Property profile

820 Thompson Ln Ste 1a Murfreesboro, TN 37129

OFF-MARKET
Investment properties
Property ID
US80-2097471
1,424 SF Built 2011
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Gateway Village offers exceptional Class A office and medical suites in Murfreesboro, TN, at 820 N Thompson Ln, zip code 37129. This vibrant mixed-use community boasts three buildings totaling eight suites, ranging from 1,431 to 6,937 contiguous square feet. Built in 2011, the property features ample open parking and elevators. Its prime location on North Thompson Lane provides exceptional visibility, with a daily traffic count exceeding 25,000 vehicles. The property benefits from its proximity to Ascension Rutherford Hospital, numerous restaurants and grocery stores, and popular attractions like The View at Fountains and The Avenue. Furthermore, the upcoming construction of a 40-million-dollar, 4,500-seat Sunset Music Colosseum just half a mile away promises increased foot traffic and community vibrancy. Currently occupied by a diverse range of businesses including medical practices, retail shops, and professional services, Gateway Village presents a compelling opportunity for businesses seeking a thriving and convenient location in Murfreesboro. The property's strong tenant roster and strategic location make it an attractive investment.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2011
Construction FRAME
Total area 1,424 SF
APN 092-027.01-C-023
UPID US80-2097471

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Accounting Firm
  • Physician
  • Physician
  • Physician

Location

820 Thompson Ln Ste 1a Murfreesboro, TN 37129-4340
Murfreesboro metro Census 40901 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2017
7 recorded transactions
2020
Price N/A
2019
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
2017
$877,370
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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