Automotive Service Shop and
3571 Murfreesboro Rd Lebanon, TN 37090
For Sale
$3,900,000
Includes a 56-by-60 shop with a vehicle lift plus a detached garage and heated/cooled office space.
Property Size2,300 SF
Price / SF$1,695
Days on Market30
Property Features for 3571 Murfreesboro Rd
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing Agency:
BENCHMARK REALTY, LLC
(615) 288-8292
Listed By:
DIANE JOURNELL · License #332892
Source:
Corcoran
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 23 at 10:21AM
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 BENCHMARK REALTY, LLC
Investment Insights
Based on property information with market context.
This property offers a purpose-built automotive service setup, featuring a 56 x 60 shop with a vehicle lift. Also included is a 24 x 36 detached garage with a 24 x 14 heated/cooled office space.
The site further includes an approximately 2,300 SF house that has been totally remodeled and contains 3 bedrooms and 2.5 baths, and it could be converted to office space. Access is available to Highway 231–Murfreesboro Road, South, and Old Murfreesboro Road.
The property is part of three connected tracts of land, with two additional parcels next door, allowing a buyer the option to purchase 20+ acres in the Commercial Corridor on Murfreesboro Road (buyer to verify exact acreage and configuration).
The site further includes an approximately 2,300 SF house that has been totally remodeled and contains 3 bedrooms and 2.5 baths, and it could be converted to office space. Access is available to Highway 231–Murfreesboro Road, South, and Old Murfreesboro Road.
The property is part of three connected tracts of land, with two additional parcels next door, allowing a buyer the option to purchase 20+ acres in the Commercial Corridor on Murfreesboro Road (buyer to verify exact acreage and configuration).
Key Highlights
- 56 x 60 shop with vehicle lift (Year built 2003)
- 24 x 36 detached garage with 24 x 14 heated/cooled office space
- Approximately 2,300 SF house with 3 BR and 2.5 BA, totally remodeled
Financial Insights For Industrial
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 | $269.1k | $117.00 |
| − Vacancy | −$20.7k | −$9.01 |
| EGI | $248.4k | $107.99 |
| − OpEx | −$74.5k | −$32.40 |
| NOI | $173.9k | $75.59 |
2,300 SF · lease $117.00/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.48M
$2.17M – $2.90M
NOI $173,866 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$751.4K
$657.5K – $876.6K
NOI $52,598 @ 7.0% cap · market cap 1.35%
Theoretical Best
Warehouse
$3.02M
$2.64M – $3.52M
NOI $211,122 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Hayes Automotive & Small Engines — 4115 Murfreesboro Rd, Lebanon, TN 37090
FAQs
What type of property is this?
Auto shop - Includes a 56-by-60 shop with a vehicle lift plus a detached garage and heated/cooled office space.
Where is this auto shop located?
The property is located at 3571 Murfreesboro Rd Lebanon, TN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 56 x 60 shop with vehicle lift (Year built 2003); 24 x 36 detached garage with 24 x 14 heated/cooled office space; Approximately 2,300 SF house with 3 BR and 2.5 BA, totally remodeled
