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    3216 Memorial Blvd Murfreesboro, TN 37129

    Sponsored
    For Lease
    Contact for pricing
    Lot size:
    54,886 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 3216 Memorial Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,886 SF

    Unit(s) available at that property

    Space
    Size
    54,886 SF

    HighLights

    • 1.26‑acre site on Memorial Boulevard with 255' of frontage.
    • On‑site utilities available.
    • High traffic count: 24,688 VPD on Memorial Boulevard.
    • Located in Murfreesboro's highest‑income corridor, within a 5‑mile radius of over 29,000 households.
    • Strong surrounding retail presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.383713962146
    Latitude
    35.901992252897

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    FAQs

    Where is this land located?
    The property is located at 3216 Memorial Blvd Murfreesboro, TN.
    What are key features of this property?
    This property features: 1.26-acre site on Memorial Boulevard with 255' of frontage.; On-site utilities available.; High traffic count: 24,688 VPD on Memorial Boulevard.
    Request Owner's contact information
    3216 Memorial Blvd Murfreesboro, TN 37129
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    Murfreesboro, TN 37129
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    Realmo Value Estimation

    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.

    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.

    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
    3216 Memorial Blvd Murfreesboro, TN 37129
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