot storage loft. A wood-burning stove and a hot water heater installed 2 years ago remain with the property.
The site fronts SR 56N in a high-traffic area between Baxter and Gainesboro, with access to I-40 and Gainesboro Grade. Parking is available behind the building. Natural gas is available, and water sources include spring and public water. The property was built in 1992 and is zoned UNR.
The site fronts SR 56N in a high-traffic area between Baxter and Gainesboro, with access to I-40 and Gainesboro Grade. Parking is available behind the building. Natural gas is available, and water sources include spring and public water. The property was built in 1992 and is zoned UNR.
Key Highlights
- 1,936‑square‑foot automotive service building on 0.85 acres
- Three overhead doors, each 14 feet high and 12 feet wide
- Frontage on SR 56N between Baxter and Gainesboro
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,710
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,200
$254.2K
Cap Rate 7%
$181,571
$181.6K
Cap Rate 9%
$141,222
$141.2K
Market Conditions
NOI Build-Up for 1,936 SF
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.
Gross rent
$19.0K $9.81/SF
− Vacancy
−$836 −$0.43/SF
EGI
$18.2K $9.38/SF
− OpEx
−$5.4K −$2.81/SF
NOI
$12.7K $6.56/SF
Area
Putnam County, TN
Vacancy
4.40%
Lease Rate
$9.81 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,200
Cap Rate 7%
$181,571
Cap Rate 9%
$141,222
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13
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 Industrial 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-framed service facility with separate office and shop entrances, storage loft, and a service pit.
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‑square‑foot automotive service building on 0.85 acres; Three overhead doors, each 14 feet high and 12 feet wide; Frontage on SR 56N between Baxter and Gainesboro
