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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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