Mixed-Use Property with
2442 Halls Hill Pike, Murfreesboro, TN 37130
For Sale
New
$650,000
Two residential units are leased, while the commercial space is vacant.
Property Size2,262 SF
Days on Market3
Property Features for 2442 Halls Hill Pike
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
simpliHOM
Listed By:
Nashwa Ghattas · License TN #352070
(615) 738-9947
Source:
Chordrealestate
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 9 at 1:55PM
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 simpliHOM
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.
Built in 1984, this mixed-use property contains three separate units: a three-bedroom apartment, a studio, and a commercial storefront. The apartment and studio are leased; the storefront is vacant.
Key Highlights
- Three‑unit configuration: three‑bedroom apartment, studio, and commercial storefront
- Apartment and studio are currently leased
- Commercial storefront is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,313
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,260
$526.3K
Cap Rate 7%
$375,900
$375.9K
Cap Rate 9%
$292,367
$292.4K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$44.8K $19.80/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$42.1K $18.61/SF
− OpEx
−$15.8K −$6.98/SF
NOI
$26.3K $11.63/SF
Area
Murfreesboro, TN
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,260
Cap Rate 7%
$375,900
Cap Rate 9%
$292,367
Alternative Uses
Best Use
Mixed Use
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$375.9K
$328.9K – $438.5K
NOI $26,311 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$570.3K
$499.0K – $665.3K
NOI $39,918 @ 7.0% cap · market cap 6.14%
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
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Apparel 5%
Dollar General
Shops & Services
6,137 visits/mo
0.2 miles
Vans
Apparel
303 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units are leased, while the commercial space is vacant.
Where is this mixed-use property located?
The property is located at 2442 Halls Hill Pike Murfreesboro, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit configuration: three‑bedroom apartment, studio, and commercial storefront; Apartment and studio are currently leased; Commercial storefront is vacant
