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    3731 Shelbyville Hwy Murfreesboro, TN 37127

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    For Sale
    $5,800,000

    16 acres of commercial land with high traffic and potential.

    Property size:
    1,608 SF
    Lot size:
    16.00 Acres

    Property Features for 3731 Shelbyville Hwy

    General Information

    Standard status
    Active
    Size
    1,608 SF
    Lot size
    16.00 Acres

    Building Details

    Year built
    1975

    Source: RE/MAX 1ST REALTY Agent FREDA K. JONES

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Highway 231

    This property features sixteen acres of commercial land with potential for development. Located on Highway 231, it is situated just past Joe B. Jackson Parkway and Walmart. The site is near a medical facility, Aldi's, Pep Boys, and Walmart. The property benefits from high traffic counts, offering numerous possibilities for commercial use. A house and detached garage/workshop are located on the premises. The land is partially cleared and includes 435 ft of road frontage. A water line with accessibility runs through the property. The seller is willing to assist in rezoning if needed. This is the first time this property has been offered for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.39994
    Latitude
    35.768417

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    FAQs

    What type of property is this?
    Commercial land - 16 acres of commercial land with high traffic and potential.
    Where is this commercial land located?
    The property is located at 3731 Shelbyville Hwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Sixteen acres of commercial potential on Hwy 231.; - High traffic location near Joe B. Jackson Parkway, Wal Mart, medical facilities, Aldi's, and Pep Boys.; - **435 ft. of road frontage.**
    (931) 728-5552
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3731 Shelbyville Hwy Murfreesboro, TN 37127
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