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Property profile & analytics
OFF-MARKET
Retail space

13734 Hwy 28 Whitwell, TN 37397-5364

892 SF 0.62 ac lot Built 1994
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1975210
Property summary
AI-generated overview

This meticulously remodeled 620 sq ft retail building, situated on a 0.57-acre lot at 13734 Highway 28 in Whitwell, Tennessee, presents a unique investment opportunity. Previously a boutique, the property currently operates as a thriving tanning salon and spa, offering immediate income potential. A complete renovation, from foundation to finish, included new paint, fixtures, plumbing, electrical systems, sheetrock, and flooring. Two new split heat and air units, installed just a year and a half ago, ensure efficient climate control. Exterior improvements include new vinyl siding and a one-year-old roof and gutters, minimizing future maintenance needs. The interior layout is flexible and adaptable. The rear of the building houses two 32-bulb Heartland brand tanning beds with exhaust fans, a 52-bulb s9-minute stand-up tanning unit, a Versa Spa sunless spray tanning booth, an Aspen spa capsule with heat, massage, and aromatherapy features, a teeth whitening room, and dedicated salon and nail service areas. These additional spaces offer significant potential for rental income or expansion of existing services. The property's central location on the main highway in Whitwell ensures high visibility and accessibility. This turnkey operation comes complete with an established clientele, making it an ideal acquisition for an entrepreneur seeking immediate returns and growth potential. The asking price is $275,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Total area 892 SF
Lot 0.62 ac (27,000 SF)
APN 058050B D 02300
UPID US80-1975210
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jeb L Tennille · 3 yrs held
Jeb L Tennille
since 2022
Last sale
$40,000
2 recorded transactions
2022
$40,000
2016
$32,900
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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