Retail Store on
525 SE Broad St Murfreesboro, TN 37130
525 SE Broad St, Murfreesboro, TN, 37130
$475,000
For Sale
$475,000
Commercial Highway zoned retail store with high visibility and traffic.
Property Size1,508 SF
Price / SF$314.99
Days on Market396
Property Features for 525 SE Broad St
General Information
- Standard status
- Active
- Size
- 1,508 SF
Building Details
- Year Built
- 1954
Listing Agency
BILL JAKES REALTY
Listed by
BILL JAKES
Source
Corcoran
Added: Jun 17, 2025 Checked: Mar 16 at 9:09 am
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 BILL JAKES REALTY
Investment Insights
Based on property information with market context.
This property, most recently used as a retail store, is zoned for commercial highway use. The building offers approximately 1508 square feet of space. It benefits from high visibility and a significant traffic count.
Key Highlights
- Commercial Highway Zoning offers versatile possibilities.
- Amazing Visibility to capture attention.
- High Traffic Count ensures exposure.
Local Financial Insights For Retail
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 | $26.2k | $17.40 |
| − Vacancy | −$1.2k | −$0.78 |
| EGI | $25.1k | $16.62 |
| − OpEx | −$7.5k | −$4.99 |
| NOI | $17.5k | $11.63 |
1,508 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$250.6K
$219.3K – $292.4K
NOI $17,541 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.2K
$332.7K – $443.5K
NOI $26,612 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Enchanted Planet
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Commercial Highway zoned retail store with high visibility and traffic.
Where is this retail property located?
The property is located at 525 SE Broad St Murfreesboro, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Commercial Highway Zoning offers versatile possibilities.; Amazing Visibility to capture attention.; High Traffic Count ensures exposure.
