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    Property profile & analytics

    116 John R Rice Blvd Murfreesboro, TN 37129-4154

    • Turn key restaurants
    • 7,956 SF
    • 2.37 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US80-1488981
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Texas Roadhouse / Restaurant / Steak House

    Property Details for 116 John R Rice Blvd

    Year built
    2017
    Construction
    FRAME
    Lot size
    2.37 lot acres
    Property size
    7,956 SF
    Property type
    Turn key restaurants
    APN
    092-031.00-000
    APU
    9203100000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4392
    Latitude
    35.8479
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,928
    $631,960
    $638,120
    $1,270,080
    -
    $1,579,900
    $1,595,300
    $3,175,200

    Comparable in this City

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      4,915 SF

      1728 Old Ft Pkwy

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    • Value Estimation
      $830,000
      1,800 SF

      3219 Memorial Blvd

      RESTAURANT • 1,800 SF
      3219 Memorial Blvd, Murfreesboro, TN 37129-5255
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    • Value Estimation
      $4,180,000
      5,788 SF

      1714 Old Ft Pkwy

      RESTAURANT • 5,788 SF
      1714 Old Ft Pkwy, Murfreesboro, TN 37129-3351
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      $305,000
      9,020 SF

      1115 Broad St

      RESTAURANT • 9,020 SF
      1115 Broad St, Murfreesboro, TN 37129-2328
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    • Value Estimation by Request
      1,298 SF

      3714 Jefferson Pike

      RESTAURANT • 1,298 SF
      3714 Jefferson Pike, Murfreesboro, TN 37129-7477
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    • Value Estimation by Request
      7,676 SF

      2455 Medical Ctr Pkwy

      RESTAURANT • 7,676 SF
      2455 Medical Ctr Pkwy, Murfreesboro, TN 37129-2395
      View Details

    Similar Nearby for Sale

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      NN+ leased Japanese restaurant in a rapidly growing city.
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      Retail Building on Memorial Blvd

      Freestanding retail building in high-traffic Murfreesboro location.
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    Similar Nearby for Lease

    • $25 SF/Yr
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      Turn-Key Restaurant Space Available

      Second-generation restaurant space with existing infrastructure on NW Broad Street.
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      Sanders Corner Retail Spaces For Lease

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      Retail Space in High-Traffic Area

      Retail space anchored by Starbucks with high visibility and accessibility.
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      Retail Space in Kroger-Anchored Center

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      Prime Murfreesboro retail & office space available.
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      Retail Space in Memorial Shops

      Retail space for lease in Murfreesboro, Tennessee.
      2445 Memorial Blvd, Murfreesboro, TN 37129
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    Property Visit Statistics

    • Visits by month
      56.1k
    • Visitors by month
      48.1k
    • Avg Time on site
      73 min
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    116 John R Rice Blvd
    Murfreesboro, TN 37129-4154
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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