Flex Industrial Warehouse with
875 W College St Murfreesboro, TN 37129
For Sale
$675,000
Corner-lot flex industrial property with private offices, restrooms, break area, and a fenced layout.
Property Size1,800 SF
Price / SF$375
Days on Market87
Property Features for 875 W College St
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency:
COMPASS
(615) 896-4040
Listed By:
BRENT LONG
Source:
Corcoran
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 9:53AM
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 COMPASS
Investment Insights
Based on property information with market context.
This flex industrial warehouse includes three private offices, two bathrooms, a dedicated collaboration work area, and a break room for day-to-day operations. The fenced layout supports secure use, and the property provides ample on-site parking. Additional warehouse storage on the premises adds flexibility for business needs.
Located on a corner lot with exposure from Medical Center Parkway, the property offers direct access and visibility to support commercial activity in Murfreesboro.
The site is zoned Heavy Industrial, aligning with heavy industrial uses.
Located on a corner lot with exposure from Medical Center Parkway, the property offers direct access and visibility to support commercial activity in Murfreesboro.
The site is zoned Heavy Industrial, aligning with heavy industrial uses.
Key Highlights
- Corner‑lot flex industrial/commercial property on Medical Center Parkway with access and exposure
- Built in 1970
- Interior includes three private offices, two bathrooms, a dedicated collaboration work area, and a break room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $21.00 |
| − Vacancy | −$6.0k | −$3.36 |
| EGI | $31.8k | $17.64 |
| − OpEx | −$7.9k | −$4.41 |
| NOI | $23.8k | $13.23 |
1,800 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$340.2K
$297.7K – $396.9K
NOI $23,814 @ 7.0% cap · market cap 3.53%
Second Best
Warehouse
$240.5K
$210.4K – $280.5K
NOI $16,832 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fessler Home Improvement ...
Roofing Company
GH Custom Homes
General Contractor
Frontline Remediation
Hardware & Home Improvement
Similar Off Market Nearby
- Silver Spoon Events & Catering — 906 Ridgely Rd, Murfreesboro, TN 37129
- The Three Mothers Cuisine & Bakery — 1002 Memorial Blvd, Murfreesboro, TN 37129
- Blue Coast Burrito — 1122 Memorial Blvd, Murfreesboro, TN 37129
FAQs
What type of property is this?
Flex space - Corner-lot flex industrial property with private offices, restrooms, break area, and a fenced layout.
Where is this flex space located?
The property is located at 875 W College St Murfreesboro, TN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Corner‑lot flex industrial/commercial property on Medical Center Parkway with access and exposure; Built in 1970; Interior includes three private offices, two bathrooms, a dedicated collaboration work area, and a break room
