Commercial Real Estate Market in Shelbyville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
42 active listings and 1,146 off-market properties in Shelbyville, TN. Commercial property asks $95/SF to buy and $45.28/SF/Yr to lease.
Market Trends
Shelbyville, TN spans 233.3 square miles in Bedford County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shelbyville, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Shelbyville, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Shelbyville, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Shelbyville, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.5%
- Industrial 20.3%
- Commercial 17.3%
- Planned_development 3.2%
- Civic 0.7%
- Mixed use 0%
Largest Zones share of zoned land by district
Medium Density Residential
Low Density Residential
General Commercial
High Density Residential
Light Industrial
Shelbyville, TN zones 11,584 acres across 17 districts. Commercial zoning covers 17.3% of zoned land, residential 57.5% and industrial 20.3%. The largest single district is Medium Density Residential at 23.3%. For commercial buyers the practical constraint is that only 37.5% of land carries a commercial or industrial designation.
Medium Density Residential (R2)
Medium Density Residential R-2 High Density Residential R-3 Multi-Family Residential R-4 Mobile Home Park MHP Commercial Central Business C-1 General Commercial C-2 Neighborhood Commercial C-3 Industrial Light Industrial I-1 General Industrial I-2 Outdoor Industrial I-3 Overlay Districts: Historic Overlay (H-1) and Planned Unit Development (PUD) Shelbyville…
Market overview
Demographics & Economy
Shelbyville, TN has 36,976 residents in 14,130 households. Density runs 159 people per square mile. Median household income here is $58,899 and median gross rent $924 a month.
36,976
Population
14,130
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
83%
High-School Grad
233.3 sq mi
ZIP Area
159
Density / Sq Mi
$58,899
Median Household Income
$34,759
Median Earnings
$924
Median Rent
$257,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wartrace | — | — |
| Bell Buckle | — | — |
| Normandy | — | — |
| Unionville | — | — |
Commercial property in Shelbyville, TN asks $95/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shelbyville?
Commercial property in Shelbyville, TN asks an average of $95 per square foot. The 7 most recent recorded sales traded at a median of $79/SF, so asking sits 21% above the achieved median.
How much does it cost to lease commercial space in Shelbyville?
Asking lease rates in Shelbyville, TN average $45.28 per square foot per year.
What zoning applies to commercial property in Shelbyville?
Shelbyville, TN zones 11,584 acres across 17 districts, of which 17.3% is commercial and 20.3% industrial. The largest single district is Medium Density Residential at 23.3% of zoned land. Medium Density Residential R-2 High Density Residential R-3 Multi-Family Residential R-4 Mobile Home Park MHP Commercial Central Business C-1 General Commercial C-2 Neighborhood Commercial C-3 Industrial Light Industrial I-1 General Industrial I-2 Outdoor Industrial I-3 Overlay Districts: Historic Overlay (H-1) and Planned Unit Development (PUD) Shelbyville… Residential zoning covers 57.5% and open space 0%.
Where does Realmo's Shelbyville market data come from?
Realmo compiles Shelbyville, TN figures from 8 recent recorded sales, 38 active sale listings, 4 active lease listings, 1,146 tracked off-market properties, the current Shelbyville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 4 active for-lease listings in Shelbyville, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 11,584 zoned acres across 17 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
