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Property profile & analytics
OFF-MARKET
Warehouses
1506 College St Murfreesboro, TN 37129-1726
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1110229
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Total area
3,120 SF
Lot
0.47 ac (20,386 SF)
Zoning code
CH
APN
091B-B-013.00-000
UPID
US80-1110229
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
-
West north of kids club of gyms Spiritual Center
-
Superior Property Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Amy Wade · 1 yrs held
Amy Wade
since 2024
7 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,118
Tax year 2023
Assessed value
$145,560
Assessed 2024
Previous assessed
$145,560
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$38,520
Assessed improvement
$107,040
Land market value
$96,300
Improvement market value
$267,600
Total market value
$363,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Heating
SPACE
Stories
1
Bathrooms
1
Total area
3,120 SF
Lot
0.47 ac (20,386 SF)
Zoning code
CH
APN
091B-B-013.00-000
UPID
US80-1110229
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.
Building & site characteristics
From public records
Year built
2015
Heating
SPACE
Stories
1
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Amy Wade
Individual
Free & Clear · 1 yrs held
Mailing address
412 GOLDEN BEAR CT STE B MURFREESBORO
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Amy Wade
Nancy Adar Watley
Affidavit Of Death Of Joint Tenant
—
Aug 18, 2022
—
Mt Oread Properties LLC
—
Deed
related
$500,000 · First Horizon Bank
Dec 17, 2021
$780,000
Mt Oread Properties LLC
Blake R Patterson
Warranty Deed
—
Apr 21, 2015
—
Blake R|lewis Phillip M Patterson
—
Trustees Deed
related
$265,000 · First Nat'l Bk/mcminnville Tn
Oct 7, 2014
—
Sally Lorance
Williams Joe M
Quit Claim Deed
related
—
Oct 7, 2014
$76,000
Blake E Patterson
Lorance,sally
Grant Deed
$60,800 · First Nat'l Bk/mcminnville Tn
Jan 10, 2012
—
Lorance,sally
Williams,j M
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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