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Property profile & analytics
OFF-MARKET Estimated value $1,505,000
Super regional malls

1507 College St Murfreesboro, TN 37129-4432

5,000 SF 0.79 ac lot Built 2022
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1076369
Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2022
Construction FRAME
Total area 5,000 SF
Lot 0.79 ac (34,412 SF)
Zoning code CH
APN 091B-A-005.00-000
UPID US80-1076369
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
  • TRI-FIT Personal Training Gym & Fitness Center
  • Volunteer Physical Therapy and Performance Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.54M
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.51M
Owner & transaction history
Adam Valentine · 3 yrs held
Adam Valentine
since 2022
Last sale
$1.4M
7 recorded transactions
2022
$1.4M
2021
$222,500
2020
Price N/A
2019
Price N/A
2018
$170,000
2015
$186,450
2015
$110,000
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CH, HIGHWAY COMMERCIAL DISTRICT. This district is intended to permit the development and continued maintenance of general commercial uses located in a linear fashion along highways and near transportation facilities and industrial areas. The uses permitted in this district, the special uses that may be allowed in this district and the uses for which site pla…

Zone name Highway Commercial District
General category INDUSTRIAL
Zone area 3,999.90 ac
Top alternative use upside
Commercial (general) $1.5M +48.2%
Retail stores $1.0M +0.5%
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