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    Mixed-Use Market and Restaurant Title is generated by Realmo AI

    7386 Mount Carmel Road, Decaturville, TN 38329

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    Property combines a grocery market, family restaurant, and two rental apartments plus billiards room and ample parking.

    Type:Business for Sale, Retail, Mixed Use
    Property size:
    6,400 SF
    Lot size:
    1.38 Acres
    Price / SF:
    $117/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 2:11 am

    Property Features for 7386 Mount Carmel Road

    General Information

    Standard status
    Active
    Size
    6,400 SF
    Lot size
    1.38 Acres
    Property subtype
    Business for Sale, Retail, Mixed Use

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Lori Yarbro
    Lori Yarbro

    Listing agent Lori Yarbro License #357357

    Listing office Evans Real Estate

    Listing date May 29, 2026

    Source Crexi

    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 Evans Real Estate

    HighLights

    • 6,400 sq. ft. property built in 2002 with a grocery market and family restaurant under one roof
    • Includes two upstairs 1,000 sq. ft. apartments (2BD/1BA each) with a mini kitchen
    • 400 sq. ft. billiards room addition for events, tournaments, or added entertainment
    • Set on 1.38 acres with ample parking, an added outdoor customer area, and two outdoor garages for equipment storage
    • Former gas tanks have been removed, creating additional usable space for parking or expansion

    Overview

    J.R.’s Market and Family Restaurant is a one-building, mixed-use property totaling 6,400 sq. ft. The ground floor includes a market offering groceries and a family restaurant concept. A recent 400 sq. ft. billiards room addition adds an event and entertainment space for tournaments or gatherings. Upstairs, there are two separate 1,000 sq. ft. apartments, each with two bedrooms, one bathroom, and a mini kitchen.

    The property is located on 1.38 acres with ample parking and additional outdoor customer area. Two outdoor garages are included for equipment storage, and the former gas tanks have been removed, leaving more usable space for parking and future operating needs. Public remarks also note the site is about one mile from the Tennessee River and Whites Creek.

    This layout can support operators looking for on-site retail and dining, while also having residential units above for supplemental flexibility as short-term or longer-term rentals. The presence of a dedicated billiards room may appeal to tenants seeking to add programming beyond standard dining. With the additional outdoor garages and expanded usable parking area after the tank removal, the building is well suited for hands-on ownership or an operator seeking a multi-revenue property in one location.
    Location Intelligence

    Current Use by Public Records

    J.r.s market and family ... Restaurant

    Suggested Use

    Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Decaturville
    County
    Decatur
    State
    Tennessee
    Longitude
    -87.991425
    Latitude
    35.504331

    Nearby Similar for Sale

    • $750,000
      6,400 SF

      Market and Restaurant Opportunity

      Unique commercial property with multiple income streams near Tennessee River.
      7386 Mount Carmel Road, Decaturville, TN 38329
      View Details
    • $363,100

      Farm Property with Water Sources

      Farm property featuring a well and two springs, ideal for cattle.
      562 Roach Road, Decaturville, TN 38329
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Property combines a grocery market, family restaurant, and two rental apartments plus billiards room and ample parking.
    Where is this grocery and convenience store located?
    The property is located at 7386 Mount Carmel Road Decaturville, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 6,400 sq. ft. property built in 2002 with a grocery market and family restaurant under one roof; Includes two upstairs 1,000 sq. ft. apartments (2BD/1BA each) with a mini kitchen; 400 sq. ft. billiards room addition for events, tournaments, or added entertainment
    (731) 549-6963 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lori Yarbro
    Lori Yarbro
    Real Estate License ID: 357357
    Learn More
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    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.

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    7386 Mount Carmel Road, Decaturville, TN 38329
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