30x40 Shop Building on
4052 Hill Rd, Rockvale, TN 37153
For Sale
$425,000
Property includes a 30x40 shop with concrete floor and electricity, plus a manufactured home on a foundation.
Property Size2,000 SF
Price / SF$212.50
Days on Market158
Property Features for 4052 Hill Rd
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Keller Williams Realty - Murfreesboro
Listed By:
Scott Riedel
(615) 207-8154
Source:
Midtnhomefinders
Added: Jun 7
Changed: Nov 10
Last Checked: Nov 10 at 12:52PM
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 Keller Williams Realty - Murfreesboro
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Investment Insights
Based on property information with market context.
This property features a large 30x40 shop building with a concrete floor and electricity. A manufactured home sits on a foundation and presents an outstanding renovation opportunity for buyers looking to customize the residence.
An existing 3-bedroom septic system is in place; the original permit could not be located. The property also offers a build-lot option with an additional adjoining 1-acre lot available under a separate MLS listing.
Overall, the site combines usable outbuilding space with on-site utilities and septic infrastructure, supporting a variety of redevelopment plans within the constraints of the current septic record.
An existing 3-bedroom septic system is in place; the original permit could not be located. The property also offers a build-lot option with an additional adjoining 1-acre lot available under a separate MLS listing.
Overall, the site combines usable outbuilding space with on-site utilities and septic infrastructure, supporting a variety of redevelopment plans within the constraints of the current septic record.
Key Highlights
- Large 30x40 shop building with concrete floor and electricity on the property
- Manufactured home on a foundation included
- Existing 3‑bedroom septic system in place (original permit not located)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,061
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,220
$321.2K
Cap Rate 7%
$229,443
$229.4K
Cap Rate 9%
$178,456
$178.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$19.5K $9.75/SF
− Vacancy
−$605 −$0.30/SF
EGI
$18.9K $9.45/SF
− OpEx
−$2.8K −$1.42/SF
NOI
$16.1K $8.03/SF
Area
Rutherford County, TN
Vacancy
3.10%
Lease Rate
$9.75 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,220
Cap Rate 7%
$229,443
Cap Rate 9%
$178,456
Alternative Uses
Best Use
Warehouse
$229.4K
$200.8K – $267.7K
NOI $16,061 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 37153, TN
5,726
Population
1,941
Households
3
Avg Household Size
40
Median Age
35%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
110
Density / Sq Mi
$90,625
Median Household Income
$58,333
Median Earnings
$944
Median Rent
$408,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Property includes a 30x40 shop with concrete floor and electricity, plus a manufactured home on a foundation.
Where is this residential land & home lot located?
The property is located at 4052 Hill Rd Rockvale, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Large 30x40 shop building with concrete floor and electricity on the property; Manufactured home on a foundation included; Existing 3‑bedroom septic system in place (original permit not located)
