Retail Store on
For Sale
$475,000
525 SE Broad St, Murfreesboro, TN 37130
Commercial Highway zoned retail store with high visibility and traffic.
Property Size1,508 SF
Price / SF$314.99
Days on Market487
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
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,541
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,820
$350.8K
Cap Rate 7%
$250,586
$250.6K
Cap Rate 9%
$194,900
$194.9K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$26.2K $17.40/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$25.1K $16.62/SF
− OpEx
−$7.5K −$4.99/SF
NOI
$17.5K $11.63/SF
Area
Murfreesboro, TN
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,820
Cap Rate 7%
$250,586
Cap Rate 9%
$194,900
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
McDonald's
Dining
20,856 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,831 visits/mo
0.1 miles
AutoZone
Shops & Services
3,503 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
1,786 visits/mo
0.1 miles
Cash America
Shops & Services
1,615 visits/mo
0.3 miles
Demographics for 37130, TN
59,677
Population
25,838
Households
2.3
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,389
Median Household Income
$37,710
Median Earnings
$1,157
Median Rent
$347,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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.
