124 John R Rice BlvdMurfreesboro, TN 37129

  • Industrial properties
  • 125,472 SF
For Sale

Property Details for 124 John R Rice Blvd

Year built
2018
Construction
FRAME
Lot size
2.70 AC
Property size (Sq ft)
125,472 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
092-031.02-000
APU
9203102000

Description

This stabilized self-storage facility, located at 124 John R Rice Blvd, Murfreesboro, TN 37129, boasts 99,624 square feet of rentable space across 814 units. Currently operating at 82.9% occupancy (as of August 31, 2024), this property sits on a 2.7-acre lot within the Nashville MSA. The facility's strategic location near residential areas, businesses, and major highways ensures consistent demand. A diverse range of unit sizes caters to individual, family, and business needs, further enhanced by climate-controlled options. Modern amenities include well-lit premises, keypad entry, 24-hour video surveillance, delivery acceptance, free moving carts, and a business center featuring a conference room, work stations, coffee bar, and Wi-Fi. The strong market demand is fueled by Murfreesboro's population growth and economic development, with 3,539 future residential units planned within a 5-mile radius. The average household income within a 5-mile radius is $98,945, indicating a strong potential customer base. This combination of prime location, diverse offerings, modern amenities, and robust security measures positions this property for consistent returns and long-term value. The property offers a compelling investment opportunity due to the growing need for storage solutions in this rapidly expanding market.

124 John R Rice Blvd, Murfreesboro, Tennessee

Location Insight

City
Murfreesboro
County
Rutherford
State
Tennessee
Latitude
35.8488
Longitude
-86.4394
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$131,144
$926,240
$3,709,800
$4,636,040
-
$2,315,600
$9,274,500
$11,590,100

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