Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space on Murfreesboro Square Title is generated by Realmo AI

    10B N Public Sq, Murfreesboro, TN 37130

    View on Map
    Claim this Listing
    For Lease
    $575/Mo $30 SF/Yr (calc)

    Private office space with hardwood floors available for rent.

    Type:Rental
    Property size:
    225 SF
    Lot size:
    0.15 Acres
    Added:
    Oct 4, 2024
    Days on Market:
    605
    Last Refresh:
    May 20 at 12:14 am

    Property Features for 10B N Public Sq

    General Information

    Standard status
    Active
    Size
    225 SF
    Lot size
    0.15 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Cole Hodges

    Listing agent Cole Hodges License #368949

    Listing office Stones River Property Mgmt and Real Estate Service

    Listing date Oct 4, 2024

    Source Exitrealty

    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 Stones River Property Mgmt and Real Estate Service

    HighLights

    • Prime Location: Directly on the Murfreesboro Square
    • Ready for Immediate Move‑in
    • Private Office Space
    • Hardwood Floors
    • Shared Waiting Area and Restrooms
    • CAM fee includes utilities

    Overview

    This is a second-floor private office space located directly on the Murfreesboro Square. The office features hardwood floors and is ready for immediate move-in. The layout includes a shared waiting area and restrooms. A $50 CAM fee is added to the base rent to cover common areas, utilities, and other related expenses. The property size is 225 square feet.
    Location Intelligence

    Current Use by Public Records

    Body By Design Spa & Massage Center DevDigital Murfreesboro Advertising Agency

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3917857
    Latitude
    35.8467005

    Nearby Similar for Lease

    • Sponsored
      $129-$5,478/Mo
      11-1,292 SF

      The Avenue Murfreesboro

      2615 Medical Center Pkwy, Unit 1560, Murfreesboro, TN 37129
      View Details
    • $40 SF/Yr
      1,790 SF

      Retail Space in High-Traffic Area

      Retail space anchored by Starbucks with high visibility and accessibility.
      1641 Memorial Blvd, Murfreesboro, TN
      View Details
    • $6,000/Mo
      5,767 SF

      Downtown Murfreesboro Flexible Space

      Charming space in the heart of the city.
      114 East College Street, Murfreesboro, TN 37130
      View Details
    • $7,251/Mo
      3,600 SF

      Versatile Showroom and Warehouse Space

      Mixed-use space with showroom, offices, and warehouse in Murfreesboro.
      710 Middle Tennessee Boulevard, Murfreesboro, TN 37129
      View Details
    • $58 SF/Yr
      1,241 SF

      Retail Space Near Future Bank

      Retail space available for sublease in Murfreesboro, Tennessee.
      2969 S Church St, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      64,500 SF

      Murfreesboro Warehouse Space Available

      64,500 SF warehouse space with office available for lease.
      880 Butler Drive, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      30,000 SF

      Murfreesboro Warehouse with Office Space

      30,000 SF commercial warehouse with offices in Murfreesboro, TN.
      831 Park Ave, Murfreesboro, TN 37130
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Space Near MTSU

      Retail space for lease near Middle Tennessee State University.
      2955 S Rutherford Blvd, Murfreesboro, TN
      View Details
    • $550/Mo

      Office Space on Murfreesboro Square

      Second floor office with hardwood floors and shared amenities.
      105 N Maple St, MURFREESBORO, TN, 37130-3524
      View Details
    • $555/Mo

      Office Space for Rent

      Office space available at 105 N Maple St, Murfreesboro.
      105 N Maple St, Murfreesboro, TN 37130
      View Details
    • $1,550/Mo
      1,000 SF

      Office Space with Kitchen

      Office space featuring two rooms, two baths, and a kitchen.
      427 North Walnut Street, Murfreesboro, TN 37130
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Murfreesboro

      Retail space available in Murfreesboro, Tennessee, anchored by Publix.
      1731 South Rutherford Boulevard, Murfreesboro, TN, 37130
      View Details

    FAQs

    What type of property is this?
    Office units - Private office space with hardwood floors available for rent.
    Where is this office units located?
    The property is located at 10B N Public Sq Murfreesboro, TN.
    What is the lease rate?
    The lease rate is $575 /Mo.
    What are key features of this property?
    This property features: Prime Location: Directly on the Murfreesboro Square; Ready for Immediate Move‑in; Private Office Space
    (615) 653-5150
    We can help!
    Listing Contact
    Cole Hodges
    Real Estate License ID: 368949
    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
    10B N Public Sq, Murfreesboro, TN 37130
    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!