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    Property profile & analytics

    3435 Memorial Blvd Murfreesboro, TN 37129

    • Commercial real estate
    • 3.20 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0394579
    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

    • Commercial real estate

    Property Details for 3435 Memorial Blvd

    Lot size
    3.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.2-acre commercial land parcel, located at 3435 & 3437 Memorial Boulevard in Murfreesboro, Tennessee, presents a unique investment opportunity. Situated in Rutherford County, zip code 37129, this property boasts a highly desirable Commercial Highway zoning designation, allowing for a wide range of commercial development possibilities. The land is priced at $14.50 per square foot, offering significant potential for return. All utilities are readily available, simplifying the development process. The seller is willing to divide the property, providing flexibility for various project sizes and investor needs. This prime location offers unparalleled visibility and accessibility, situated next to a Publix supermarket and directly across from the Veterans Hospital. The high traffic count of approximately 15,291 vehicles provides exceptional exposure for any commercial venture. This strategic location, combined with the favorable zoning and the seller's willingness to divide the land, makes this an exceptional opportunity for developers and investors seeking a high-impact commercial property in a thriving Tennessee market. The property's coordinates are 35.9138639 latitude and -86.3857587 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3857587
    Latitude
    35.9138639

    Comparable in this City

    • $5,500,000
      4,962 SF

      Prime Land in Murfreesboro

      10.55-acre property with high visibility and development potential.
      4331 Lebanon Rd, Murfreesboro, TN 37129
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    • $1,295,000

      Corner Commercial Land For Sale

      Commercial land in area with significant ongoing development.
      8047 Old Nashville Hwy, Murfreesboro, TN 37129
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    • $2,750,000
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      Murfreesboro Commercial Land - 5.4 Acres

      Prime Commercial Land Near Nashville Speedway
      110 Coulter Ct, Murfreesboro, TN 37129
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    • $1,900,000
      2.92 Acres

      Murfreesboro Mixed-Use Land Investment

      Prime 2.92-acre commercial lot, ideal for development.
      1620 Williams Dr, Murfreesboro, TN 37129
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    • $560,000

      Move-In Ready Home on Acreage

      Home on 6+ acres, build your dream home!
      6031 Buckeye Valley Rd, Murfreesboro, TN 37129
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      Commercial Outparcels at River Landing

      Commercial/Retail outparcels available in growing Murfreesboro, TN.
      4923 NW Broad St, Murfreesboro, TN 37129
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    Similar Nearby for Sale

    • $5,500,000
      4,962 SF

      Prime Land in Murfreesboro

      10.55-acre property with high visibility and development potential.
      4331 Lebanon Rd, Murfreesboro, TN 37129
      View Details
    • $1,295,000

      Corner Commercial Land For Sale

      Commercial land in area with significant ongoing development.
      8047 Old Nashville Hwy, Murfreesboro, TN 37129
      View Details
    • $2,750,000
      5.40 Acres

      Murfreesboro Commercial Land - 5.4 Acres

      Prime Commercial Land Near Nashville Speedway
      110 Coulter Ct, Murfreesboro, TN 37129
      View Details
    • $1,900,000
      2.92 Acres

      Murfreesboro Mixed-Use Land Investment

      Prime 2.92-acre commercial lot, ideal for development.
      1620 Williams Dr, Murfreesboro, TN 37129
      View Details
    • $560,000

      Move-In Ready Home on Acreage

      Home on 6+ acres, build your dream home!
      6031 Buckeye Valley Rd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Commercial Land at Signalized Corner

      Level, visible commercial land with utilities on a signalized corner.
      E Northfield Blvd, Murfreesboro, TN 37129
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pad-Ready Site Near Shopping Mall

      3.02-acre site with access to shopping and medical facilities.
      1823 Medical Center Pkwy, Murfreesboro, TN 37129
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    • Contact for pricing
      54,886 SF

      3216 Memorial Blvd

      Land • 1.26 Acres
      3216 Memorial Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Murfreesboro Duplex with Three Bedrooms

      Charming 3-bedroom, 1-bath duplex in a convenient Murfreesboro location.
      1813 Battleground Dr, Murfreesboro, TN 37129
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    • Contact for pricing
      3,500 SF

      Industrial Space in Murfreesboro, TN

      3,500 SF industrial property available for lease.
      308 W Castle St, Murfreesboro, TN 37129
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      Retail Space Near VA Hospital

      Retail space in growing Murfreesboro, near Nashville and major employers.
      3411-3419 Memorial Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      607,886 SF

      Stones River Town Centre Retail Space

      Prime Murfreesboro retail & office space available.
      1720 Old Fort Pkwy, Murfreesboro, TN 37129
      View Details
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    Murfreesboro, TN 37129
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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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