Auto Shop with Covered
1601 Flat Rock Rd, Murfreesboro, TN 37130
Auto shop with ample parking and multiple buildings for various uses.
Property size:
4,200 SFPrice / SF:
$202/SF- Added:
- May 31, 2025
- Days on Market:
- 368
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1601 Flat Rock Rd
General Information
- Standard status
- Active
- Size
- 4,200 SF
Building Details
- Year Built
- 2000
Listing agent ESTHER WALLACE License #264741
Listing office MIDDLE TENNESSEE REALTY GROUP, INC. (615) 893-2380
Listing date May 31, 2025
Source Corcoran
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 MIDDLE TENNESSEE REALTY GROUP, INC.
HighLights
- Large 3200 sq. ft. metal building with 1/2 bath, central heat and air, and gas heat.
- Includes a 14,000 lb. drive‑on car lift and (4) 10x12 overhead doors (one drive‑through).
- Office space boasts 1000 sq. ft., 3 entrances, handicapped ramp, kitchen, and 2 (1/2) baths.
- Located close to the city, but with no city taxes.
- Ample parking, partly concrete and partly paved.
- Two additional buildings for storage or conversion.
Overview
This property features a large metal building constructed in 2000, offering 3200 square feet of covered space. The building includes a half bath, central heat and air, and gas heat. It is equipped with a 14,000 lb drive-on car lift and four 10x12 overhead doors, with a drive-through middle door. Ample parking is available, partly concrete. Two additional buildings can be utilized for storage or converted into other spaces. The office space comprises 1000 square feet with three entrances, a handicapped ramp with railing, and a kitchen. It has two half baths, with the potential to expand one bathroom. A large room is suitable for cubicles or a conference room, along with four other office spaces. A large paved parking area is also present. The property is conveniently located close to the city and is free of city taxes.
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 | $73.1k | $17.40 |
| − Vacancy | −$3.3k | −$0.78 |
| EGI | $69.8k | $16.62 |
| − OpEx | −$20.9k | −$4.99 |
| NOI | $48.9k | $11.63 |
4,200 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$697.9K
$610.7K – $814.2K
NOI $48,854 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.06M
$926.5K – $1.24M
NOI $74,118 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
All-Time Exterminating & Moisture ...
Garden Center
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.3377
- Latitude
- 35.8562
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FAQs
What type of property is this?
Auto shop - Auto shop with ample parking and multiple buildings for various uses.
Where is this auto shop located?
The property is located at 1601 Flat Rock Rd Murfreesboro, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Large 3200 sq. ft. metal building with 1/2 bath, central heat and air, and gas heat.; Includes a 14,000 lb. drive‑on car lift and (4) 10x12 overhead doors (one drive‑through).; Office space boasts 1000 sq. ft., 3 entrances, handicapped ramp, kitchen, and 2 (1/2) baths.
