Mixed-Use — Office / Warehouse / Recreation — Murfreesboro, TN

River Rock Blvd
Development

605 River Rock Blvd · Murfreesboro, TN · Rutherford County · Stones River Frontage

Site Size ±8 Acres
Total Building SF ±68,553
Pickleball Courts 11
Valuation at 6.5% Cap $15,012,523
River Rock Blvd — aerial view
River Rock Blvd — aerial view

Property Overview

Stabilized Assets + Significant Value-Add Potential

Positioned on approximately 8 acres in a rapidly expanding corridor of Murfreesboro, the former “Racquet Club” site presents a rare mixed-use investment opportunity with both stabilized assets and significant value-add potential.

The property currently features two newly constructed brick office/retail buildings, a large warehouse with integrated office space, and an active outdoor pickleball facility — offering immediate income-generating capability across multiple asset types.

A key differentiator is the site’s direct access to Tommy Bragg Drive, a newly completed connector providing seamless connectivity to Costco and the high-traffic New Salem Highway corridor. This enhanced infrastructure significantly increases visibility, accessibility, and long-term commercial viability.

The rear of the site boasts over 300 feet of frontage along the Stones River, offering a unique natural amenity that supports potential placemaking, recreational enhancements, or premium positioning for future development.

Site Highlights

  • ±8 acres in high-growth Murfreesboro corridor
  • Two newly constructed brick office/retail buildings
  • Large existing warehouse with integrated office
  • 11-court outdoor pickleball facility (active)
  • Vacant pad lot — 1+ acre, 400 ft Tommy Bragg frontage
  • 300+ ft Stones River frontage
  • Direct Tommy Bragg Drive access to Costco & New Salem Hwy
  • Multiple income streams from day one

Building A

Office / Retail — ±7,840 SF

River Rock — Building A exterior

Building A is a newly constructed, stick-framed brick office/retail structure totaling approximately ±7,840 SF. Designed for maximum flexibility, the building features four separate entrances and two rear glass overhead doors, accommodating multi-tenant or single-user occupancy.

  • Building Size±7,840 SF
  • ConstructionStick-framed brick
  • Entrances4 separate entrances
  • Rear Access2 glass overhead doors
  • Use TypeOffice / Retail
  • TenancyMulti-tenant or single-user
  • Asking Rate$24/SF
  • Annual Rent$187,200
Contact listing agent for current availability and lease status.

Building B

Office / Retail — ±5,000 SF

River Rock — Building B exterior

Building B is a newly constructed brick office/retail building totaling approximately ±5,000 SF. The building can be demised into three suites of approximately 1,667 SF each, providing future leasing flexibility and upside potential.

  • Building Size±5,000 SF
  • ConstructionStick-framed brick
  • Suite Divisibility3 suites of ±1,667 SF ea.
  • Use TypeOffice / Retail
  • Asking Rate$24/SF
  • Annual Rent$120,000
Contact listing agent for current availability and lease status.

605 River Rock Blvd

Original Structure — ±28,713 SF
Office + Warehouse

605 River Rock Blvd — floor plan

The original structure at 605 River Rock Blvd — formerly operated as a tennis club — offers approximately ±28,713 SF and presents a versatile mix of office and warehouse functionality.

The front-of-house area includes a lobby, restrooms, and locker rooms, supporting potential reuse for fitness, recreation, or client-facing commercial applications. A two-story office build-out provides ample administrative or tenant office space. The remaining open-span warehouse area offers flexibility for a wide range of light industrial, storage, or adaptive reuse scenarios.

  • Total Building SF±28,713 SF
  • Lobby / Amenities±3,200 SF
  • Two-Story Office±8,000 SF
  • Warehouse / Storage±17,500 SF (open span)
  • Office Asking Rate$18/SF
  • Office Annual Rent$144,270
  • Warehouse Asking Rate$16/SF
  • Warehouse Annual Rent$279,344

Photo Gallery

River Rock — Property Photos

Property Videos

River Rock — Video Walkthroughs

Outdoor Recreation Component

11-Court Pickleball Facility

At the rear of the property, the former tennis courts have been fully redeveloped into a modern pickleball facility, reflecting the rapidly growing demand for recreational and community-driven amenities in Murfreesboro.

The courts have been re-paved and professionally coated with sport surfacing to accommodate a total of 11 pickleball courts, creating a high-capacity, revenue-generating recreational component. The area is enhanced with new site lighting and perimeter fencing, supporting extended hours of operation and a secure environment.

A covered pavilion provides shaded gathering space for players and events, with a renovated storage building that functions as an on-site office.

River Rock — pickleball court layout plan
  • Number of Courts11 (incl. championship)
  • Dimensions240′ × 135′ facility
  • SurfacingProfessional sport coat
  • LightingNew site lighting
  • SeatingBleachers at championship court
  • Covered PavilionYes, included
  • On-Site OfficeRenovated storage building
  • Annual Income$180,000

Future Development

Vacant Pad Lot — 1+ Acre

River Rock — vacant pad lot survey

The final component of the property includes a vacant parcel offering over one acre of level, buildable area positioned for immediate development. The site benefits from readily available utilities and approximately 400 feet of frontage along Tommy Bragg Drive — the newly constructed connector linking River Rock Blvd to New Salem Highway.

This parcel provides a strategic opportunity for pad development or future expansion, further enhancing the property’s long-term value and flexibility.

  • Parcel Size1+ acre
  • TopographyLevel, buildable
  • Tommy Bragg Frontage±400 feet
  • UtilitiesReadily available
  • Development ReadyPad-ready
  • Estimated Value$1,000,000
Stones River frontage at rear of property

Investment Financials

Income Summary & Valuation

Rates represent asking rents. Contact listing agent for current lease status and underwriting details. All figures subject to verification.

Office & Retail Income
Building A (7,800 SF @ $24/SF) $187,200/yr
Building B (5,000 SF @ $24/SF) $120,000/yr
605 River Rock Blvd
Office (8,015 SF @ $18/SF) $144,270/yr
Warehouse (17,459 SF @ $16/SF) $279,344/yr
Recreation
Outdoor Pickleball Courts (11 courts) $180,000/yr
Land
Vacant Lot $1,000,000
Total Valuation at 6.5% Cap Rate $15,012,523

Asset Breakdown

Office / Retail SF
±12,840
Buildings A + B
Warehouse / Office SF
±28,713
605 River Rock
Pickleball Courts
11
Active facility
Vacant Land
1+ Acre
Tommy Bragg frontage
Multiple asset types provide diversified income streams and reduced single-tenant risk.

Listing Agent

Paul Smith

REALTORS®  ·  TN Lic. #315360

Keller Williams Murfreesboro 450 Saint Andrews Drive, Murfreesboro, TN 37128
Call Paul — 615.419.6005

Call or Send an Inquiry