Property profile

2503 Old Ft Pkwy Murfreesboro, TN 37128

OFF-MARKET
Retail space
Property ID
US80-0573056
6,825 SF 0.95 ac lot Built 1999
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an approximately 0.8-acre outparcel positioned with signalized access to Old Fort Parkway (average daily traffic count reported as 24,062 vehicles). It also has left-in/left-out access to Cason Lane (average daily traffic count reported as 13,583 vehicles). The outparcel is anchored by Kohl’s and is adjacent to a Kroger location. It is located about 0.41 miles from Interstate 24, which has an average daily traffic count reported as 126,590 vehicles per day.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction FRAME
Total area 6,825 SF
Lot 0.95 ac (41,338 SF)
Zoning code CH
APN 092N-A-007.03-000
UPID US80-0573056

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
  • Auto Parts Store

Location

2503 Old Ft Pkwy Murfreesboro, TN 37128-4159
Murfreesboro metro Census 40908 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$855k

Owner & transaction history

since 2010
1 recorded transaction
2010
$1.1M

Zoning & alternative use

CH · Murfreesboro, TN
Zoning description

CH, HIGHWAY COMMERCIAL DISTRICT. This district is intended to permit the development and continued maintenance of general commercial uses located in a linear fashion along highways and near transportation facilities and…

General category INDUSTRIAL
Top alternative use upside
Medical building $1.3M +2.7%

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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