Turnkey Retail/Office
For Sale
$849,000
118 W Vine St, Murfreesboro, TN 37130
Clean open concept with exposed barrel roof and updated roof and HVAC, positioned near public parking across from City Hall.
Property Size2,305 SF
Price / SF$368.33
Days on Market54
Property Features for 118 W Vine St
General Information
Standard status
Active
Size
2,305 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1925
Listing Agency:
ESTATE BROKERAGE GROUP
(615) 544-5380
Listed By:
ADAM NICHOLAS WEAVER
Source:
Corcoran
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 31 at 8:40AM
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 ESTATE BROKERAGE GROUP
Investment Insights
Based on property information with market context.
This turnkey commercial building features a clean, open interior layout with an exposed barrel roof, along with bathrooms and storage. Recent major improvements include a new roof, HVAC system, and masonry work completed within the last five years, designed to reduce near-term maintenance concerns while supporting day-to-day occupancy.
The property is located one block from the historic Murfreesboro Town Square within one of the city’s more active downtown business districts. Public parking is available directly across from the building at City Hall, with additional parking provided on the street and around the town square.
The space is well-suited for a user seeking a downtown retail or office environment, with a straightforward open concept that can accommodate a variety of layouts. The current tenant is scheduled to vacate the premises by July 1, 2026, subject to tenant operations. Please do not enter the building or disturb the operating business; tours should be scheduled in advance.
The property is located one block from the historic Murfreesboro Town Square within one of the city’s more active downtown business districts. Public parking is available directly across from the building at City Hall, with additional parking provided on the street and around the town square.
The space is well-suited for a user seeking a downtown retail or office environment, with a straightforward open concept that can accommodate a variety of layouts. The current tenant is scheduled to vacate the premises by July 1, 2026, subject to tenant operations. Please do not enter the building or disturb the operating business; tours should be scheduled in advance.
Key Highlights
- Year built 1925 commercial property with a clean open concept interior and exposed barrel roof
- Major upgrades within the last five years: new roof, HVAC system, and masonry work
- Located one block from the historic Murfreesboro Town Square with public parking at City Hall across the street
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $21.00 |
| − Vacancy | −$7.7k | −$3.36 |
| EGI | $40.7k | $17.64 |
| − OpEx | −$10.2k | −$4.41 |
| NOI | $30.5k | $13.23 |
2,305 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$435.6K
$381.2K – $508.3K
NOI $30,495 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$383.0K
$335.2K – $446.9K
NOI $26,812 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$581.1K
$508.5K – $678.0K
NOI $40,677 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37130, TN
59,677
Population
25,838
Households
2.3
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,389
Median Household Income
$37,710
Median Earnings
$1,157
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- RION Flowers, Coffee, and Gifts — 117 S Academy St, Murfreesboro, TN 37130
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- Flower Box Nashville — 224 w main st, murfreesboro, tn 37130
Frequently Asked Questions
What type of property is this?
Storefront property - Clean open concept with exposed barrel roof and updated roof and HVAC, positioned near public parking across from City Hall.
Where is this storefront property located?
The property is located at 118 W Vine St Murfreesboro, TN.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Year built 1925 commercial property with a clean open concept interior and exposed barrel roof; Major upgrades within the last five years: new roof, HVAC system, and masonry work; Located one block from the historic Murfreesboro Town Square with public parking at City Hall across the street
