1632 Memorial Blvd, Unit 1678 Murfreesboro, TN 37129-2104
Property Lookup
Property profile & analytics
1632 Memorial Blvd, Unit 1678 Murfreesboro, TN 37129-2104
- Strip malls
- 78,824 SF
- 10.92 lot acres
Property ID
US80-0783124
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Penn Station East Coast Subs / Take-out & Catering
Property Details for 1632 Memorial Blvd
- Year built
- 1984
- Lot size
- 10.92 lot acres
- Property size
- 78,824 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 080M-G-001.00-000
- APU
- 080MG00100000
Description
This exceptional investment opportunity presents Parkside Shopping Center, a single-story, Class B retail property located at 1632 Memorial Blvd in Murfreesboro, Tennessee, zip code 37130. The 77,280 square foot center sits on a 10.92-acre lot (475,675 square feet) and features three suites with a total of 324 parking spaces. Currently, 4,130 square feet are vacant, offering immediate potential for new tenants. The largest contiguous space available is 1,628 square feet. Built in 1978 and renovated in 2017, the property benefits from a CH zoning designation. The property enjoys a high-traffic location on Memorial Blvd, with a daily traffic count of 34,401 vehicles per day, and is conveniently situated near Middle Tennessee State University (MTSU), a rapidly growing university with approximately 22,000 students. This proximity to a large student population and the vibrant Murfreesboro community provides a strong base of potential customers. The annual property taxes are $0.85 per square foot. The center's strategic location, coupled with its recent renovations and ample parking, makes it an attractive option for a variety of retail and restaurant businesses. This property offers a compelling opportunity to capitalize on the growth and development within Murfreesboro, a city committed to fostering business expansion.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $17,595,000
- 6.5%
- $16,240,000
- 7%
- $15,080,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,247,000
Market price range: $7.86M - $24.9M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $16,215,000 Current use
- RETAIL STORES
- $16,295,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $14,675,000 Change: -9% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $14,120,000 Change: -13% Conversion: Difficult
- OFFICE BUILDING
- $13,115,000 Change: -19% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.3872
- Latitude
- 35.8657
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$101,591
$852,800
$2,738,520
$3,591,320
-
$2,132,000
$6,846,300
$8,978,300
