Building Details

Year Built 1930

Buildings 1

Construction concrete block

Listing Agency: CD Poindexter Realty & Auction

Listed By: CD Digger Poindexter 6154180004 · License #238810 Show Phone

Source: Searchtnhomesforsale

Added: Sep 30 Changed: Oct 6 Last Checked: Oct 7 at 12:33PM

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Investment Insights

Based on property information with market context.

This 1,785-square-foot auto shop at 701 Pleasant Shade Hwy includes a 10' x 14' office, a 10' x 26' bay, a 27' x 28' two-bay garage and a 14' x 26' bay with a dirt floor. The concrete-block building also has two half baths. The building and remaining contents are offered as-is.

Shop items staying with the property include a drive-on vehicle lift, an older air compressor, an electric drop-cord reel, a steel I-beam with a 3-ton chain hoist, a used oil tank, storage bins for nuts and bolts, and assorted automotive and truck supplies. Built in 1930, the property is located in Pleasant Shade, Tennessee.

Key Highlights

• 1,785‑square‑foot concrete‑block auto shop built in 1930
• Includes a 27' x 28' two‑bay garage and a 10' x 26' bay
• Additional 14' x 26' bay has a dirt floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,830

Cap Rate

7.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$256,600 $256.6K

Cap Rate 7%

$183,286 $183.3K

Cap Rate 9%

$142,556 $142.6K

Market Conditions

NOI Build-Up for 1,785 SF

Gross rent

$19.1K $10.68/SF

− Vacancy

−$736 −$0.41/SF

EGI

$18.3K $10.27/SF

− OpEx

−$5.5K −$3.08/SF

NOI

$12.8K $7.19/SF

Area

Smith County, TN

Vacancy

3.86%

Lease Rate

$10.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$256,600

Cap Rate 7%

$183,286

Cap Rate 9%

$142,556

Alternative Uses

Best Use

Retail

$294.0K

$257.2K – $343.0K (±1% cap)

NOI $20,579 @ 7.0% cap · market cap 11.44%

Second Best

Industrial

$183.3K

$160.4K – $213.8K (±1% cap)

NOI $12,830 @ 7.0% cap · market cap 7.13%

Theoretical Best

Office A

$523.3K

$457.9K – $610.5K (±1% cap)

NOI $36,628 @ 7.0% cap · market cap 20.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Service bays

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37145, TN

2,493

Population

1,130

Households

2.2

Avg Household Size

42

Median Age

13%

College-Educated

90%

High-School Grad

79.3 sq mi

ZIP Area

31

Density / Sq Mi

$65,125

Median Household Income

$50,433

Median Earnings

$885

Median Rent

$171,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Auto shop - Concrete-block construction, multiple work bays, retained shop equipment and two half baths support a range of commercial uses.

Where is this auto shop located?

The property is located at 701 Pleasant Shade Hwy Pleasant Shade, TN.

What is the asking price?

The asking price for this property is $179,900.

What are key features of this property?

This property features: 1,785‑square‑foot concrete‑block auto shop built in 1930; Includes a 27' x 28' two‑bay garage and a 10' x 26' bay; Additional 14' x 26' bay has a dirt floor