Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial and Office Flex Property Title is generated by Realmo AI

    601 River Rock Blvd Bldg 2, Murfreesboro, TN 37128

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Includes brick office/retail buildings, a warehouse with office, and an outdoor pickleball facility on direct drive access.

    Type:Retail, Industrial, Mixed Use
    Property size:
    45,363 SF
    Lot size:
    8.00 Acres
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:49 am

    Property Features for 601 River Rock Blvd Bldg 2

    General Information

    Standard status
    Active
    Size
    45,363 SF
    Lot size
    8.00 Acres
    Property subtype
    Retail, Industrial, Mixed Use

    We can help!

    Listing Contact
    Paul Smith

    Listing agent Paul Smith License #TN 315360

    Listing office Keller Williams Realty - Murfreesboro

    Listing date May 27, 2026

    Source Crexi

    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 Keller Williams Realty - Murfreesboro

    HighLights

    • Approximately 8‑acre former Racquet Club site with direct access to Tommy Bragg Drive for connectivity to Costco and New Salem Highway
    • Two newly constructed brick office/retail buildings on‑site
    • Large warehouse with integrated office space
    • Active outdoor pickleball facility providing income‑generating recreation amenity
    • Vacant, road‑front parcel included for future development or pad‑ready expansion
    • More than 300 feet of frontage along the Stones River at the rear of the site

    Overview

    This mixed-use flex/industrial property on approximately 8 acres includes two newly constructed brick office/retail buildings and a large warehouse with integrated office space. The site also features an active outdoor pickleball facility, creating an additional revenue-generating amenity alongside the built improvements. In addition, there is a vacant, road-front parcel that can support future development or pad-ready expansion.

    The property provides direct access to Tommy Bragg Drive via a newly completed connector. It also includes over 300 feet of frontage along the Stones River at the rear of the site, offering a notable outdoor setting for potential enhancements or tenant experience.

    For tenants and operators, the combination of warehouse space with built-in office support, plus dedicated brick office/retail buildings, can accommodate a range of commercial needs. For buyers, the asset mix spans multiple property types on one site, with active operations already in place and an additional road-front parcel that may support future development or expansion within the existing site plan.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.43174
    Latitude
    35.838898

    Nearby Similar for Sale

    • $1,000,000
      5,626 SF

      Multi-Use Property Near Downtown

      Versatile commercial property suitable for office, medical, or institutional use.
      507 N University St, Murfreesboro, TN 37130
      View Details
    • $15,000,000
      38,274 SF

      Murfreesboro Mixed-Use Investment Opportunity

      Mixed-use property with income potential and future development opportunities.
      601 River Rock Blvd, Murfreesboro, TN 37128
      View Details
    • $4,350,000
      12,000 SF

      Mixed-Use Investment Opportunity

      Multiple buildings with tenants and leases in Murfreesboro, TN.
      1635 Middle Tennessee Blvd, Murfreesboro, TN 37130
      View Details
    • $1,400,000
      7,200 SF

      Murfreesboro Commercial Building in CBD

      7,200 sqft commercial building in Murfreesboro's historic courthouse square.
      118 Walnut N Street, Murfreesboro, TN 37130
      View Details
    • $1,200,000
      3,450 SF

      Murfreesboro Office Building For Sale

      3,450 SF office building in the heart of Murfreesboro.
      725 S Church St, Murfreesboro, TN
      View Details
    • $1,200,000
      3,450 SF

      Murfreesboro Office Building For Sale

      3,450 SF office building in the heart of Murfreesboro.
      725 S Church Street, Murfreesboro, TN 37130
      View Details
    • $7,425,000
      5,703 SF

      Highway Retail Property in Murfreesboro

      New NNN lease property near Interstate 24 entrance.
      1509 Joe B Jackson Pkwy, Murfreesboro, TN
      View Details
    • Contact for pricing
      9,167 SF

      Retail Center Near The Avenue

      9,167 SF retail center with strong national tenant lineup.
      2711 Medical Center Pkwy, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      3,439 SF

      PNC Bank NNN Investment

      NNN leased PNC Bank in Murfreesboro, Tennessee.
      2782 S. Church Street, Murfreesboro, TN 37127
      View Details
    • $3,195,000
      10,900 SF

      Remodeled Retail Property on Broad

      High-traffic retail property with showroom, offices, and warehouse space.
      2204 NW Broad St, Murfreesboro, TN 37129
      View Details
    • $1,525,000
      3,500 SF

      Medical/Dental Office with Apartment

      Medical/dental office with upstairs apartment and expansion potential.
      117 Sulphur Springs Rd, MURFREESBORO, TN, 37129-2117
      View Details
    • $500,000
      11,222 SF

      Turnkey Daycare Business Opportunity

      Two fully-equipped daycare facilities for sale as a turnkey operation.
      3455 Oval Hesson Lane, Murfreesboro, TN 37128
      View Details

    FAQs

    What type of property is this?
    Flex space - Includes brick office/retail buildings, a warehouse with office, and an outdoor pickleball facility on direct drive access.
    Where is this flex space located?
    The property is located at 601 River Rock Blvd Bldg 2 Murfreesboro, TN.
    What are key features of this property?
    This property features: Approximately 8‑acre former Racquet Club site with direct access to Tommy Bragg Drive for connectivity to Costco and New Salem Highway; Two newly constructed brick office/retail buildings on‑site; Large warehouse with integrated office space
    (615) 895-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Smith
    Real Estate License ID: TN 315360
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601 River Rock Blvd Bldg 2, Murfreesboro, TN 37128
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!