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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Strip malls
1520 Memorial Blvd Murfreesboro, TN 37129-2111
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0052290
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
FRAME
Total area
8,850 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-H
APN
091D-A-028.00-000
UPID
US80-0052290
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
-
Rotech Production Facility
-
Boro Bagel Restaurant
-
Far East Reflexology Alternative Medicine Practice Spa & Massage Center
-
The Kolor Lounge Hair Salon
-
Beauty To Remember, LLC Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$1.21M
Owner & transaction history
Michael Zakaria · 6 yrs held
Michael Zakaria
since 2020
7 recorded transactions
Zoning & alternative use
C-H · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+0.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,820,000
Current use
RETAIL STORES
$1,830,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,650,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,585,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$1,470,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
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
$136 / 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
$14,337
Tax year 2023
Assessed value
$506,840
Assessed 2024
Previous assessed
$506,840
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$196,960
Assessed improvement
$309,880
Land market value
$492,400
Improvement market value
$774,700
Total market value
$1,267,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
ZONE
Cooling
YES
Stories
1
Units
4
Bathrooms
1
Total area
8,850 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-H
APN
091D-A-028.00-000
UPID
US80-0052290
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-H · Murfreesboro, TNZoning C-H · permitted uses
C-H · Murfreesboro, TN
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
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
1998
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Units
4
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Michael Zakaria
Individual
Mailing address
26 INVERARAY, NASHVILLE, TN 37215-4129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$190,000
Michael Zakaria
Atool LLC
Warranty Deed
—
Dec 13, 2019
$1,350,000
Mby Holdings LLC
Memorial Place LLC
Warranty Deed
related
$1,080,000 · Farmers & Merchants Nat'l Bk
Oct 24, 2005
$1,250,000
Memorial Place LLC
Benson,james & Judy L
Grant Deed
$930,000 · Symetra Life Insurance Co
Apr 28, 2004
$1,030,000
James Benson
P & K Entrprises
Grant Deed
—
Apr 1, 2004
—
P & K Enterprises
—
Deed Of Trust
related
—
Aug 27, 1996
$260,000
P & K Enterprises
—
Grant Deed
related
—
Aug 26, 1996
$260,000
P & K Enterprises
Church Of Christ
Grant Deed
$260,000 · Regions Bank
—
—
Memorial Place LLC
—
Deed Of Trust
related
$780,000 · First Symetra Nat'l Life Ins
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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