1433 Warrior Dr Murfreesboro, TN 37128
- Strip malls
- 13,985 SF
- 2.23 lot acres
Current Use by Public Records
- hamza the barber / Barber Shop
- Premier Nail Spa / Nail Salon
- Vape Guru Smoke Shop CIGAR, CBD, KRATOM, VAPE / Tobacco Shop / Cigar Shop
- Warrior Wine & Spirits / Liquor Store
- The Crown Hair Studio / Barber Shop
Property Details for 1433 Warrior Dr
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 2.23 lot acres
- Property size
- 13,985 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 102-055.00-000
- APU
- 10205500000
Description
This exceptional 13,996 square foot retail center in Murfreesboro, Tennessee, is offered at $5,950,000. The property boasts a strong tenant mix within a fully leased building, presenting a compelling investment opportunity. Located at 1433 Warrior Drive, this commercially zoned property benefits from a convenient location right off I-24/New Salem Highway at Exit 80, ensuring high visibility and accessibility. The building includes a drive-thru, enhancing its operational capabilities and appeal to a wide range of businesses. The current Net Operating Income (NOI) supports a 6% capitalization rate. With a price per square foot of $425.12, this property represents a solid investment in a thriving market. The property is situated in Rutherford County, within a 5-mile radius of a population of 154,245, guaranteeing a substantial customer base. This single-building retail center, categorized as both a restaurant and shopping center, offers a diverse and stable income stream. The property's prime location and strong tenant occupancy make it an attractive option for investors seeking a high-return, low-risk investment in a rapidly growing area. The zoning is commercial, allowing for flexibility and future development potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,035,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,030,000
- 6.5%
- $3,085,000
- 7%
- $3,345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,450,000
- Geo Method
- $2,685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,510,000
- Retail
- $3,315,000
- Mixed-Use
- $3,670,000
- Hospitality
- $2,820,000
- Educational
- $2,835,000
- Residential Income
- $3,440,000
- Energy
- $2,975,000
- Income-Based Land
- $3,155,000
- Food Service
- $2,970,000
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4148
- Latitude
- 35.8236
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
