Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2533 General Mls Way Murfreesboro, TN 37127-3000
    Back to Search
    Property profile & analytics

    2533 General Mls Way Murfreesboro, TN 37127-3000

    View on Map
    • Manufacturing properties
    • 582,592 SF
    • 35.61 lot acres
    Off-Market
    Property ID
    US80-1943218
    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.
    Value Estimations
    $3,665,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2533 General Mls Way

    Year built
    1977
    Lot size
    35.61 lot acres
    Property size
    582,592 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    113-020.03-000
    APU
    11302003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3918
    Latitude
    35.8022
    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
    $180,686
    $1,230,600
    $5,156,800
    $6,387,400
    -
    $3,076,500
    $12,892,000
    $15,968,500

    Comparable in this City

    • Value Estimation by Request
      53,000 SF

      1836 Joe B Jackson Pkwy

      Manufacturing properties • 53,000 SF
      1836 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    • Value Estimation
      $12,645,000
      108,264 SF

      1975 Joe B Jackson Pkwy

      MANUFACTURING (LIGHT) • 108,264 SF
      1975 Joe B Jackson Pkwy, Murfreesboro, TN 37127-7779
      View Details
    • Value Estimation by Request
      4,056 SF

      4420 Cedar Grv Rd

      MANUFACTURING (LIGHT) • 4,056 SF
      4420 Cedar Grv Rd, Murfreesboro, TN 37127-7862
      View Details
    • Value Estimation
      $10,005,000
      479,592 SF

      906 Butler Dr

      MANUFACTURING (LIGHT) • 479,592 SF
      906 Butler Dr, Murfreesboro, TN 37127-6101
      View Details
    • Value Estimation
      $3,590,000
      172,096 SF

      3202 Elam Farms Pkwy

      MANUFACTURING (LIGHT) • 172,096 SF
      3202 Elam Farms Pkwy, Murfreesboro, TN 37127-7786
      View Details
    • Value Estimation by Request
      546 SF

      Joe B Jackson Pkwy

      MANUFACTURING (LIGHT) • 546 SF
      Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details

    Similar Nearby for Sale

    • $2,200,000
      17,000 SF

      Commercial Land with Permits

      3-acre commercial land with permits for dealership/warehouse.
      4372 Shelbyville Hwy, Murfreesboro, TN 37127
      View Details
    • $2,250,000

      6.56 Acre Commercial Tract

      Commercial land with high-traffic exposure, ideal for various business uses.
      3960 Shelbyville Hwy, Murfreesboro, TN 37127
      View Details
    • $3,045,000

      7 Acres Zoned Heavy Industrial

      7 acres of heavy industrial land backing up to I-24.
      1836 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      5,703 SF

      Highway Retail Property in Murfreesboro

      New NNN lease property near Interstate 24 entrance.
      1509 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      3,439 SF

      PNC Bank NNN Investment

      NNN leased PNC Bank in Murfreesboro, Tennessee.
      2782 S Church St, Murfreesboro, TN 37127
      View Details
    • $3,200,000
      2,503 SF

      Prime Murfreesboro Commercial Land

      5.5-acre corner lot, high traffic, commercial potential.
      3648 Shelbyville Hwy, Murfreesboro, TN 37127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Murfreesboro Warehouse Space Available

      9,013 SF warehouse space for lease in Murfreesboro.
      2347-2349 Handley St, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      378,560 SF

      Murfreesboro Warehouse Space Available

      378,560 SF warehouse with ample parking in Murfreesboro.
      1703 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      369,972 SF

      Murfreesboro Warehouse Space Available

      Large industrial warehouse space available for lease in Murfreesboro.
      2011 Butler Dr, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      125,175 SF

      Murfreesboro Warehouse Space Available

      200,755 square foot warehouse space for lease in Murfreesboro.
      606 Butler Dr, Murfreesboro, TN 37127
      View Details
    • Contact for pricing

      Future Paved Parking and Storage

      11.20 acres for trailer storage, completion Q2 2024.
      2917 Elam Rd, Murfreesboro, TN 37127
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,065 to 1,935 SqFt.
      1536 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2533 General Mls Way
    Murfreesboro, TN 37127-3000
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2533 General Mls Way, Murfreesboro, TN, 37127
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!