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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Medical Office Space
1034 Highland Ave Ste C Murfreesboro, TN 37130-2463
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-1667705
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
5,964 SF
Lot
0.09 ac (4,095 SF)
Zoning code
CM-R
APN
091D-F-038.24-C-003
UPID
US80-1667705
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
-
Family Physicians Medical Clinic
-
Reflect Wellness Weight Loss Service
-
Brandon Hardin Pediatrician Physician
-
Meredith Barnett Physician
-
Dr. Jared Bramlett Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$635k
Owner & transaction history
Thomas Michael Helton · 2 yrs held
Thomas Michael Helton
since 2023
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
CM-R · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$600,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $650k (Oct 5 2023)
Last sale anchor
$650k
Oct 5 2023
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
$106 / 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
$6,905
Tax year 2023
Assessed value
$244,120
Assessed 2024
Previous assessed
$244,120
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$15,440
Assessed improvement
$228,680
Land market value
$38,600
Improvement market value
$571,700
Total market value
$610,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
2
Bathrooms
3
Total area
5,964 SF
Lot
0.09 ac (4,095 SF)
Zoning code
CM-R
APN
091D-F-038.24-C-003
UPID
US80-1667705
Jurisdiction
RUTHERFORD
Zoning & alternative use
CM-R · Murfreesboro, TN
Zoning CM-R · permitted uses
CM-R · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1991
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
2
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Thomas Michael Helton
Individual
Free & Clear · 2 yrs held
Mailing address
1034 N HIGHLAND AVE STE D, MURFREESBORO, TN 37130-2463
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 5, 2023
—
Thomas Michael Helton
T Michael Helton
Intrafamily Transfer
related
—
Aug 3, 2020
—
T Michael
—
Deed
related
$475,000 · Franklin Synergy Bk
Jul 6, 2006
$650,000
T Michael Helton
Polk,t Allen & Janet L
Warranty Deed
$650,000 · Mid South Bank
May 28, 1991
$121,185
T Allen Polk
Unknown
Grant Deed
—
—
—
T Michael
—
Deed Of Trust
related
$475,000 · Franklin Synergy Bk
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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