Property profile

1115 Dow St Murfreesboro, TN 37130

FOR SALE
Medical Office Space
Property ID
US80-3310302
12,425 SF 1.5 ac lot Built 1987
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,814 square foot medical office building, located at 1115 Dow St in Murfreesboro, Tennessee, presents a compelling investment opportunity. The single-story structure, built in 1987, is currently occupied by two tenants and generates a substantial net operating income (NOI) of $350,144. Situated within Murfreesboro's thriving medical district in Rutherford County, this property benefits from excellent visibility and accessibility. The building's 12,814 square feet offer ample space for medical practices or related businesses. The asking price for this well-maintained property is $6,500,000. This represents a strong return on investment in a desirable and growing market. The property's strategic location within the medical district ensures continued high demand and potential for future appreciation. Detailed financial statements are available upon request. This is a rare opportunity to acquire a stable, income-producing asset in a prime medical market. Don't miss out on this chance to own a piece of Murfreesboro's thriving healthcare sector. Contact us today to schedule a showing.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Construction FRAME
Total area 12,425 SF
Lot 1.5 ac (65,340 SF)
Zoning code CM-R
APN 091D-F-038.22-000
UPID US80-3310302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Medical Clinic
  • Physician

Location

1115 Dow St Murfreesboro, TN 37130
Murfreesboro metro Census 41601 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.33M
Comparable Approach Comparable
$2.61M
Blend (final) Blend
$2.22M

Owner & transaction history

since 2008
4 recorded transactions
2010
Price N/A
2008
Price N/A
2008
$1.1M
1969
Price N/A

Zoning & alternative use

CM-R · Murfreesboro, TN
Zoning description

CM-R, MEDICAL DISTRICT RESIDENTIAL. The purpose of this district is provide a zoning category devoted primarily to health-related uses. This district is designed to permit the development, expansion and modernization of…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $3.3M +41.6%
Auto repair, garage $3.0M +29.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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