Five-Office Professional
New
For Sale
$399,900
730 Middle Tennessee Blvd, Murfreesboro, TN 37129
Includes a lobby, conference room, kitchen, restroom, and built-in storage across a practical professional layout.
Property Size1,500 SF
Price / SF$266.60
Days on Market7
Property Features for 730 Middle Tennessee Blvd
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
RE/MAX 1ST REALTY
(931) 728-5552
Listed By:
SHANELLE GRAY · License #280091
Source:
Corcoran
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 21 at 8:28AM
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 RE/MAX 1ST REALTY
Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit, built in 2005, is arranged around five private offices with a reception area, conference room, kitchen, and restroom. Interior details include carpeted office and conference spaces, built-in desks and cabinetry, closets, a walk-in closet, and an inset area suited to storage, workstations, or specialty equipment. The kitchen includes a microwave, sink, and cabinetry, while the lobby features tile flooring, glass windows, and a glass entry door.
The property is located at 730 Middle Tennessee Blvd, Murfreesboro, TN 37129, with access to I-24. Natural light enters through the lobby windows, and the restroom is positioned adjacent to the lobby for convenient circulation.
The property is located at 730 Middle Tennessee Blvd, Murfreesboro, TN 37129, with access to I-24. Natural light enters through the lobby windows, and the restroom is positioned adjacent to the lobby for convenient circulation.
Key Highlights
- 1,500 SF office unit at 730 Middle Tennessee Blvd, Murfreesboro, TN 37129
- Five private offices plus a reception area and conference room
- Kitchen with microwave, sink, and cabinetry
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
$19,845
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
4.96%
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%
$396,900
$396.9K
Cap Rate 7%
$283,500
$283.5K
Cap Rate 9%
$220,500
$220.5K
Market Conditions
NOI Build-Up for 1,500 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
$31.5K $21.00/SF
− Vacancy
−$5.0K −$3.36/SF
EGI
$26.5K $17.64/SF
− OpEx
−$6.6K −$4.41/SF
NOI
$19.8K $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%
$396,900
Cap Rate 7%
$283,500
Cap Rate 9%
$220,500
Alternative Uses
Best Use
Office B
$283.5K
$248.1K – $330.8K
NOI $19,845 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Includes a lobby, conference room, kitchen, restroom, and built-in storage across a practical professional layout.
Where is this office units located?
The property is located at 730 Middle Tennessee Blvd Murfreesboro, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,500 SF office unit at 730 Middle Tennessee Blvd, Murfreesboro, TN 37129; Five private offices plus a reception area and conference room; Kitchen with microwave, sink, and cabinetry
