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
Lot Size0.50 Acres
Price / SF$256.29
Days on Market298
Property Features for 5530 NW Broad St NW
General Information
Standard status
Active
Size
2,146 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
PREMIER REALTY TN LLC
(629) 895-2606
Listed By:
JUDY ANN ADE · License #377626
(615) 509-7928
Source:
Corcoran
Added: Nov 10, 2025
Changed: Sep 3
Last Checked: Sep 4 at 7:29AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,962
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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.
