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

    6524 Forrest Ln Murfreesboro, TN 37129-8202

    • Warehouses
    • 9,060 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2021
    $75,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2456347
    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

    • Can Panda / Landscaping / General Contractor

    Property Details for 6524 Forrest Ln

    Year built
    2022
    Lot size
    0.83 lot acres
    Property size
    9,060 SF
    Property type
    Warehouses
    APN
    049N-F-005.03-000
    APU
    049NF00503000

    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
    -86.4899
    Latitude
    35.9336
    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
    $3,183
    $37,760
    $239,720
    $277,480
    -
    $94,400
    $599,300
    $693,700

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1106 College St

      WAREHOUSE, STORAGE • 3,000 SF
      1106 College St, Murfreesboro, TN 37129-2336
      View Details
    • Value Estimation
      $22,205,000
      889,017 SF

      800 Middle 10th Blvd Ste A

      WAREHOUSE, STORAGE • 889,017 SF
      800 Middle 10th Blvd Ste A, Murfreesboro, TN 37129-5610
      View Details
    • Value Estimation
      $2,310,000
      20,674 SF

      1603 Northfield Blvd, Unit 1609

      MINI-WAREHOUSE, STORAGE • 20,674 SF
      1603 Northfield Blvd, Murfreesboro, TN 37129-1701
      View Details
    • Value Estimation
      $17,200,000
      93,006 SF

      2148 Medical Ctr Pkwy

      MINI-WAREHOUSE, STORAGE • 93,006 SF
      2148 Medical Ctr Pkwy, Murfreesboro, TN 37129-3874
      View Details
    • Value Estimation
      $2,960,000
      33,856 SF

      801 Commercial Ct

      WAREHOUSE, STORAGE • 33,856 SF
      801 Commercial Ct, Murfreesboro, TN 37129-4934
      View Details
    • Value Estimation
      $550,000
      6,283 SF

      1930 Memorial Blvd

      WAREHOUSE, STORAGE • 6,283 SF
      1930 Memorial Blvd, Murfreesboro, TN 37129-1502
      View Details

    Similar Nearby for Sale

    • $3,195,000
      10,900 SF

      Remodeled Retail Property on Broad

      High-traffic retail property with showroom, offices, and warehouse space.
      2204 NW Broad St, Murfreesboro, TN 37129
      View Details
    • $1,350,000
      4,000 SF

      Updated Flex Space in Murfreesboro

      Updated flex space with warehouse and vacant lot included.
      553 Middle Tennessee Blvd, Murfreesboro, TN 37129
      View Details
    • $1,700,000

      2.75-Acre Corner Lot in Murfreesboro

      2.75-acre corner lot with 2,275 SF improvement near I-24.
      535A NW Broad St, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      8,130 SF

      Murfreesboro Flex / Industrial Space

      8,130 SF flex/industrial property in Murfreesboro, Tennessee.
      806 Old Fort Pkwy, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      6,041 SF

      Industrial Building in "The Bottoms"

      Turn-key, conditioned industrial building in redeveloping area for sale.
      310 W Castle St, Murfreesboro, TN 37129
      View Details
    • $1,500,000
      6,800 SF

      Murfreesboro Commercial & Residential Combo

      7.85 Acres, Two Buildings, High Potential
      6752 Old Nashville Hwy, Murfreesboro, TN 37129
      View Details

    Similar Nearby for Lease

    • $5,438 /Mo

      Multifunctional Flex Space Available

      Flex space with offices, storage, and heavy industrial zoning.
      1154 Park Ave, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Murfreesboro Warehouse with Executive Office

      Well-located, fully conditioned warehouse space with executive office.
      845 Middle Tennessee Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Murfreesboro Warehouse Space Available

      64,500 SF warehouse space with office available for lease.
      880 Butler Dr, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      35,134 SF

      99,411 SF Industrial Building

      Divisible industrial building with interstate visibility in Murfreesboro, TN.
      941-953 Esther Ln, Murfreesboro, TN 37129
      View Details
    • Sponsored
      Contact for pricing

      The Avenue Murfreesboro

      Discover many ways to work your way in The Avenue Murfreesboro
      2615 Medical Center Pkwy, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Space in Murfreesboro, TN

      3,500 SF industrial property available for lease.
      308 W Castle St, Murfreesboro, TN 37129
      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.
    6524 Forrest Ln
    Murfreesboro, TN 37129-8202
    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!