Automotive Service Shop and
For Sale
$3,900,000
3571 Murfreesboro Road, Lebanon, TN 37090
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 Market116
Property Features for 3571 Murfreesboro Road
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Listing Agency:
Benchmark Realty, LLC
Listed By:
Diane Journell · License #332892
(615) 406-0476
Source:
Benchmarkrealtytn
Added: Jun 17
Changed: Oct 10
Last Checked: Oct 10 at 1:14AM
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
Estimated NOI and Cap Rate
NOI / Yr
$173,866
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,477,320
$3.5M
Cap Rate 7%
$2,483,800
$2.5M
Cap Rate 9%
$1,931,844
$1.9M
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$269.1K $117.00/SF
− Vacancy
−$20.7K −$9.01/SF
EGI
$248.4K $107.99/SF
− OpEx
−$74.5K −$32.40/SF
NOI
$173.9K $75.59/SF
Area
Wilson County, TN
Vacancy
7.70%
Lease Rate
$117.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,477,320
Cap Rate 7%
$2,483,800
Cap Rate 9%
$1,931,844
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 authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37090, TN
18,369
Population
7,665
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
93%
High-School Grad
166.4 sq mi
ZIP Area
110
Density / Sq Mi
$85,048
Median Household Income
$46,364
Median Earnings
$1,410
Median Rent
$392,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Hayes Automotive & Small Engines — 4115 Murfreesboro Rd, Lebanon, TN 37090
Frequently Asked Questions
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 Road 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
