Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5183 Murfreesboro Rd La Vergne, TN 37086-2713

    • Grocery and convenience stores
    • 4,100 SF
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0785157
    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

    • Mobil / Gas Station
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Circle K / Grocery & Convenience Store
    • ATM Kangaroo Express 3613 / Bank / Bank Or Atm

    Property Details for 5183 Murfreesboro Rd

    Year built
    1996
    Lot size
    1.33 lot acres
    Property size
    4,100 SF
    Zone code
    C-4
    Property type
    Grocery and convenience stores
    APN
    015-002.03-000
    APU
    1500203000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,525,000
      7%
      $1,415,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $690,000
      Current use
      COMMERCIAL (GENERAL)
      $1,235,000
      Change: +79% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,105,000
      Change: +60% Conversion: Difficult
      MEDICAL BUILDING
      $840,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $745,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $685,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $675,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5726
    Latitude
    36.0198
    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
    $17,530
    $436,600
    $290,040
    $726,640
    -
    $1,091,500
    $725,100
    $1,816,600

    Comparable in this City

    • Value Estimation
      $1,175,000
      3,457 SF

      5428th Murfreesboro Rdd

      GROCERY, SUPERMARKET • 3,457 SF
      5428th Murfreesboro Rdd, La Vergne, TN 37086-2710
      View Details
    • Value Estimation
      $4,005,000
      4,608 SF

      5540 Murfreesboro Rd

      CONVENIENCE STORE • 4,608 SF
      5540 Murfreesboro Rd, La Vergne, TN 37086-2718
      View Details
    • Value Estimation
      $8,400,000
      57,053 SF

      5125 Murfreesboro Rd, Unit 5163

      GROCERY, SUPERMARKET • 57,053 SF
      5125 Murfreesboro Rd, La Vergne, TN 37086-2713
      View Details
    • Value Estimation
      $7,650,000
      51,071 SF

      5185 Murfreesboro Rd, Unit 5197

      GROCERY, SUPERMARKET • 51,071 SF
      5185 Murfreesboro Rd, La Vergne, TN 37086-2713
      View Details
    • Value Estimation
      $1,165,000
      4,468 SF

      535 Waldron Rd

      CONVENIENCE STORE • 4,468 SF
      535 Waldron Rd, La Vergne, TN 37086-3546
      View Details
    • Value Estimation by Request
      176 SF

      1950 Madison Sq Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 176 SF
      1950 Madison Sq Blvd, La Vergne, TN 37086
      View Details

    Similar Nearby for Sale

    • $1,400,000
      833 SF

      Checkers NNN Ground Lease, TN

      High-yield Checkers restaurant, absolute NNN lease.
      5062 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Commercial Land Near Supercenter

      Commercial land with highway frontage near retail and airport.
      108 Fergus Rd, La Vergne, TN 37086
      View Details
    • $1,450,000
      7.25 Acres

      La Vergne Commercial Land - 7.25 Acres

      Prime Commercial Land, High Traffic Area, Excellent Visibility
      0 Murfreesboro Rd. At Jackson Sq Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      1.33 Acres

      5511 Murfreesboro Road

      Land • 1.33 Acres
      5525 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      10 Acres of Divisible Land

      Approximately 10 acres of divisible land for sale.
      151 Jefferson Pike, La Vergne, TN 37086
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Parcels in Growing Area

      Available land parcels in high-growth Nashville MSA suburb.
      5309 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      La Vergne Retail Space For Rent

      6600 SF retail space with high ceilings and ample parking.
      331 Waldron Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      40,000 SF

      La Vergne Industrial End Cap

      40,000 SF industrial space in La Vergne, near I-24.
      1630 Corporate Pl, La Vergne, TN 37086
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Space Near I-24

      Industrial space for lease near I-24 and Bridgestone plant.
      1541 Heil Quaker Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Fenced Land for Lease

      Land available for lease with trailer parking and equipment laydown.
      1740 Jp Hennessy Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      564,300 SF

      La Vergne Industrial Property Available

      Industrial property in La Vergne, Tennessee, near major transportation routes.
      1 Waldenbooks Dr, La Vergne, TN 37086
      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.
    5183 Murfreesboro Rd
    La Vergne, TN 37086-2713
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!