4021 Old Nashville HwyMurfreesboro, TN 37129

Property Details for 4021 Old Nashville Hwy

Year built

2021

Lot size

6.50 AC

Property size (Sq ft)

9,680 SF

Property type

Auto shops

APN

070-047.00-000

APU

7004700000

Description

This exceptional Murfreesboro property, located at 4021 Old Nashville Highway, offers a unique blend of office and warehouse space, totaling 9,600 square feet on a generous 3.35-acre lot. The building boasts 2,420 square feet of well-appointed office space, featuring five private offices, a conference room, three bathrooms, a break room, and a welcoming lobby. Expansion possibilities exist within the office area. The warehouse component comprises 7,220 square feet of heated space, ideal for various industrial uses. This area includes five 14x14 overhead automatic doors, an oversized mechanics bay with a lift, a high-volume air compressor with hard air lines throughout, a separate sink/kitchenette, and three 220-volt plugs. A 30x12 fuel tank pad is also available. The property is fully fenced and secured with access control gates and a comprehensive 15-camera surveillance system. Ample parking is provided with over 30,000 square feet of concrete parking, including 11 dedicated spots, plus over 24,000 square feet of gravel parking. The property is beautifully landscaped with an irrigation system and enjoys a convenient location near I-24 and 840 in Rutherford County, Tennessee, zip code 37129. This prime location is situated in one of Middle Tennessee's fastest-growing areas, presenting a significant investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,861,110

  6.5%

  $1,717,940

  7%

  $1,595,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $866,585

  Geo Method

  $866,585

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,292,090

  Mixed-Use / Specialty

  $1,735,290

  Hospitality / Lodging

  $1,303,680

  Office

  $1,749,420

  Institutional / Educational

  $1,812,390

  Residential Income

  $2,120,490

  Multifamily

  $2,413,110

  Automotive / Energy

  $1,553,470

  Parking / Income-Based Land

  $512,900

  Restaurant / Food Service

  $952,619

  Healthcare / Senior Housing

  $1,755,440

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8873

Longitude

-86.4418

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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