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Property profile & analytics
OFF-MARKET
Estimated value
$5,485,000
Office Spaces
1114 Main St Shelbyville, TN 37160-2379
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0312326
Property summary
AI-generated overview
This 1,500 square foot office space, located at 1114 N Main St in Shelbyville, Tennessee, presents a fantastic opportunity for a variety of businesses. Currently configured as a medical office, the layout is adaptable and could easily suit other office-based enterprises. The owner is also open to considering retail uses for this space. The building sits on a 0.51-acre lot, providing ample parking and potential for future expansion. The asking price of $2,985 reflects the office space on the left side of the building. This property boasts a highly desirable location in Shelbyville, offering excellent visibility and accessibility. The interior is ready for immediate occupancy, allowing for a quick and seamless transition for new tenants. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this versatile and well-situated commercial property. The price is for the office space only
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
FRAME
Total area
4,550 SF
Lot
0.52 ac (22,624 SF)
APN
002078J K 03000
UPID
US80-0312326
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
-
Laura Tucker-Huggins, LPC-MHSP Counselor
-
Dr. Richard A. Rogers, MD Physician
-
Mid State Neurosurgery Medical Clinic Hospital
-
Dr. William H. Ledbetter, MD Physician
-
Franklin Orthopaedics & Sports Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.49M
Owner & transaction history
Shankus Plaza LLC · 4 yrs held
Shankus Plaza LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,035,000
ML approach
$5,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.49M
Range $4.94M – $6.03M · ±10% · vs last sale $5.02M (May 19 2022)
Last sale anchor
$5.02M
May 19 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,205 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$229,520
Assessed 2023
Previous assessed
$229,520
+0.0% YoY
Assessed land
$110,000
Assessed improvement
$119,520
Land market value
$275,000
Improvement market value
$298,800
Total market value
$573,800
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
4,550 SF
Lot
0.52 ac (22,624 SF)
APN
002078J K 03000
UPID
US80-0312326
Jurisdiction
BEDFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Shankus Plaza LLC
Entity
Mailing address
212 S HORTON PKWY, CHAPEL HILL, TN 37034-3102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
—
Shankus Plaza LLC
Brayne Development
Warranty Deed
$4,800,000 · Citizens Bank
May 18, 2022
$5,024,000
Shankus Plaza LLC
Brayne Development
Warranty Deed
$4,800,000 · Citizens Bank
Feb 14, 2003
$25,000
S Sofran
Brayne,d
Grant Deed
—
Jun 13, 2002
—
Brayne Development
—
Deed Of Trust
related
—
Apr 17, 1995
$20,000
Bobby Sanders
Unknown,
Grant Deed
$60,000 · First Community Bank
Sep 13, 1994
$20,000
Bobby And Sanders
Unknown,
Grant Deed
$60,000 · First Community Bank
Oct 31, 1991
$20,000
Bobby G Sanders
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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