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

    2788 Murfreesboro Pike Antioch, TN 37013-2004

    • Drug stores
    • 10,844 SF
    • 1.22 lot acres
    OFF-MARKET
    Last Sale
    Jan 15, 2025
    $3,800,000
    Value Estimations
    $3,755,000
    Show details
    Cap Rate Potential
    2.6%
    Drug stores
    Location Intelligence
    Property ID
    US80-1005241
    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

    • CVS Photo / Digital Printer / Photo Lab
    • CVS / Beauty Supply Store / Convenience Store
    • CVS Pharmacy / Pharmacy
    • Michelle Feneck / Nurse Practitioner / Registered General Nurse
    • Kaitlyn Brooks / Nurse Practitioner

    Property Details for 2788 Murfreesboro Pike

    Year built
    1999
    Lot size
    1.22 lot acres
    Property size
    10,844 SF
    Zone code
    CS
    Property type
    Drug stores
    APN
    149-00-0-372-00
    APU
    14900037200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,065,000
      ML approach
      $5,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,549,000
      Market price range: $2.20M - $7.42M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,595,000
      Current use
      RESTAURANT
      $5,395,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,305,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,130,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6312
    Latitude
    36.0681
    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
    $48,692
    $276,360
    $1,220,000
    $1,496,360
    -
    $690,900
    $3,050,000
    $3,740,900

    Comparable in this City

    • Value Estimation
      $5,710,000
      15,510 SF

      1301 Bell Rd

      DRUG STORE, PHARMACY • 15,510 SF
      1301 Bell Rd, Antioch, TN 37013-3730
      View Details
    • Value Estimation by Request
      1.22 Acres

      2788 Murfreesboro Pike

      Individual retail properties • 10,172 SF
      2788 Murfreesboro Pike, Nashville, TN 37013
      View Details
    • Value Estimation
      $4,880,000
      16,026 SF

      2909 Murfreesboro Pike

      DRUG STORE, PHARMACY • 16,026 SF
      2909 Murfreesboro Pike, Antioch, TN 37013-2227
      View Details
    • Value Estimation by Request
      5,142 SF

      3800 Murfreesboro Pike

      GROCERY, SUPERMARKET • 5,142 SF
      3800 Murfreesboro Pike, Antioch, TN 37013-2216
      View Details
    • Value Estimation
      $1,005,000
      4,838 SF

      3500 Murfreesboro Pike

      GROCERY, SUPERMARKET • 4,838 SF
      3500 Murfreesboro Pike, Antioch, TN 37013-2210
      View Details
    • Value Estimation
      $675,000
      3,000 SF

      3769 Murfreesboro Pike

      GROCERY, SUPERMARKET • 3,000 SF
      3769 Murfreesboro Pike, Antioch, TN 37013-2213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,800 SF

      Freestanding Restaurant in Retail Corridor

      Restaurant for reuse/redevelopment in high-traffic retail area.
      923 Bell Rd, Antioch, TN 37013
      View Details
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      Prime Antioch Land - 2.16 Acres

      Exceptional development opportunity in Antioch, TN.
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      Land near Century Farms development with high traffic count.
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      Antioch City Block Development

      15.97 Acres, Prime Development Opportunity
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      80.00 Acres

      Nashville 80-Acre Development Land

      Prime residential development site in Antioch.
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    Similar Nearby for Lease

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      144,669 SF

      Shoppes at Hickory Hollow Retail Space

      Nashville Retail Space: Prime Location, Flexible Sizes
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      View Details
    • $28 SF/Yr
      31,500 SF

      Cane Ridge Rd Office Space

      Nashville Office: High Visibility, I-24
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      View Details
    • Contact for pricing
      67,200 SF

      Antioch Industrial Building For Lease

      Multi-tenant industrial building in Antioch, built in 1999.
      6050 Dana Way, Antioch, TN 37013
      View Details
    • $1,695 /Mo
      1,248 SF

      Lenox Village Condo For Rent

      Charming 2-bedroom condo in Lenox Village, Antioch, TN.
      8605 Peckham Ln, Antioch, TN 37013
      View Details
    • Contact for pricing
      142,400 SF

      HVAC Warehouse with Outdoor Storage

      142,400 SF warehouse with fenced storage and full HVAC.
      2910 Old Franklin Rd, Antioch, TN 37013
      View Details
    • $14 SF/Yr
      4,800 SF

      Antioch Office Space Available

      4,800 square feet of office space for rent.
      115 Haywood Ln, Antioch, TN 37013
      View Details
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    Antioch, TN 37013-2004
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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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