Commercial Real Estate Market in Tullahoma, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 917 off-market properties in Tullahoma, TN. Commercial property asks $124/SF to buy and $25.19/SF/Yr to lease.
Market Trends
Tullahoma, TN spans 117.9 square miles in Coffee County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tullahoma, 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 Tullahoma, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Tullahoma, 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 Tullahoma, 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 72.9%
- Commercial 12.3%
- Industrial 12%
- Open space 2.8%
Largest Zones share of zoned land by district
Low Density Residential District
Restricted Manufacturing And Warehousing District
General Commercial District
General Agricultural District
Medium Density Residential District
Tullahoma, TN zones 15,158 acres across 11 districts. Commercial zoning covers 12.3% of zoned land, residential 72.9%, open space 2.8% and industrial 12%. The largest single district is Low Density Residential District at 55.5%. For commercial buyers the practical constraint is that only 24.3% of land carries a commercial or industrial designation.
Low Density Residential District (R-1)
R - 1, Low Density Residential District; C - 1, Central Commercial District, C - 2, General Commercial District, I - 1, Restricted Manufacturing and Warehousing Industrial, and I - 2, Heavy Industrial District, including those uses permitted in each said district as uses permitted with a conditional use permit, however, that in no event shall public or priva…
Market overview
Demographics & Economy
Tullahoma, TN has 26,352 residents in 11,871 households. Density runs 223 people per square mile. Median household income here is $59,892 and median gross rent $856 a month.
26,352
Population
11,871
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
117.9 sq mi
ZIP Area
223
Density / Sq Mi
$59,892
Median Household Income
$37,452
Median Earnings
$856
Median Rent
$230,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Normandy | — | — |
| Estill Springs | — | — |
| Lynchburg | — | — |
| Manchester | — | — |
Commercial property in Tullahoma, TN asks $124/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tullahoma?
Commercial property in Tullahoma, TN asks an average of $124 per square foot. The 6 most recent recorded sales traded at a median of $284/SF.
How much does it cost to lease commercial space in Tullahoma?
Asking lease rates in Tullahoma, TN average $25.19 per square foot per year.
What zoning applies to commercial property in Tullahoma?
Tullahoma, TN zones 15,158 acres across 11 districts, of which 12.3% is commercial and 12% industrial. The largest single district is Low Density Residential District at 55.5% of zoned land. R - 1, Low Density Residential District; C - 1, Central Commercial District, C - 2, General Commercial District, I - 1, Restricted Manufacturing and Warehousing Industrial, and I - 2, Heavy Industrial District, including those uses permitted in each said district as uses permitted with a conditional use permit, however, that in no event shall public or priva… Residential zoning covers 72.9% and open space 2.8%.
Where does Realmo's Tullahoma market data come from?
Realmo compiles Tullahoma, TN figures from 7 recent recorded sales, 30 active sale listings, 10 active lease listings, 917 tracked off-market properties, the current Tullahoma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 10 active for-lease listings in Tullahoma, 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: 15,158 zoned acres across 11 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
