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Property profile & analytics
OFF-MARKET Estimated value $5,360,000
Retail properties & Spaces

108 Ln Pkwy Shelbyville, TN 37160-3245

56,599 SF 10.9 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-2595939
Property summary
AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Shelbyville, TN. Situated at the highly visible intersection of N Main Street and Lane Parkway, this property boasts an estimated combined daily traffic count of approximately 20,000 vehicles. Its ideal location ensures maximum exposure for any commercial development. The site is already pad-ready, with utilities conveniently located on-site and the land already graded, significantly reducing development time and costs. The property is zoned commercial, although a C-Store restriction is in place. This restriction provides an opportunity for a diverse range of commercial uses, excluding convenience stores. The high traffic volume and excellent visibility make this parcel perfect for businesses seeking strong brand recognition and customer accessibility. Furthermore, the property offers potential for billboard advertising, adding another revenue stream for the owner. This is a rare opportunity to acquire a well-located, fully prepared commercial lot in a thriving area. Serious inquiries are encouraged. The property is located in Bedford County.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,599 SF
Lot 10.9 ac (474,804 SF)
APN 002089A E 00200
UPID US80-2595939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Goodwill Retail Store Discount Store
  • Western Union Bank Credit Union
  • Goodwill Donation Express Center Charitable Organization
  • Dollar General Discount Store
  • Southern Boom Fireworks Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.19M
Blend (final) Blend
$5.36M
Owner & transaction history
Skidmore Properties Tn LLC · 4 yrs held
Skidmore Properties Tn LLC
since 2022
Last sale
$5.5M
4 recorded transactions
2022
$5.5M
2017
$2.7M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.7M +47.4%
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