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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    271 Robert Rose Dr Murfreesboro, TN 37129-6457

    • Office buildings
    • 10,766 SF
    • 1.52 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    $2,400,000
    Value Estimations
    $2,315,000
    Show details
    Cap Rate Potential
    6.9%
    Office buildings
    Location Intelligence
    Property ID
    US80-3207125
    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.

    Current Use by Public Records

    • Jessica King Benchmark Realty / Real Estate Agent
    • Emily Sanchez, Realtor -Benchmark Realty LLC / Real Estate Agent / Real Estate Agency
    • Team Crabtree Homes of Benchmark Realty, LLC / Real Estate Agent
    • Michael Osborne Real Estate at Benchmark Realty / Real Estate Agency
    • Gerald Hill; Broker, MRP, PSA, REALTOR at Benchmark Realty / Real Estate Agency / Real Estate Agent

    Property Details for 271 Robert Rose Dr

    Year built
    2000
    Construction
    FRAME
    Lot size
    1.52 lot acres
    Property size
    10,766 SF
    Zone code
    CH
    Property type
    Office buildings
    APN
    092-019.01-000
    APU
    9201901000

    Description

    This exceptional 975-square-foot office suite, located on Robert Rose Drive in Murfreesboro, offers a unique opportunity for a discerning business. Situated on the first floor of a Class B, two-story building constructed in 2000, this single-tenant space boasts a private executive office, open workspace areas, and a recently constructed dedicated restroom. Enjoy the convenience of a direct exterior entrance from the sidewalk, eliminating the need for shared common areas. The suite also includes prominent signage rights on both the building's monument sign and a panel on the development's main sign along Robert Rose Drive, ensuring high visibility and brand recognition. The building features ample parking with 44 spaces available for tenants and visitors. While the building does not have elevators, the first-floor location provides easy accessibility. The total building size is 5,847 square feet, with this suite representing the entire available space. Property taxes are $2.42 per square foot. The remaining space in the building is fully leased, indicating a strong demand in this desirable location within Rutherford County. This is a rare opportunity to secure a well-appointed, highly visible office space in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,210,000
      ML approach
      $2,230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,530,000
      6.5%
      $2,335,000
      7%
      $2,170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,576,000
      Market price range: $1.30M - $2.58M
      AI Estimate
      $2,231,000
      Market price range: $611k - $2.23M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,790,000
      Current use
      COMMERCIAL (GENERAL)
      $3,285,000
      Change: +83% Conversion: Easy
      RETAIL STORES
      $2,225,000
      Change: +24% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,215,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $2,005,000
      Change: +12% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,930,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4258
    Latitude
    35.8507
    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
    $26,801
    $452,800
    $494,640
    $947,440
    -
    $1,132,000
    $1,236,600
    $2,368,600

    Comparable in this City

    • Value Estimation
      $330,000
      2,030 SF

      1703 1st Pl Ste A

      OFFICE BUILDING • 2,030 SF
      1703 1st Pl Ste A, Murfreesboro, TN 37129-1543
      View Details
    • Value Estimation
      $250,000
      1,200 SF

      209 Castlewood Dr Ste A

      OFFICE BUILDING • 1,200 SF
      209 Castlewood Dr Ste A, Murfreesboro, TN 37129-5163
      View Details
    • Value Estimation
      $250,000
      1,200 SF

      215 Castlewood Dr Ste D

      OFFICE BUILDING • 1,200 SF
      215 Castlewood Dr Ste D, Murfreesboro, TN 37129-5164
      View Details
    • Value Estimation
      $240,000
      1,012 SF

      151 Heritage Park Dr Ste, Unit 101

      OFFICE BUILDING • 1,012 SF
      151 Heritage Park Dr Ste, Murfreesboro, TN 37129-0505
      View Details
    • Value Estimation
      $235,000
      1,204 SF

      151 Heritage Park Dr Ste, Unit 203

      OFFICE BUILDING • 1,204 SF
      151 Heritage Park Dr Ste, Murfreesboro, TN 37129-0505
      View Details
    • Value Estimation
      $270,000
      1,250 SF

      1833 Memorial Blvd

      OFFICE BUILDING • 1,250 SF
      1833 Memorial Blvd, Murfreesboro, TN 37129-1522
      View Details

    Similar Nearby for Sale

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      Medical/Dental Office with Apartment

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      Murfreesboro, TN: Prime Mixed-Use Lots
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      Land For Sale

      Land available for sale in Murfreesboro, Tennessee.
      640 Robert Rose Dr, Murfreesboro, TN 37129
      View Details

    Similar Nearby for Lease

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      Prime Murfreesboro retail & office space available.
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      54,886 SF

      3216 Memorial Blvd

      Land • 1.26 Acres
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      Murfreesboro Duplex for Rent

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    Murfreesboro, TN 37129-6457
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    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
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