1608 Williams DrMurfreesboro, TN 37129

Property Details for 1608 Williams Dr

Year built

2011

Property size (Sq ft)

1,398 SF

Property type

Medical offices

Property subtype

Medical centers

APN

091A-C-003.00-C-001

APU

091AC00300C001

Description

This exceptional Class A medical office condo, located at 1608 Williams Drive in Murfreesboro, Tennessee, presents a unique investment opportunity. Boasting 2,367 square feet of space on the second floor of a three-story building, this property is priced at $925,000 ($390.79/SF). The sale includes all fixtures, furniture, and equipment, making it turnkey ready for immediate occupancy on June 18, 2024. Situated in the prestigious Gateway Business District, this prime location offers unparalleled convenience, with close proximity to St. Thomas Rutherford Hospital and the Murfreesboro Medical Clinic Campus. The property is zoned for commercial use and benefits from its strategic position within a thriving medical hub. Note that an existing medical practice within the space may be acquired separately. This presents a rare opportunity to acquire a fully equipped medical office condo in a high-demand area, ideal for both established practices and new ventures. The property is part of a single-building complex. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $241,507

  6.5%

  $222,930

  7%

  $207,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $120,340

  Geo Method

  $120,340

• Alternative Use

  Use

  Valuation

  Residential

  $276,433

  Hospitality

  $253,211

  Educational

  $210,669

  Medical

  $217,914

  Retail

  $327,707

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.864

Longitude

-86.4213

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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