Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Development Ground Lease Title is generated by Realmo AI

    1161 Murfreesboro Pike, Nashville, TN 37217

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    High-traffic Nashville location ideal for retail development.

    Type:Retail, Land
    Lot size:
    1.00 Acre
    Added:
    Nov 26, 2024
    Days on Market:
    552
    Last Refresh:
    May 11 at 10:31 pm

    Property Features for 1161 Murfreesboro Pike

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Retail, Land

    Spaces For Lease

    at 1161 Murfreesboro Pike Contact us

    $20/Mo

    Size
    Type
    Retail, Land
    Contact us

    We can help!

    Listing Contact
    Katie Wayne

    Listing agent Katie Wayne License #327073

    Listing office Clearbrook Realty

    Listing date Nov 26, 2024

    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 Clearbrook Realty

    HighLights

    • Prime 1‑acre retail development site on Murfreesboro Pike.
    • High visibility location with over 23,723 vehicles passing daily.
    • Located in a rapidly growing commercial corridor with dense residential neighborhoods.
    • Suitable for drive‑thru, QSR, or parking‑intensive retail concepts.
    • Easily accessible with proximity to major intersections and public transit.
    • Nashville's pro‑business environment attracts significant development and investment.

    Overview

    This approximately 1-acre parcel, located on the left side of 1161 Murfreesboro Pike in Nashville, TN, is available for ground lease development. The site is ideally suited for retail use and can accommodate various concepts, including drive-thru, quick-service restaurants (QSR), or parking-intensive operations. The location on Murfreesboro Pike, a major thoroughfare, ensures high visibility and significant daily traffic, with over 23,723 vehicles passing daily, according to TDOT traffic maps. The property is situated within a thriving commercial corridor surrounded by dense residential neighborhoods and strong daytime population drivers. Potential layouts include drive-thru configurations or optimized parking plans. The site is easily accessible from Murfreesboro Pike, with proximity to major intersections, public transit, and a strong mix of national and regional tenants in the surrounding area. Nashville continues to attract significant development and investment, bolstered by a robust economy and rising consumer demand, making this an unparalleled opportunity to establish a retail footprint in a premier location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Massage Institute ... Alternative Medicine Practice Accelerated Learning Center Vocational School Harmony Insurance Agency Financial Advisor Nats Inc High School Law Office of Melissa ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.706984
    Latitude
    36.12286

    Nearby Similar for Lease

    • Sponsored
      $129-$6,876/Mo
      11-1,292 SF

      TN, Nashville - 500 Church Street

      500 Church Street Aly, Unit 3RD, Nashville, TN 37219
      View Details
    • $129-$15,183/Mo
      11-1,460 SF

      TN, Nashville - 1 Music Circle

      1 Music Cir, Unit 400, Nashville, TN 37203
      View Details
    • $129-$3,427/Mo
      11-1,292 SF

      TN, Nashville - 315 Deaderick

      315 Deaderick St, Unit 17TH, Nashville, TN 37238
      View Details
    • $129-$24,343/Mo
      11-1,556 SF

      Spaces Riverfront Park

      222 2Nd Ave, Nashville, TN 37201
      View Details
    • $129-$6,026/Mo
      11-1,292 SF

      Highland Ridge II

      555 Marriott Dr, Unit 315, Nashville, TN 37214
      View Details
    • $129-$5,306/Mo
      11-1,292 SF

      American Center

      3102 End Ave, Unit 400, Nashville, TN 37203
      View Details
    • $129-$4,442/Mo
      11-1,292 SF

      Burton Hills

      40 Burton Hills Blvd, Unit 200, Nashville, TN 37215
      View Details
    • $129-$4,566/Mo
      11-1,292 SF

      West End

      3200 End Ave, Unit 500, Nashville, TN 37203
      View Details
    • $42 SF/Yr
      1,031 SF

      Retail Space in East Nashville

      Corner retail space with high visibility in a walkable community.
      18 McFerrin Ave, Nashville, TN 37206
      View Details
    • $35 SF/Yr
      3,000 SF

      East Nashville Flexible Retail Space

      3,000+ SF space in East Nashville's vibrant community.
      1531 Jones Avenue, Nashville, TN 37207
      View Details
    • $29 SF/Yr
      5,000 SF

      Nashville Midtown Office Space Available

      5,000 SF office space for lease in Nashville's Midtown.
      2909 Poston Avenue, Nashville, TN 37203
      View Details
    • $30 SF/Yr
      1,072 SF

      Office Building in Melrose Area

      Office building in the 8th Avenue South/Melrose area.
      700 Craighead Street, Nashville, Tennessee 37204
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic Nashville location ideal for retail development.
    Where is this commercial land located?
    The property is located at 1161 Murfreesboro Pike Nashville, TN.
    What is the lease rate?
    The lease rate is $246 SF/Yr.
    What are key features of this property?
    This property features: Prime 1‑acre retail development site on Murfreesboro Pike.; High visibility location with over 23,723 vehicles passing daily.; Located in a rapidly growing commercial corridor with dense residential neighborhoods.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Katie Wayne
    Real Estate License ID: 327073
    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
    1161 Murfreesboro Pike, Nashville, TN 37217
    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!