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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Strip malls
1636 New Salem Hwy Ste A Murfreesboro, TN 37128-7038
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-2112096
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2021
Construction
FRAME
Total area
11,501 SF
Lot
1.39 ac (60,548 SF)
APN
102-039.15-000
UPID
US80-2112096
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
-
Marleen Yosef Physician
-
Caitlyn Nicholson Physician
-
Gateway Urgent Care Medical Clinic
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Yamato Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.04M
Owner & transaction history
Salem Investment Partners · 6 yrs held
Salem Investment Partners
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+42.4%
Medical building
$2.1M
+10.0%
Retail stores
$2.1M
+7.2%
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%
$2,565,000
6.5%
$2,370,000
7%
$2,200,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,945,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$2,140,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$2,085,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$1,860,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±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
$177 / 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
$25,033
Tax year 2023
Assessed value
$884,920
Assessed 2024
Previous assessed
$884,920
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$271,480
Assessed improvement
$613,440
Land market value
$678,700
Improvement market value
$1,533,600
Total market value
$2,212,300
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
2021
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Units
7
Total area
11,501 SF
Lot
1.39 ac (60,548 SF)
APN
102-039.15-000
UPID
US80-2112096
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
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
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2021
Construction
FRAME
Heating
NONE
Cooling
Yes
Units
7
Lot
1.39 ac
Current owner
From public records · entity-resolved
Salem Investment Partners
Entity
Mailing address
PO BOX 669, MCMINNVILLE, TN 37111-0669
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
$1,150,000
Salem Investment Partners
Dharas Corp
Warranty Deed
$2,516,000 · First Nat'l Bk/middle Tn
—
—
Dharas Corp
—
Deed Of Trust
related
$362,250 · Southern Bk/tn
—
—
Dharas Corp
—
Loan Modification
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.
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