Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    S110 S Washington Avenue Henderson, TN 38340

    View on Map
    Claim this Listing
    For Sale
    $264,900

    COMMERCIAL - Henderson, TN

    Property size:
    4,094 SF
    Price / SF:
    $64/SF
    Added:
    Aug 5, 2025
    Days on Market:
    276
    Last Refresh:
    May 7 at 12:06 am

    Property Features for S110 S Washington Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    4
    Standard status
    Active
    APN
    046D E 017.00 000
    Size
    4,094 SF

    Taxes and HOA fees

    Tax Annual Amount
    898

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Window Unit(s), Electric
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Larry Roberts

    Listing agent Larry Roberts License #349142

    Listing office Casey Realtors 459 E Main Street P.O. Box 269, H, TN

    Listing date Aug 5, 2025

    MLS# 2503659 Listing URL

    Copyright © 2026 Central West Tennessee 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.

    HighLights

    • Prime Henderson location in a bustling area
    • Existing commercial building with 4 tenants
    • Versatile medical office space with potential for shared office conversion
    • Month‑to‑month leases offer immediate income upside
    • Building includes barber shop, beauty shop, art studio, and medical office
    • Metal roof

    Overview

    Henderson Commercial Building with Tenants

    This commercial building is located in Henderson, Tennessee. The property has a total size of 4094 square feet. Currently, the building houses four tenants operating under month-to-month leases at rates below market value. The tenant mix includes a barber shop, a beauty shop, an art studio with a backroom, and a medical office. The medical office space features multiple offices, a breakroom, and two bathrooms. The medical office area can continue to be used as is or be transformed into shared office space. The property is positioned in a bustling area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.640573
    Latitude
    35.438022

    Nearby Similar for Sale

    • $850,000
      5,952 SF

      Secluded Cabins on 12.81 Acres

      Seven cabins on 12.81 acres near Chickasaw State Park.
      115 Chalet Lane, Henderson, TN 38340
      View Details
    • $375,000
      6,000 SF

      Retail Property Near Highway 45

      Vacant retail building near Highway 45 and downtown Henderson, TN.
      224 S Church Avenue, Henderson, TN 38340
      View Details
    • $3,900,000
      17,962 SF

      18,000 SF Flex Property

      18,000 SF flex space on over 4 acres.
      1170 Us Highway 45, Henderson, TN 38340
      View Details
    • $670,000
      11,602 SF

      Henderson Commercial Property For Sale

      Commercial property in Henderson, TN, with excellent access and parking.
      123 N Church Avenue N, Henderson, TN 38340
      View Details
    • $2,500,000
      1,437,480 SF

      WILSON

      33 acres of commercial land ready for development.
      3901 Us Highway 45, Henderson, TN 38340
      View Details
    • $335,000
      4,968 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with highway access and tenant income.
      865 US Highway 45 North, Henderson, TN 38340
      View Details
    • $670,000

      Versatile Commercial Property with Parking

      Adaptable commercial space with ample parking and easy access.
      123 N Church N Avenue, Henderson, TN 38340
      View Details
    • $335,000
      4,968 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with highway access and tenant income.
      865 US Highway 45 North, Henderson, TN 38340
      View Details
    • $335,000
      4,968 SF

      Highway Commercial Building For Sale

      Commercial building with flexible layout and highway access in Henderson.
      865 US Highway 45 N, Henderson, TN 38340
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial building with four tenants in Henderson, Tennessee.
    Where is this medical office space located?
    The property is located at S110 S Washington Avenue Henderson, TN.
    What is the asking price?
    The asking price for this property is $264,900.
    What are key features of this property?
    This property features: Prime Henderson location in a bustling area; Existing commercial building with 4 tenants; Versatile medical office space with potential for shared office conversion
    (731) 267-1580
    We can help!
    Listing Contact
    Larry Roberts
    Real Estate License ID: 349142
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    S110 S Washington Avenue, Henderson, TN 38340
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!