1524 Williams DrMurfreesboro, TN 37129

Property Details for 1524 Williams Dr

Year built

2018

Construction

FRAME

Lot size

2.69 AC

Property size (Sq ft)

41,052 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

091A-C-007.00-000

APU

091AC00700000

Description

This exceptional Class A office building in Murfreesboro, Tennessee, offers a prime opportunity for businesses seeking high-quality space. Located at 1524 Williams Dr, 37129, this property boasts a total of 2,340 square feet, with 1,800 square feet currently available for lease. The suite is situated on the second floor and features convenient elevator access. The building is ideally positioned within Murfreesboro's prestigious Gateway District, providing easy access to I-24 Exit 76, ensuring convenient commutes for employees and clients. Its strategic location also places it in close proximity to St. Thomas Rutherford Hospital and the Murfreesboro Medical Clinic, making it particularly attractive for medical office practices or businesses serving the healthcare sector. The current asking rate is $27 per square foot, triple net (NNN), with a generous build-out allowance ranging from $45 to $50 per square foot. The building enjoys a strong tenant roster, including established businesses such as Ascend Federal Credit Union and Fresenius Kidney Care, underscoring its desirability and stability. This is a rare opportunity to secure premium office space in a thriving location. The property is suitable for both executive office and medical office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $7,091,818

  6.5%

  $6,546,294

  7%

  $6,078,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,533,756

  Geo Method

  $3,533,756

• Alternative Use

  Use

  Valuation

  Residential

  $8,117,404

  Hospitality

  $7,435,498

  Educational

  $6,186,248

  Medical

  $6,399,002

  Retail

  $9,623,051

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8636

Longitude

-86.4204

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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