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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Investment properties
1144 Fortress Blvd Ste A, Murfreesboro, TN 37128-5589
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2321145
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2019
Construction
FRAME
Total area
16,876 SF
Lot
2.48 ac (108,029 SF)
APN
079-100.02-000
UPID
US80-2321145
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
-
No.1 Chinese Restaurant Restaurant
-
Zivel - Performance and Recovery Alternative Medicine Practice Spa & Massage Center
-
KAREN D PRESSEAULT Physician
-
KATIE TIPTON Physician
-
Domino's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.57M
Blend (final)
Blend
$9.03M
Owner & transaction history
Fares LLC · 4 yrs held
Fares LLC
since 2022
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+88.6%
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
$9,575,000
ML approach
$9,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,635,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±10% · vs last sale $8.80M (Jan 5 2022)
Last sale anchor
$8.80M
Jan 5 2022
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
$535 / 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
$82,033
Tax year 2023
Assessed value
$2,899,920
Assessed 2024
Previous assessed
$2,899,920
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,589,960
Assessed improvement
$1,309,960
Land market value
$3,974,900
Improvement market value
$3,274,900
Total market value
$7,249,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
ZONE
Cooling
YES
Units
12
Bathrooms
1
Total area
16,876 SF
Lot
2.48 ac (108,029 SF)
APN
079-100.02-000
UPID
US80-2321145
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
RESTAURANT
Est. value
$9.6M
RESTAURANT
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
2019
Construction
FRAME
Heating
ZONE
Cooling
Yes
Units
12
Bathrooms
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Fares LLC
Entity
Mailing address
1466 AVELLINO CIR, MURFREESBORO, TN 37130-7608
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$8,800,000
Fares LLC
Beaty Properties LLC
Warranty Deed
$6,300,000 · Fares LLC
Jul 26, 2017
$4,379,000
Beaty Properties LLC
Smith,clarissa D
Warranty Deed
$3,065,300 · First Volunteer Bk
Jan 27, 2017
$745,000
Tt Of G Murfreesboro INC
Smith,clarissa D
Grant Deed
—
Jul 12, 2016
—
Clarissa D Smith
Twin B Farm LP
Quit Claim Deed
related
—
Jun 9, 2016
$862,794
Fortress Blvd Holdings LLC
Twin B Farm LP
Grant Deed
related
$2,117,350 · American Cty Bk
Mar 10, 2015
$425,000
Cornerstone Dev LLC
Twin B Farm LP
Grant Deed
related
$2,729,196 · First Citizens Nat'l Bk
Jan 22, 2008
$1,642,500
Corporation Of Presiding Bishop/c
Twin B Farm
Warranty Deed
—
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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