Murfreesboro, TN
Commercial Real Estate Market Trends & Data

$493 Avg asking sale price
$917 Avg asking lease rate
18,792 SF Avg unit lease size
48,479 SF Avg building size for sale
5.88% Average cap rate

Murfreesboro's Demographic Profile

Murfreesboro has 63,529 households and a median income of $74,367, providing context for rent absorption and tenant demand across retail and multifamily assets. A +13% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 164,473
# Households 63,529
Median age 34
Median household income $74,367
Avg household size 3.0
Renter-occupied housing units 31,340
5-year population change +13%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Murfreesboro, TN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
La Vergne $448 22,775 SF 7.00%
Cane Ridge $383 17,870 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Murfreesboro $256 52,727 SF 6.50%
Smyrna $249 17,444 SF 6.10%
La Vergne $303 15,784 SF 6.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Murfreesboro $711 21,078 SF
Smyrna $519 3,604 SF
La Vergne $663 22,750 SF
Nolensville $499 14,175 SF
Cane Ridge $400 20,329 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Murfreesboro $131 51,650 SF 6.68%
La Vergne $283 42,000 SF 7.00%
Cane Ridge $364 19,867 SF 8.06%
Antioch $364 19,867 SF 8.06%
Hermitage $246 12,600 SF 6.01%

Commercial Properties For Sale in Murfreesboro

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Auction

Murfreesboro, TN 37129

  • 3.49 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

Stones River Town Centre

Murfreesboro, TN 37129

  • 146,000 SF Retail Building
  • Price Upon Request
For Sale

Norther Tool + Equipment | Recent Extension

Murfreesboro, TN 37129

  • 25,984 SF Retail Building
  • 6.35% Cap Rate
  • $5,617,000
For Sale

1641 Memorial Blvd

Murfreesboro, TN 37129

  • 3,690 SF Retail Building
  • 6.00% Cap Rate
  • $2,500,000
For Sale

327 State St E

Murfreesboro, TN 37130

  • 2,700 SF Flex Building
  • $875,000
For Sale

806 Old Fort Pky

Murfreesboro, TN 37129

  • 8,130 SF Flex Building
  • $2,690,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Multifamily Financing Options & Rates
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A comprehensive overview of multifamily loan programs, current market rates, and essential requirements for successful financing in today's market
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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Murfreesboro pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Murfreesboro $493 48,479 SF
Lascassas $257 10,500 SF
Smyrna $392 12,436 SF

Regional Demographic Comparison

This comparison places Murfreesboro alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Murfreesboro or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Murfreesboro 164,473 63,529 34 $74,367 3 31,340 13%
Smyrna 56,785 20,801 36 $75,686 3 8,759 14%
Rockvale 1,575 523 38 $76,719 3 49 13%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Murfreesboro, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Murfreesboro

View All Commercial Real Estate For Sale in Murfreesboro
Is Murfreesboro a good market for a first-time commercial real estate investor?

Murfreesboro offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Murfreesboro?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Murfreesboro. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Murfreesboro?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Murfreesboro. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Murfreesboro compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Murfreesboro. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Murfreesboro acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Murfreesboro, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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