Modern Retail
For Sale
Contact for pricing
2159 N Thompson Ln, Murfreesboro, TN 37129
Commercial unit configured for retail, office, or creative studio use.
Property Size1,200 SF
Price / SF$1.71
Days on Market50
Property Features for 2159 N Thompson Ln
General Information
Standard status
Active
Size
1,200 SF
Listing Agency:
Stones River Property Mgmt and Real Estate Service
Listed By:
Cole Hodges · License #368949
(615) 653-5150
Source:
Fykesrealtygroup
Added: Sep 5
Changed: Oct 6
Last Checked: Oct 7 at 5:39PM
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
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.
This 1,200-square-foot commercial unit offers a flexible setting for retail, office, or creative studio operations. The space is presented with modern design and can accommodate businesses seeking a dedicated commercial unit with room for growth.
Located at 2159 N Thompson Ln in Murfreesboro, Tennessee, the property is positioned within a commercial area described as offering visibility and accessibility. Its adaptable use profile supports a range of business formats while retaining a clear retail-space identity.
Located at 2159 N Thompson Ln in Murfreesboro, Tennessee, the property is positioned within a commercial area described as offering visibility and accessibility. Its adaptable use profile supports a range of business formats while retaining a clear retail-space identity.
Key Highlights
- 1,200‑square‑foot commercial unit
- Suitable for retail, office, or creative studio use
- Modern design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,160
$279.2K
Cap Rate 7%
$199,400
$199.4K
Cap Rate 9%
$155,089
$155.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$940 −$0.78/SF
EGI
$19.9K $16.62/SF
− OpEx
−$6.0K −$4.99/SF
NOI
$14.0K $11.63/SF
Area
Murfreesboro, TN
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,160
Cap Rate 7%
$199,400
Cap Rate 9%
$155,089
Alternative Uses
Best Use
Office B
$226.8K
$198.5K – $264.6K
NOI $15,876 @ 7.0% cap · market cap 774.44%
Second Best
Retail
$199.4K
$174.5K – $232.6K
NOI $13,958 @ 7.0% cap · market cap 680.88%
Theoretical Best
Office A
$302.5K
$264.7K – $353.0K
NOI $21,177 @ 7.0% cap · market cap 1,033.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
223
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial unit configured for retail, office, or creative studio use.
Where is this retail space located?
The property is located at 2159 N Thompson Ln Murfreesboro, TN.
What are key features of this property?
This property features: 1,200‑square‑foot commercial unit; Suitable for retail, office, or creative studio use; Modern design
