Retail or Auto Shop
For Sale
$550,000
5530 NW Broad St NW, Murfreesboro, TN 37129
2,146 SF commercial space suitable for retail or auto shop.
Property Size2,146 SF
Price / SF$256.29
Days on Market228
Property Features for 5530 NW Broad St NW
General Information
Standard status
Active
Size
2,146 SF
Building Details
Year Built
1958
Listing Agency:
Premier Realty TN LLC
Listed By:
Judy Ann Ade · License #377626
(629) 895-2606
Source:
Fykesrealtygroup
Added: Mar 5
Changed: Oct 7
Last Checked: Oct 7 at 12:56PM
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 Premier Realty TN LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers 2,146 square feet of space suitable for retail or auto shop businesses. The property is located on NW Broad St NW in Murfreesboro, Tennessee.
Key Highlights
- 2,146 SF commercial space perfect for your business.
- Suitable for retail or auto shop.
- Year Built: 1958.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,962
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,240
$499.2K
Cap Rate 7%
$356,600
$356.6K
Cap Rate 9%
$277,356
$277.4K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$37.3K $17.40/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$35.7K $16.62/SF
− OpEx
−$10.7K −$4.99/SF
NOI
$25.0K $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%
$499,240
Cap Rate 7%
$356,600
Cap Rate 9%
$277,356
Alternative Uses
Best Use
Retail
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$541.0K
$473.4K – $631.2K
NOI $37,871 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Dollar General
Shops & Services
8,423 visits/mo
0.1 miles
BP
Shops & Services
7,478 visits/mo
0.2 miles
SUBWAY
Dining
1,281 visits/mo
0.1 miles
Commercial Tire
Shops & Services
442 visits/mo
0.4 miles
Demographics for 37129, TN
60,494
Population
24,548
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
80.0 sq mi
ZIP Area
756
Density / Sq Mi
$89,772
Median Household Income
$48,137
Median Earnings
$1,597
Median Rent
$371,100
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
Similar Off Market Nearby
- True Blue Truck — 5021 nw broad st, murfreesboro, tn 37129
- True Blue Truck (formerly Essentially Off Road) — 5021 NW Broad St B, Murfreesboro, TN 37129
- Punjab Truck & Trailer Tire Service — 5114 NW Broad St, Murfreesboro, TN 37129
- Best One Tire And Service — 4212 Northstar Dr, Murfreesboro, TN 37129
- Olympia Luxury Coaches — 4228 Northstar Dr, Murfreesboro, TN 37129
Frequently Asked Questions
What type of property is this?
Auto shop - 2,146 SF commercial space suitable for retail or auto shop.
Where is this auto shop located?
The property is located at 5530 NW Broad St NW Murfreesboro, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,146 SF commercial space perfect for your business.; Suitable for retail or auto shop.; Year Built: 1958.
