4021 Old Nashville HwyMurfreesboro, TN 37129
- Retail properties
- 9,680 SF
Property Details for 4021 Old Nashville Hwy
- Year built
- 2021
- Lot size
- 6.50 AC
- Property size (Sq ft)
- 9,680 SF
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,458,193
- 6.5%
- $2,269,101
- 7%
- $2,107,022
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,099,801
- Geo Method
- $2,099,801
-
Alternative Use
- Use
- Valuation
- Residential
- $1,914,072
- Hospitality
- $1,753,279
- Educational
- $1,458,708
- Medical
- $1,508,875
- Retail
- $2,269,101
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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