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Property profile & analytics
OFF-MARKET Estimated value $1,415,000
Retail space

1621 Broad St 1627 Murfreesboro, TN 37129-1710

5,400 SF 1 ac lot Built 1999
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1744640
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction FRAME
Total area 5,400 SF
Lot 1 ac (43,560 SF)
Zoning code CH
APN 080I-A-012.01-000
UPID US80-1744640
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
  • Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.37M
CAP Approach CAP
$965k
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.42M
Owner & transaction history
Memories 99 LLC · 3 yrs held
Memories 99 LLC
since 2023
Last sale
$1.5M
6 recorded transactions
2023
$1.5M
2023
$47,000
2002
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
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) $1.6M +47.5%
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