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Property profile & analytics
OFF-MARKET
Estimated value
$7,620,000
Office buildings
1323 Broad St Murfreesboro, TN 37129-1715
Entity Owned
~
Est. High Equity
Property ID
US80-1467218
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
FRAME
Total area
63,636 SF
Lot
5.5 ac (239,580 SF)
Zoning code
CH
APN
091B-C-002.03-000
UPID
US80-1467218
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
-
US Storage Centers Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$7.62M
Owner & transaction history
Sst X 1323 Nw Broad St LLC
Sst X 1323 Nw Broad St LLC
since 2025
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.9M
+11.9%
Auto repair, garage
$11.4M
+7.7%
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
$7,325,000
ML approach
$7,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,590,000
Current use
MEDICAL BUILDING
$11,850,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,400,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$7.62M
Range $6.86M – $8.38M · ±10% · vs last sale $7.90M (Feb 20 2025)
Last sale anchor
$7.90M
Feb 20 2025
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
$120 / 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
$31,513
Tax year 2023
Assessed value
$1,114,000
Assessed 2024
Previous assessed
$1,114,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$419,880
Assessed improvement
$694,120
Land market value
$1,049,700
Improvement market value
$1,735,300
Total market value
$2,785,000
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
1993
Construction
FRAME
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
4
Total area
63,636 SF
Lot
5.5 ac (239,580 SF)
Zoning code
CH
APN
091B-C-002.03-000
UPID
US80-1467218
Jurisdiction
RUTHERFORD
Zoning & alternative use
CH · Murfreesboro, TN
Zoning CH · permitted uses
CH · 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
OFFICE BUILDING Current
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$11.4M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1993
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
4
Lot
5.5 ac
Current owner
From public records · entity-resolved
Sst X 1323 Nw Broad St LLC
Entity
Mailing address
600 NEWPORT CTR DR #1450, NEWPORT BEACH, CA 92660-6412
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
$7,900,000
Sst X 1323 Nw Broad St LLC
Smst 1323 Broad St LLC
Special Warranty Deed
$4,200,000 · Choice Financial Group
Feb 20, 2025
$7,900,000
Smst 1323 Broad St LLC
Westport Tr Storage Tn Venture Gp
Special Warranty Deed
—
Dec 3, 2019
—
Westport Of Tr Storage Tn Venture
—
Deed
related
$4,675,000 · Keybank USA
Sep 2, 2016
$4,575,548
Westport Of Tr Storage Tn Venture
Ac Ss Fund I Murfreesboro LLC
Grant Deed
$23,400,000 · Bank Of The West
Apr 1, 2011
$3,000,000
Ac Ss Fund 1 Murfreesboro LLC
Davis,jeffrey C
Warranty Deed
related
—
Dec 28, 1993
$1,000,000
Jeffrey C Davis
Unknown
Grant Deed
—
Dec 21, 1992
$60,000
Bros Proeprties Farrer
Unknown,
Grant Deed
—
Dec 18, 1991
$112,000
Bros Proeprties Farrer
Unknown,
Grant Deed
—
—
—
Jeffrey C Davis
—
Deed Of Trust
related
—
—
—
Westport Of Tr Storage Tn Venture
—
Deed Of Trust
related
$4,675,000 · Keybank USA
—
—
Jeffrey C Davis
—
Deed Of Trust
related
$133,085 · Pinnacle National 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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