Multi-Tenant Office
1524 Williams Dr, Murfreesboro, TN 37129
For Sale
New
Contact for pricing
Healthcare and general office tenants occupy a fully leased, triple-net property with no landlord expense obligations.
Property Size37,120 SF
Price / SF$348.87
Days on Market6
Property Features for 1524 Williams Dr
General Information
Standard status
Size
Class
Property subtype
Occupancy
Additional Details
Highway Access
Tenant in Place
Property Use
Building Details
Year Built
Building Size
Tenancy
Listing Agency:
Foundry Commercial Nashville
Listed By:
Rick Helton · License TN #261989
(615) 324-0785
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 2:21PM
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 Foundry Commercial Nashville
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2018, this 37,120-square-foot office building combines medical and general office tenancy in a multi-tenant configuration. The property is fully leased, with 100% triple-net leases and no landlord expense obligations. Its weighted average lease term is 3.20 years.
The building is in Murfreesboro’s Gateway Medical District, adjacent to Saint Thomas Rutherford Hospital, with immediate access to I-24 Exit 76.
The building is in Murfreesboro’s Gateway Medical District, adjacent to Saint Thomas Rutherford Hospital, with immediate access to I-24 Exit 76.
Key Highlights
- 37,120 square feet; completed in 2018
- Fully leased with medical and general office tenants
- 100% triple‑net leases and no landlord expense obligations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$491,098
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,821,960
$9.8M
Cap Rate 7%
$7,015,686
$7.0M
Cap Rate 9%
$5,456,644
$5.5M
Market Conditions
NOI Build-Up for 37,120 SF
Gross rent
$779.5K $21.00/SF
− Vacancy
−$124.7K −$3.36/SF
EGI
$654.8K $17.64/SF
− OpEx
−$163.7K −$4.41/SF
NOI
$491.1K $13.23/SF
Area
Murfreesboro, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,821,960
Cap Rate 7%
$7,015,686
Cap Rate 9%
$5,456,644
Alternative Uses
Best Use
Office B
$7.02M
$6.14M – $8.18M
NOI $491,098 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$6.46M
$5.66M – $7.54M
NOI $452,411 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$9.36M
$8.19M – $10.92M
NOI $655,064 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 37129, TN
60,494
Population
24,548
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
80.0 sq mi
ZIP Area
756
Density / Sq Mi
$89,772
Median Household Income
$48,137
Median Earnings
$1,597
Median Rent
$371,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Healthcare and general office tenants occupy a fully leased, triple-net property with no landlord expense obligations.
Where is this office building located?
The property is located at 1524 Williams Dr Murfreesboro, TN.
What is the asking price?
The asking price for this property is $12,950,000.
What are key features of this property?
This property features: 37,120 square feet; completed in 2018; Fully leased with medical and general office tenants; 100% triple‑net leases and no landlord expense obligations
