Remodeled Retail Property on
2204 NW Broad St Murfreesboro, TN 37129
2204 NW Broad St, Murfreesboro, TN, 37129
$3,195,000
For Sale
$3,195,000
High-traffic retail property with showroom, offices, and warehouse space.
Property Size10,900 SF
Lot Size0.98 Acres
Price / SF$293.12
Days on Market339
Property Features for 2204 NW Broad St
General Information
- Standard status
- Active
- Size
- 10,900 SF
- Lot size
- 0.98 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency
STEVENS GROUP
(615) 366-8900
Listed by
REED RUST · License #356216
Source
Corcoran
Added: Aug 13, 2025 Checked: Jul 17 at 3:20 am
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 STEVENS GROUP
Investment Insights
Based on property information with market context.
This commercial retail property, remodeled in 2023, offers 10,900 square feet of space on a 0.98-acre lot. The building features a 3,500 sq ft showroom, six private offices, an executive office, a dedicated shipping office, and a standalone conference room, suitable for retail, office, or distribution purposes. A 3,600 sq ft warehouse and 650 sq ft of climate-controlled storage on the second floor provide additional flexibility. The parking lot was fully repaved in 2022. Located on NW Broad St, the property benefits from high traffic volume, with over 44,000 vehicles passing by daily. Previously used as a car lot, the location retains its potential for automotive sales or can be adapted for other commercial uses.
Key Highlights
- High‑traffic location with over 44,000 vehicles passing daily.
- Fully remodeled in 2023.
- 10,900± sq. ft. building suitable for retail, office, or distribution.
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 | $189.7k | $17.40 |
| − Vacancy | −$8.5k | −$0.78 |
| EGI | $181.1k | $16.62 |
| − OpEx | −$54.3k | −$4.99 |
| NOI | $126.8k | $11.63 |
10,900 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,788 @ 7.0% cap · market cap 3.97%
Second Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,924 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,354 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
Similar Off Market Nearby
- B & B Flooring — 2204 NW Broad St, Murfreesboro, TN 37129
FAQs
What type of property is this?
Showroom - High-traffic retail property with showroom, offices, and warehouse space.
Where is this showroom located?
The property is located at 2204 NW Broad St Murfreesboro, TN.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: High‑traffic location with over 44,000 vehicles passing daily.; Fully remodeled in 2023.; 10,900± sq. ft. building suitable for retail, office, or distribution.
