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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Office buildings
103 Maple St Murfreesboro, TN 37130-3506
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0575137
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
4,385 SF
Lot
0.05 ac (2,091 SF)
APN
091NB-A-013.00-000
UPID
US80-0575137
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
Current use
Occupant on record · Public records
-
Davidson Homes - Nashville Division Construction Company General Contractor
-
McMichael & Gray PC Law Firm
-
Reed Gregory M Law Firm
-
One of Nineteen Cocktails and Raw Bar Restaurant
-
Bouldin & Reed, PLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Pgh Properties LLC · 2 yrs held
Pgh Properties LLC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+74.8%
Auto repair, garage
$1.1M
+59.8%
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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,155,000
Change: +75% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,055,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Mar 7 2024)
Last sale anchor
$1.40M
Mar 7 2024
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
$319 / 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
Tax billed
$4,140
Tax year 2023
Assessed value
$220,680
Assessed 2024
Previous assessed
$220,680
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$20,760
Assessed improvement
$199,920
Land market value
$51,900
Improvement market value
$499,800
Total market value
$551,700
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
1900
Heating
ZONE
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
4,385 SF
Lot
0.05 ac (2,091 SF)
APN
091NB-A-013.00-000
UPID
US80-0575137
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
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
1900
Heating
ZONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Pgh Properties LLC
Entity
Mailing address
1614 BUCKINGHAM DR, MURFREESBORO, TN 37129-5889
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$1,400,000
Pgh Properties LLC
Gregory M Reed
Warranty Deed
$1,433,378 · Cogent Bank
Mar 9, 2021
$88,080
Davidson Homes LLC
Dh Rivers Edge LLC
Limited Warranty Deed
$1,500,000 · Bank Of The Ozarks
Jul 23, 2012
—
Gregory M Reed
—
Trustees Deed
related
$600,000 · Mid South Bank
Nov 17, 2010
$265,000
Gregory M Reed
Murfree,matt B III
Grant Deed
—
Aug 15, 1991
$99,500
Matt B Murfree
Unknown
Grant Deed
—
—
—
Gregory M Reed
—
Loan Modification
related
$700,000 · Mid South Bank
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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