124 John R Rice Blvd Murfreesboro, TN 37129-4154
Property profile & analytics
124 John R Rice Blvd Murfreesboro, TN 37129-4154
- Warehouses
- 125,472 SF
- 2.70 lot acres
Property ID
US80-2990993
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- U-Haul Neighborhood Dealer / Car Rental Facility
- W. STONEWALL MUSIC GROUP / Music Venue
- Red Carpet Self Storage / Storage Facility
Property Details for 124 John R Rice Blvd
- Year built
- 2018
- Construction
- FRAME
- Lot size
- 2.70 lot acres
- Property size
- 125,472 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 092-031.02-000
- APU
- 9203102000
Description
This stabilized self-storage facility, located at 124 John R Rice Blvd, Murfreesboro, TN 37129, boasts 99,624 square feet of rentable space across 814 units. Currently operating at 82.9% occupancy (as of August 31, 2024), this property sits on a 2.7-acre lot within the Nashville MSA. The facility's strategic location near residential areas, businesses, and major highways ensures consistent demand. A diverse range of unit sizes caters to individual, family, and business needs, further enhanced by climate-controlled options. Modern amenities include well-lit premises, keypad entry, 24-hour video surveillance, delivery acceptance, free moving carts, and a business center featuring a conference room, work stations, coffee bar, and Wi-Fi. The strong market demand is fueled by Murfreesboro's population growth and economic development, with 3,539 future residential units planned within a 5-mile radius. The average household income within a 5-mile radius is $98,945, indicating a strong potential customer base. This combination of prime location, diverse offerings, modern amenities, and robust security measures positions this property for consistent returns and long-term value. The property offers a compelling investment opportunity due to the growing need for storage solutions in this rapidly expanding market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $17,155,000
- 6.5%
- $15,835,000
- 7%
- $14,705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $21,659,000
Market price range: $6.05M - $24.7M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $15,370,000 Current use
- RETAIL STORES
- $25,940,000 Change: +69% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $25,805,000 Change: +68% Conversion: Moderate
- MEDICAL BUILDING
- $23,360,000 Change: +52% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $22,475,000 Change: +46% Conversion: Easy
- OFFICE BUILDING
- $20,875,000 Change: +36% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4394
- Latitude
- 35.8488
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$131,144
$926,240
$3,709,800
$4,636,040
-
$2,315,600
$9,274,500
$11,590,100
