Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    120 Public Sq Shelbyville, TN 37160

    Sponsored
    For Sale
    Contact for pricing

    166 Units, 99% Occupancy, TN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 166-unit single-family rental portfolio presents a compelling investment opportunity in Shelbyville, Tennessee. Located conveniently near major highways (I-65, I-40, and I-24), this stabilized portfolio boasts a remarkable 99% occupancy rate. The portfolio comprises 152 buildings constructed between 1940 and 2023, offering a diverse mix of properties ranging from those requiring updates to recently renovated units. This variety caters to a wide range of investor strategies, from value-add renovations to immediate cash flow generation. The portfolio's scale is flexible, allowing for purchases of individual units, smaller packages, or the entire portfolio. Shelbyville's robust economy, driven by manufacturing (Calsonic Kansei, Newell Rubbermaid, Cebal America, Jostens, Tyson Foods, and a Wal-Mart distribution center), and its proximity to rapidly growing Murfreesboro and Nashville, ensures strong rental demand and long-term appreciation potential. The portfolio's location in Bedford County, a community of approximately 53,000 residents (23,000 in Shelbyville), provides a stable and attractive market for rental properties. This is an ideal opportunity for investors seeking immediate returns, long-term growth, or a combination of both. Detailed financial information, including individual pricing and expense details, is available upon request.

    Property Features for 120 Public Sq

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1940
    Buildings
    152
    Units
    166

    HighLights

    • Flexible lot sizes available; seller open to various purchase configurations.
    • Investment opportunity: acquire and renovate units for increased rental income, or purchase existing renovated units for immediate cash flow, or a combination of both.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pope's Cafe Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.4597227
    Latitude
    35.483127

    Nearby Similar for Sale

    • $1,490,000
      14,300 SF

      Renovated Commercial Property on Hwy 41A

      Turnkey commercial property with high traffic and flexible layout.
      1608 Madison St, Shelbyville, TN 37160
      View Details
    • $1,950,000

      Tennessee Estate with Versatile Shop

      45-acre Tennessee property with custom home and versatile shop.
      1851 Warner Bridge Rd, Shelbyville, TN 37160
      View Details
    • $570,000

      Farm with Year-Round Creek

      16+ acre farm featuring a year-round creek and updated home.
      1119 New Center Church Rd, Shelbyville, TN 37160
      View Details
    • $1,400,000
      4,000 SF

      Commercial Property with Automotive Focus

      Multi-building commercial property ideal for automotive or service-based businesses.
      1683 Madison St, Shelbyville, TN 37160
      View Details
    • $799,900
      3,705 SF

      Versatile Commercial Shop with Multiple Bays

      Spacious shop with 8 bays, office, and 3-phase electric.
      102 Prince St, Shelbyville, TN 37160
      View Details
    • $750,000

      25.80 Acre Farm For Sale

      25.80 acre farm featuring a large creek and pasture.
      3 Pass Rd, Shelbyville, TN 37160
      View Details
    • $1,500,000
      1,470 SF

      High-Traffic Shelbyville Commercial Land

      Prime 1-acre lot, two homes, high visibility.
      1107 Main St, Shelbyville, TN 37160
      View Details
    • $799,900
      3,560 SF

      Shelbyville Mixed-Use Commercial Property

      Prime Location, Updated Mixed-Use Building
      716 Main St, Shelbyville, TN 37160
      View Details
    • $109,000
      0.61 Acres

      Shelbyville TN Commercial Land Opportunity

      0.61-acre lot, $109,000. Prime location.
      Madison St, Shelbyville, TN 37160
      View Details
    • $189,000
      29,185 SF

      Shelbyville Commercial Lot - Prime Location

      0.67-acre lot, 29,185 sq ft, great price!
      605 Wall St, Shelbyville, TN 37160
      View Details
    • $975,000
      21,000 SF

      Madison Street Mixed-Use Property

      High-traffic Shelbyville investment opportunity.
      737 Madison St, Shelbyville, TN 37160
      View Details
    • $300,000
      12,370 SF

      Shelbyville Commercial Land Investment

      Prime Shelbyville location, high-growth potential.
      520 Depot St, Shelbyville, TN 37160
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 166 Units, 99% Occupancy, TN
    Where is this multifamily property located?
    The property is located at 120 Public Sq Shelbyville, TN.
    What are key features of this property?
    This property features: Flexible lot sizes available; seller open to various purchase configurations.; Investment opportunity: acquire and renovate units for increased rental income, or purchase existing renovated units for immediate cash flow, or a combination of both.;
    Request Owner's contact information
    120 Public Sq Shelbyville, TN 37160
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Public Sq
    Shelbyville, TN 37160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Public Sq Shelbyville, TN 37160
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.