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Property profile & analytics
FOR SALE
Retail space

2601 Highway 64 W Shelbyville, TN 37160

1,960 SF 1.59 ac lot Built 1970
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-0367415
Property summary
AI-generated overview

This 1,800 square foot retail building presents a fantastic opportunity for entrepreneurs. Previously operating as Big Wheel Grocery, the property boasts endless possibilities for a variety of businesses. Situated on a 1.59-acre lot with frontage on both Highway 64 West and Whitaker Road, this location offers exceptional visibility and accessibility between Shelbyville and Lewisburg. Ample parking is available with 17 spaces, including two designated handicapped spots. Recent improvements significantly enhance the property's value and appeal. The parking lot has undergone a complete renovation, including repaving, striping, and the installation of new parking curbs. The roof is a nearly new metal roof, approximately one year old. Interior upgrades are equally impressive, featuring brand new Armstrong "Pearl" flooring throughout, energy-efficient LED lighting (both interior and exterior), a new plumbing system, a new water heater, and new blinds. This turnkey property is ready for immediate occupancy and offers a compelling combination of location, size, and recent renovations, making it an ideal investment for a discerning business owner. The substantial lot size also allows for future expansion or additional development opportunities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 1,960 SF
Lot 1.59 ac (69,260 SF)
APN 002085 03200
UPID US80-0367415
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tyrone J Rhoden · 5 yrs held
Tyrone J Rhoden
since 2021
Last sale
$110,000
7 recorded transactions
2026
Price N/A
2023
Price N/A
2021
$110,000
2010
$135,000
2009
$159,900
2008
$135,276
2007
$160,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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