Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$41,175,000
Specialty properties
1345 Wenlon Dr Murfreesboro, TN 37130-7644
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0914470
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2006
Construction
FRAME
Total area
248,194 SF
Lot
22 ac (958,320 SF)
Zoning code
RM12
APN
081-112.04-000
UPID
US80-0914470
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
-
The Murph Apartment Building
-
TopTier Apartment Building
-
The Dutton Luxury Apartments Apartment Complex
-
WVK Travel Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.18M
Owner & transaction history
1345 Wenlon Property LLC · 4 yrs held
1345 Wenlon Property LLC
since 2022
Last sale
$40.0M
7 recorded transactions
Zoning & alternative use
RM12 · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$41.6M
+104.9%
Auto repair, garage
$39.3M
+93.4%
Medical building
$30.1M
+48.2%
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
$43,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$41,615,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$39,270,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$30,100,000
Change: +48% · Conversion: Difficult
RESTAURANT
$28,835,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$28,745,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$28,205,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$41.18M
Range $37.06M – $45.29M · ±10% · vs last sale $40.00M (Jun 27 2022)
Last sale anchor
$40.00M
Jun 27 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
$166 / 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
$334,930
Tax year 2023
Assessed value
$11,840,000
Assessed 2024
Previous assessed
$11,840,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,526,720
Assessed improvement
$10,313,280
Land market value
$3,816,800
Improvement market value
$25,783,200
Total market value
$29,600,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
248,194 SF
Lot
22 ac (958,320 SF)
Zoning code
RM12
APN
081-112.04-000
UPID
US80-0914470
Jurisdiction
RUTHERFORD
Zoning & alternative use
RM12 · Murfreesboro, TN
Zoning RM12 · permitted uses
RM12 · 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
COMMERCIAL (GENERAL)
Est. value
$41.6M
AUTO REPAIR, GARAGE
Est. value
$39.3M
MEDICAL BUILDING
Est. value
$30.1M
RESTAURANT
Est. value
$28.8M
OFFICE BUILDING
Est. value
$28.7M
RETAIL STORES
Est. value
$28.2M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2006
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
22 ac
Current owner
From public records · entity-resolved
1345 Wenlon Property LLC
Entity
Mailing address
651 W MT PLEASANT AVE STE #110, LIVINGSTON, NJ 07039-1600
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
—
1345 Wenlon Property LLC
—
Deed
related
$39,235,000 · Arbor Realty SR INC
Jun 27, 2022
$40,000,000
1345 Wenlon Property LLC
Va7 Murph LLC
Special Warranty Deed
$36,250,000 · Arbor Realty SR INC
Sep 3, 2021
$30,000,000
Va7 The Murph LLC
Muph Property LLC
Special Warranty Deed
—
Jan 29, 2018
—
Vie-msp Murfreesboro LLC
—
Deed
related
$17,250,000 · Bds II Mtg Cap Jpm LLC
Jan 27, 2017
$20,781,000
Vie-msp Murfreesboro LLC
Raiders Ridge Apartments LLC
Grant Deed
$16,800,000 · Northern Bk
Jan 20, 2017
$858
Raiders Property 21 LLC
Raiders Property 11 LLC
Quit Claim Deed
related
—
Apr 26, 2007
$762,619
Raiders Property 21 LLC
Raiders Property 11 LLC
Grant Deed
related
—
Nov 7, 2006
—
Raiders Ridge Apartments LLC
Raiders Ridge LLC
Quit Claim Deed
related
$19,400,000 · Bear Stearns Commercial Mtg
Nov 7, 2006
$4,480,000
Raiders Ridge Apartments LLC
Raiders Ridge LLC
Grant Deed
related
—
Jul 16, 2004
$1,600,000
Raiders Ridge LLC
Berke,roger A
Warranty Deed
$17,500,000 · Regions Bank
Jul 12, 2004
—
Record Owner
Raiders Ridge LLC
Grant Deed
related
—
—
—
Vie-msp Murfreesboro LLC
—
Deed Of Trust
related
$17,250,000 · Bds II Mtg Cap Jpm LLC
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.
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 1345 Wenlon Dr?
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 →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
