Commercial Land with
4372 Shelbyville Hwy Murfreesboro, TN 37127
4372 Shelbyville Hwy, Murfreesboro, TN, 37127
$2,199,990
For Sale
$2,199,990
3-acre commercial land with permits for dealership/warehouse.
Property Size17,000 SF
Lot Size3.04 Acres
Price / SF$129.41
Days on Market474
Property Features for 4372 Shelbyville Hwy
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Lot size
- 3.04 Acres
- Property subtype
- Commercial
Listing Agency
KELLER WILLIAMS REALTY - MURFREESBORO
(615) 895-8000
Listed by
JD MAHMOUD
Source
Corcoran
Added: Apr 2, 2025 Checked: Jul 19 at 4:10 am
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 KELLER WILLIAMS REALTY - MURFREESBORO
Investment Insights
Based on property information with market context.
This 3-acre commercial land is zoned Commercial General District and has permits to build a dealership or warehouse. The property is designed to accommodate up to 90 vehicles and includes a nearly 5,000 sq ft office building and a 12,000 sq ft warehouse. Located on Shelbyville Hwy, this property offers high visibility. It is suitable for automotive-related businesses or expansion opportunities. Buyer and buyer’s agent to verify all pertinent information and conduct their own due diligence.
Key Highlights
- 1.3 Acres of Commercial Land Zoned Commercial General District
- Permits in Hand to Build a Dealership/Warehouse
- Designed to Fit Up to 90 Vehicles
Local Financial Insights For Retail
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 | $295.8k | $17.40 |
| − Vacancy | −$13.3k | −$0.78 |
| EGI | $282.5k | $16.62 |
| − OpEx | −$84.7k | −$4.99 |
| NOI | $197.7k | $11.63 |
17,000 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.21M
$2.81M – $3.75M
NOI $224,910 @ 7.0% cap · market cap 10.22%
Second Best
Retail
$2.82M
$2.47M – $3.30M
NOI $197,742 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,002 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 3-acre commercial land with permits for dealership/warehouse.
Where is this commercial land located?
The property is located at 4372 Shelbyville Hwy Murfreesboro, TN.
What is the asking price?
The asking price for this property is $2,199,990.
What are key features of this property?
This property features: 1.3 Acres of Commercial Land Zoned Commercial General District; Permits in Hand to Build a Dealership/Warehouse; Designed to Fit Up to 90 Vehicles
