New Flex Industrial
New
For Sale
$2,499,990
5824 New Nashville Hwy, Murfreesboro, TN 37129
The facility combines warehouse, office, and showroom areas in one building.
Property Size8,220 SF
Price / SF$304.14
Days on Market3
Property Features for 5824 New Nashville Hwy
General Information
Standard status
Active
Size
8,220 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
19 ft
Warehouse Space
6,200 SF
Dock-High Doors
2
Drive-In Doors
1
Loading
Front Load
Building Details
Year Built
2026
Building Size
8,220 SF
Listing Agency:
SIMPLIHOM
(855) 856-9466
Listed By:
MIKE MEKHAIL, PRINCIPAL BROKER, CRS, ABR
Source:
Corcoran
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 12 at 2:29AM
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 SIMPLIHOM
Investment Insights
Based on property information with market context.
Built in 2026, this flex space at 5824 New Nashville Hwy brings together 8,220 square feet of warehouse, office, and showroom area. The warehouse component covers 6,200 square feet and provides 19-foot clear height, two exterior docks, one drive-in bay, front-loading capability, and 20-foot column spacing.
Office and showroom functions occupy 2,020 square feet, creating a separate finished component within the facility. A rear concrete pad provides the ability to expand the building to 9,270 square feet. The combination of industrial handling features and finished commercial space supports multiple operational configurations within a single property.
Office and showroom functions occupy 2,020 square feet, creating a separate finished component within the facility. A rear concrete pad provides the ability to expand the building to 9,270 square feet. The combination of industrial handling features and finished commercial space supports multiple operational configurations within a single property.
Key Highlights
- 8,220 square feet completed in 2026
- 6,200‑square‑foot warehouse with 19‑foot clear height
- Two external docks and one drive‑in bay
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
$108,751
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
4.35%
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%
$2,175,020
$2.2M
Cap Rate 7%
$1,553,586
$1.6M
Cap Rate 9%
$1,208,344
$1.2M
Market Conditions
NOI Build-Up for 8,220 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
$172.6K $21.00/SF
− Vacancy
−$27.6K −$3.36/SF
EGI
$145.0K $17.64/SF
− OpEx
−$36.3K −$4.41/SF
NOI
$108.8K $13.23/SF
Area
Murfreesboro, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,175,020
Cap Rate 7%
$1,553,586
Cap Rate 9%
$1,208,344
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,751 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$1.37M
$1.20M – $1.59M
NOI $95,614 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,060 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - The facility combines warehouse, office, and showroom areas in one building.
Where is this flex space located?
The property is located at 5824 New Nashville Hwy Murfreesboro, TN.
What is the asking price?
The asking price for this property is $2,499,990.
What are key features of this property?
This property features: 8,220 square feet completed in 2026; 6,200‑square‑foot warehouse with 19‑foot clear height; Two external docks and one drive‑in bay
