Corner Lot Commercial
For Sale
$900,000
1703 Bradyville Pike, Murfreesboro, TN 37130
Commercial property on a corner lot in a high-traffic area.
Property Size1,995 SF
Price / SF$451.13
Days on Market469
Property Features for 1703 Bradyville Pike
General Information
Standard status
Active
Size
1,995 SF
Building Details
Year Built
1967
Listing Agency:
CENTURY 21 PRESTIGE NASHVILLE
Listed By:
TODD MANGRUM
(615) 361-5010
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Aug 25 at 4:41AM
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 CENTURY 21 PRESTIGE NASHVILLE
Investment Insights
Based on property information with market context.
This commercial property includes a building and lot situated on a corner location within a high-traffic area. The property encompasses 1995 square feet. Originally utilized as a pharmacy and gas station, the property presents opportunities for various business ventures, including retail, daycare, or automotive-related purposes. The building includes two restrooms.
Key Highlights
- High‑traffic corner lot location offers excellent visibility and business potential.
- Versatile commercial property suitable for various uses (retail, daycare, etc.).
- Includes both building and lot in the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,717
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$534,340
$534.3K
Cap Rate 7%
$381,671
$381.7K
Cap Rate 9%
$296,856
$296.9K
Market Conditions
NOI Build-Up for 1,995 SF
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.
Gross rent
$37.1K $18.60/SF
− Vacancy
−$1.5K −$0.74/SF
EGI
$35.6K $17.86/SF
− OpEx
−$8.9K −$4.46/SF
NOI
$26.7K $13.39/SF
Area
Murfreesboro, TN
Vacancy
4.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$534,340
Cap Rate 7%
$381,671
Cap Rate 9%
$296,856
Alternative Uses
Best Use
Specialty Retail
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 2.97%
Second Best
Retail
$331.5K
$290.1K – $386.8K
NOI $23,206 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$502.9K
$440.1K – $586.8K
NOI $35,206 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,873 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Drug store - Commercial property on a corner lot in a high-traffic area.
Where is this drug store located?
The property is located at 1703 Bradyville Pike Murfreesboro, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic corner lot location offers **excellent visibility and business potential**.; Versatile commercial property suitable for various uses (retail, daycare, etc.).; Includes both building and lot in the sale.
