710 Blue Ribbon Pkwy Shelbyville, TN 37160
- Commercial real estate
- 17,966 SF
- 5.73 lot acres
Current Use by Public Records
- Nuvo H2O - EnterSource / Water Softening Equipment Supplier
- EnterSource / Internet Service Provider / Telecommunications Contractor
Property Details for 710 Blue Ribbon Pkwy
- Year built
- 1969
- Construction
- FRAME
- Lot size
- 5.73 lot acres
- Property size
- 17,966 SF
- Property type
- Commercial real estate
- APN
- 002078 04301
- APU
- 207804301
Description
This exceptional Shelbyville, TN industrial property, located at 710 Blue Ribbon Parkway, offers 33,000 square feet of flexible space across three one-story buildings. Situated on a generous 5.73-acre lot, this Class C property boasts a 16-foot ceiling height, providing ample room for various industrial, manufacturing, distribution, or R&D operations. The property features two loading docks and three drive-ins, ensuring efficient loading and unloading. With 45 total parking spaces, ample room for employees and visitors is provided. The property is divisible, with a minimum leasable space of 11,500 square feet and a maximum contiguous space of 33,000 square feet, catering to businesses of various sizes. Recently renovated in 2024, the property includes 3-phase power. The property's location offers excellent access to major transportation routes, situated in the Murfreesboro submarket cluster, encompassing Murfreesboro, Shelbyville, Manchester, Tullahoma, Rutherford County, and Bedford County. The zoning is I-2, and the property has a frontage of 175 feet. The lease rate is $6 per square foot, triple net (NNN). This prime location offers a compelling value proposition, especially considering the limited availability of industrial space in the area. The property's expansive 3.5 acres of yard space provides additional storage and operational flexibility. This is a rare opportunity to secure a well-maintained, versatile industrial space in a thriving Tennessee market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,080,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $725,000
- 7%
- $745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $825,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $660,000
- Retail
- $850,000
- Mixed-Use
- $850,000
- Hospitality
- $780,000
- Educational
- $640,000
- Residential Income
- $690,000
- Energy
- $725,000
- Income-Based Land
- $645,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Bedford
- State
- Tennessee
- Longitude
- -86.4326
- Latitude
- 35.4923
- CBSA code
- 43180
- CBSA name
- SHELBYVILLE, TN MICROPOLITAN STATISTICAL AREA
