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Property profile & analytics
OFF-MARKET
Estimated value
$11,340,000
Medical Office Space
1370 Gtwy Blvd Murfreesboro, TN 37129-2589
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-0781312
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
FRAME
Total area
48,064 SF
Lot
3.82 ac (166,225 SF)
APN
091H-B-006.00-000
UPID
US80-0781312
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
-
Vanderbilt Heart Murfreesboro Medical Clinic
-
Middle Tennessee Ear, Nose And Throat, P.c. Medical Clinic Physician
-
Macourlyn the Center For Plastic Physician Medical Clinic
-
Dr. Paul E. GOCO, MD Physician
-
Paul E. Goco, MD - Murfreesboro Sinus Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.32M
CAP Approach
CAP
$9.01M
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$11.34M
Owner & transaction history
Hsre Sg I Gp · 4 yrs held
Hsre Sg I Gp
since 2021
Last sale
$15.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.7M
+63.8%
Retail stores
$9.9M
+11.0%
Neighborhood: shopping center
$9.9M
+10.5%
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
$15,085,000
ML approach
$10,315,000
CAP Approach
CAP Return
Estimation
6%
$9,765,000
6.5%
$9,010,000
7%
$8,370,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,950,000
Current use
COMMERCIAL (GENERAL)
$14,655,000
Change: +64% · Conversion: Easy
RETAIL STORES
$9,935,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,885,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,610,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$7,995,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$11.34M
Range $10.21M – $12.47M · ±10% · vs last sale $15.40M (Sep 21 2021)
Last sale anchor
$15.40M
Sep 21 2021
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
$236 / 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
$127,326
Tax year 2023
Assessed value
$4,501,040
Assessed 2024
Previous assessed
$4,501,040
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$601,480
Assessed improvement
$3,899,560
Land market value
$1,503,700
Improvement market value
$9,748,900
Total market value
$11,252,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
16
Total area
48,064 SF
Lot
3.82 ac (166,225 SF)
APN
091H-B-006.00-000
UPID
US80-0781312
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
MEDICAL BUILDING Current
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$14.7M
RETAIL STORES
Est. value
$9.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Bathrooms
16
Lot
3.82 ac
Current owner
From public records · entity-resolved
Hsre Sg I Gp
Individual
Free & Clear · 4 yrs held
Mailing address
444 W LK ST STE #2100, CHICAGO, IL 60606-0069
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
$15,400,000
Hsre Sg I Gp
Asmi 1370 Gate Way Owner LLC
Special Warranty Deed
—
Jun 12, 2018
$1,075,000
Inchain Along LLC
Biscan,robert S & Evelyn A
Grant Deed
—
Dec 5, 2017
$15,000,000
Asmi 1370 Gateway Owner LLC
Physicians Plaza Of Murfreesboro
Trustees Deed
$29,500,000 · Cit Bk NA
Jun 2, 2010
—
Physicians Plaza Of Murfreesboro
—
Trustees Deed
related
$700,000 · Regions Bank
Jul 3, 2008
$1,609,650
Physicians Plaza Of Murfreesboro
Biscan,robert S
Deed Of Trust
related
$7,900,000 · Wilson Bank & Trust
Jan 30, 2006
$661,665
Record Owner
Owner,record
Grant Deed
related
—
Jan 30, 2006
$835,788
Record Owner
Owner,record
Grant Deed
related
—
Jan 30, 2006
$1,071,523
Record Owner
Owner,record
Grant Deed
related
—
—
—
Physicians Plaza Of Murfreesboro
—
Deed Of Trust
related
$7,200,000 · Regions Bank
—
—
Physicians Plaza Of Murfreesboro
—
Deed Of Trust
related
$1,200,000 · Regions 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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