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Property profile & analytics
FOR SALE
Retail space

457 N Broadway Portland, TN 37148

10,400 SF Built 1987
Entity Owned 2-yr Hold
Property ID
US80-1831653
Property summary
AI-generated overview

The property is located along a major corridor for Portland, Tennessee known as HWY 109 and referred to as N Broadway, and is used by many travelers to avoid Nashville, a cut through from Interstate 65 to Interstate 40 East. The annual average daily traffic nearby along HWY 109 North is 13,000/ day per TDOT. The property has +/- 250 linear feet of road frontage. The tax map parcel at 461 N Broadway is 0.84 acres and the parcel at 457 N Broadway is 0.47 acres. The two parcels will need to be sold together and will not separate. The two parcels include +/-6,000 square feet of mini storage, +/-2,000 additional square feet of retail rental space, and an additional +/-2,400 square feet concrete slab metal building, that is used for restaurant storage currently, but would work well for a car lot as previously used, or a construction building, and has roughly +/-400 square feet of attached office space. The business at the physical address 457 N Broadway is “Bed, Bark and Beyond Grooming and Boarding” and is approximately 1,350 square feet of retail space generating ($1,100/ month). The business at 459 N Broadway is “Jalisco Market” roughly 650 square feet of retail space ($700/month). The businesses at 457 and 459 make up the southwest building with a separation interior wall between the independent businesses. The business at 461 N Broadway is “Tacos Mi Jalisco” food truck and restaurant roughly 2,400 square feet metal building with two 14x14 overhead doors on north and south entrances including a 400 square feet office space ($3,320/ month). Lastly, the business at 465 N Broadway is 56 door, 6,000 square feet +/- of mini storage warehouse “Portland Tennessee Storage” generating between ($3,500-$4,500/ month). 457 N Broadway lease ends October 31, 2026 ($1,100/month) 459 N Broadway lease ends July 31st, 2026 ($700/ month) 461 N Broadway lease end July 31st, 2026 ($3,320/month) 465 N Broadway is Portland Tennessee Storage and averaged ($42,000 YTD in Decembe

Property profile
Verified
Property type Retail space
Year built 1987
Total area 10,400 SF
UPID US80-1831653
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
  • Emma Lou's Pet Salon Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
by Request
Owner & transaction history
Portland Tennessee Storage LLC · 2 yrs held
Portland Tennessee Storage LLC
since 2023
3 recorded transactions
2023
Price N/A
2022
Price N/A
2021
$525,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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