You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $510,000
Motels

1150 Broad St Murfreesboro, TN 37129-2327

5,966 SF 3 ac lot Built 1950
Individually Owned 33-yr Hold Free & Clear
Property ID
US80-1954039
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1950
Construction FRAME
Total area 5,966 SF
Lot 3 ac (130,680 SF)
Zoning code CH
APN 091B-D-004.00-000
UPID US80-1954039
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
  • Murfreesboro Motel Hotel & Motel
  • Dr. Hitendra Patel, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
$535k
Comparable Approach Comparable
$369k
Blend (final) Blend
$510k
Owner & transaction history
James T Preston · 33 yrs held
James T Preston
since 1993
5 recorded transactions
2013
Price N/A
1993
$550,000
1993
$550,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CH, HIGHWAY COMMERCIAL DISTRICT. This district is intended to permit the development and continued maintenance of general commercial uses located in a linear fashion along highways and near transportation facilities and industrial areas. The uses permitted in this district, the special uses that may be allowed in this district and the uses for which site pla…

Zone name Highway Commercial District
General category INDUSTRIAL
Zone area 3,999.90 ac
Top alternative use upside
Office building $805,000 +52.9%
Medical building $775,000 +47.2%
Neighborhood: shopping center $675,000 +28.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1150 Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message