820 Thompson LnMurfreesboro, TN 37129

Property Details for 820 Thompson Ln

Year built

2011

Construction

FRAME

Property size (Sq ft)

1,424 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

092-027.01-C-023

APU

09202701C023

Description

Gateway Village offers exceptional Class A office and medical suites in Murfreesboro, TN, at 820 N Thompson Ln, zip code 37129. This vibrant mixed-use community boasts three buildings totaling eight suites, ranging from 1,431 to 6,937 contiguous square feet. Built in 2011, the property features ample open parking and elevators. Its prime location on North Thompson Lane provides exceptional visibility, with a daily traffic count exceeding 25,000 vehicles. The property benefits from its proximity to Ascension Rutherford Hospital, numerous restaurants and grocery stores, and popular attractions like The View at Fountains and The Avenue. Furthermore, the upcoming construction of a 40-million-dollar, 4,500-seat Sunset Music Colosseum just half a mile away promises increased foot traffic and community vibrancy. Currently occupied by a diverse range of businesses including medical practices, retail shops, and professional services, Gateway Village presents a compelling opportunity for businesses seeking a thriving and convenient location in Murfreesboro. The property's strong tenant roster and strategic location make it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $245,999

  6.5%

  $227,076

  7%

  $210,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $122,578

  Geo Method

  $122,578

• Alternative Use

  Use

  Valuation

  Residential

  $281,574

  Hospitality

  $257,920

  Educational

  $214,587

  Medical

  $221,967

  Retail

  $333,802

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8599

Longitude

-86.4288

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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