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    Highway 64 Shelbyville, TN 37160

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    For Sale
    $500,000

    Prime commercial lot fronting two state highways, ideal for development.

    Lot size:
    4.80 Acres

    Property Features for Highway 64

    General Information

    Standard status
    Active
    Lot size
    4.80 Acres

    Source: BETTER HOMES & GARDENS REAL ESTATE HERITAGE GROUP Agent TARA BOYCE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot on Two Highways

    This commercial lot fronts two state highways, offering high visibility and accessibility. An 8-inch sewer line is located on the site. An 8-inch water line is available at Highway 64, along with natural gas. The drainage ditch can be filled and rerouted. The location is ideal for a gas station or grocery store.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.476568
    Latitude
    35.471932

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial lot fronting two state highways, ideal for development.
    Where is this commercial land located?
    The property is located at Highway 64 Shelbyville, TN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Prime commercial lot fronting two state highways.; - Ideal location for gas station or grocery store.; - 8" Sewer line on site.
    (931) 680-1680
    Request Owner's contact information
    Highway 64 Shelbyville, TN 37160
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    Shelbyville, TN 37160
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    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
    Highway 64 Shelbyville, TN 37160
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