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Property profile & analytics
OFF-MARKET Estimated value $13,930,000
Office buildings

1225 Garrison Dr Murfreesboro, TN 37129-2571

62,280 SF 9.96 ac lot Built 2016
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-2936509
Property summary
AI-generated overview

This exceptional Class A office space, totaling 2,523 square feet, is situated within a 22,671 square foot building on a 9.9-acre campus in Murfreesboro, Tennessee. The suite is located on the second floor and is part of a multi-tenant building. The property boasts 306 parking spaces and features an on-site backup generator, ensuring business continuity. This location offers unparalleled convenience, being within a block of Ascension-St. Thomas Hospital, TrustPoint Hospital, Murfreesboro Medical Clinic, and Vanderbilt Pediatric Clinic. Its strategic placement in Murfreesboro's Gateway Office/Medical Corridor provides easy access to I-24 Exit 76/Medical Center Parkway. The space is currently vacant and ready for immediate occupancy. Major tenants in the building include Pinnacle Financial and Kasai. The asking price is $29.50 per square foot, NNN. The minimum divisible space is 2,523 square feet, and the maximum contiguous space available is also 2,523 square feet. A total of 10,671 square feet is currently vacant within the building. The property's address is 1225 Garrison Drive, Murfreesboro, TN 37129.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2016
Total area 62,280 SF
Lot 9.96 ac (433,858 SF)
APN 079-065.02-000
UPID US80-2936509
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kasai North America, Inc. Headquarters Corporate Office
  • Turner Victory Team at Onward Real Estate in Murfreesboro Real Estate Agency
  • Lisa Doxey, Realtor ONWARD Real Estate Real Estate Agency
  • Jackie Hogencamp, Onward Real Estate + Element Building Group Real Estate Agency
  • Jonathan Dodson, Onward Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.53M
CAP Approach CAP
$13.52M
Comparable Approach Comparable
$14.91M
Blend (final) Blend
$13.93M
Owner & transaction history
Highace Capital LLC · 3 yrs held
Highace Capital LLC
since 2022
Last sale
$13.7M
1 recorded transaction
2022
$13.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $19.0M +83.3%
Retail stores $12.9M +24.3%
Neighborhood: shopping center $12.8M +23.6%
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