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Property profile & analytics
OFF-MARKET
Estimated value
$6,380,000
Office buildings
1010 Haley Rd Murfreesboro, TN 37129-4926
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0901632
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
42,360 SF
Lot
5.04 ac (219,542 SF)
Zoning code
H-I
APN
102-019.28-000
UPID
US80-0901632
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.05M
Blend (final)
Blend
$6.38M
Owner & transaction history
Middle Tn Electric Membership Corp · 2 yrs held
Middle Tn Electric Membership Corp
since 2023
5 recorded transactions
Zoning & alternative use
H-I · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+24.3%
Neighborhood: shopping center
$8.7M
+23.6%
Medical building
$7.9M
+11.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Murfreesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murfreesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,050,000
Current use
RETAIL STORES
$8,755,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,715,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$7,885,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,585,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$6.38M
Range $5.74M – $7.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Previous assessed
$1,982,360
Land market value
$461,300
Improvement market value
$4,494,600
Total market value
$4,955,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
ZONE
Cooling
YES
Buildings
3
Stories
1
Units
1
Rooms
24
Bathrooms
28
Total area
42,360 SF
Lot
5.04 ac (219,542 SF)
Zoning code
H-I
APN
102-019.28-000
UPID
US80-0901632
Jurisdiction
RUTHERFORD
Zoning & alternative use
H-I · Murfreesboro, TN
Zoning H-I · permitted uses
H-I · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murfreesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.1M
RETAIL STORES
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.6M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
24
Bathrooms
28
Lot
5.04 ac
Current owner
From public records · entity-resolved
Middle Tn Electric Membership Corp
Entity
Free & Clear · 2 yrs held
Mailing address
555 NEW SALEM HWY, MURFREESBORO, TN 37129-3390
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2023
—
Middle Tn Electric Membership Corp
Norstan Communications INC
Special Warranty Deed
—
Nov 9, 2022
$5,700,000
Norsta Communications INC
Pitts Propertis INC
Special Warranty Deed
—
Aug 5, 2019
$5,000,000
Pitts Properties INC
Black Box Ntwk Svcs INC-govern
Trustees Deed
$14,000,000 · East West Bk
Jan 15, 2019
—
Black Box Ntwk Svcs INC-govern
—
Deed
related
$4,287,244 · Pathlight Capital Fund I LP
—
—
Black Box Ntwk Svcs INC-govern
—
Deed Of Trust
related
$4,287,244 · Pathlight Capital Fund I LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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