Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical/Dental Office with Apartment Title is generated by Realmo AI

    117 Sulphur Springs Rd, Murfreesboro, TN 37129

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,525,000

    Medical/dental office with upstairs apartment and expansion potential.

    Property size:
    3,500 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $435/SF
    Added:
    Sep 2, 2025
    Days on Market:
    258
    Last Refresh:
    Jan 20 at 11:03 am

    Property Features for 117 Sulphur Springs Rd

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    Leanne Davis Johnson

    Listing agent Leanne Davis Johnson

    Listing office Royal Properties Realty Co. Inc.

    Listing date Sep 2, 2025

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Royal Properties Realty Co. Inc.

    HighLights

    • Large commercial space: 3500 sq ft downstairs with an additional 1000 sq ft apartment upstairs, plus 1000 sq ft of expandable space.
    • Owner financing considered.
    • Currently configured as a dental office, suitable for immediate use.
    • Adaptable space ideal for a med spa or other specialties.
    • Dental equipment available for purchase (Pelton Crane cabinetry, xray equipment, dental chairs).
    • Upstairs apartment provides living space or potential rental income.

    Overview

    This property, currently used as a dental office, offers 3,500 square feet on the ground floor with an additional 1,000 square foot apartment upstairs. There is also an extra 1,000 square feet of expandable space. The building may also suit a med spa or other specialties. Pelton Crane cabinetry, X-ray equipment, and dental chairs and equipment are available for purchase. Owner financing may be considered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    David T Johnson, ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • McPherson Veterinary Services — 1806 Memorial Blvd, Murfreesboro, TN 37129

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3897
    Latitude
    35.8675

    Nearby Similar for Sale

    • $1,000,000
      5,626 SF

      Multi-Use Property Near Downtown

      Versatile commercial property suitable for office, medical, or institutional use.
      507 N University St, Murfreesboro, TN 37130
      View Details
    • $4,350,000
      12,000 SF

      Mixed-Use Investment Opportunity

      Multiple buildings with tenants and leases in Murfreesboro, TN.
      1635 Middle Tennessee Blvd, Murfreesboro, TN 37130
      View Details
    • $1,400,000
      7,200 SF

      Murfreesboro Commercial Building in CBD

      7,200 sqft commercial building in Murfreesboro's historic courthouse square.
      118 Walnut N Street, Murfreesboro, TN 37130
      View Details
    • $1,200,000
      3,450 SF

      Murfreesboro Office Building For Sale

      3,450 SF office building in the heart of Murfreesboro.
      725 S Church Street, Murfreesboro, TN 37130
      View Details
    • Contact for pricing
      9,167 SF

      Retail Center Near The Avenue

      9,167 SF retail center with strong national tenant lineup.
      2711 Medical Center Pkwy, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      3,439 SF

      PNC Bank NNN Investment

      NNN leased PNC Bank in Murfreesboro, Tennessee.
      2782 S. Church Street, Murfreesboro, TN 37127
      View Details
    • $2,085,000

      Restaurant in Growing Downtown Area

      NN+ leased Japanese restaurant in a rapidly growing city.
      521 NW Broad Street, Murfeesboro, TN 37129
      View Details
    • $350,000
      1,100 SF

      Versatile Medical/Residential Zoned Property

      Property with CM-R zoning, suitable for medical or residential use.
      453 Forrest St, Murfreesboro, TN 37130
      View Details
    • $6,750,000

      University Pointe Multifamily Investment

      75-bed multifamily property near Middle Tennessee State University.
      1238 Sloan St, Murfreesboro, TN 37130
      View Details
    • $7,425,000
      5,703 SF

      Highway Retail Property in Murfreesboro

      New NNN lease property near Interstate 24 entrance.
      1509 Joe B Jackson Pkwy, Murfreesboro, TN
      View Details
    • $349,000
      1,900 SF

      Barfield Area Commercial Office Building

      Commercial office building in high-demand Murfreesboro location, ideal for investment.
      239E Veterans Pkwy, Murfreesboro, Murfreesboro, TN 37128
      View Details
    • Contact for pricing

      NW Broad Street Commercial Space

      Flexible retail, office, or storage space with prime frontage.
      1103 NW Broad St , Murfreesboro, TN 37129
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical/dental office with upstairs apartment and expansion potential.
    Where is this medical office space located?
    The property is located at 117 Sulphur Springs Rd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: Large commercial space: **3500 sq ft downstairs with an additional 1000 sq ft apartment upstairs, plus 1000 sq ft of expandable space.**; Owner financing considered.; Currently configured as a dental office, suitable for immediate use.
    (615) 300-1010
    We can help!
    Listing Contact
    Leanne Davis Johnson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 Sulphur Springs Rd, MURFREESBORO, TN, 37129-2117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!