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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Drug stores
1696 Middle 10th Blvd Murfreesboro, TN 37130-5108
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3433221
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
FRAME
Total area
11,340 SF
Lot
2.4 ac (104,544 SF)
APN
103H-A-001.00-000
UPID
US80-3433221
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.13M
Owner & transaction history
Riverstone Investments · 7 yrs held
Riverstone Investments
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+97.7%
Auto repair, garage
$2.7M
+80.7%
Medical building
$2.1M
+39.6%
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%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,515,000
Current use
COMMERCIAL (GENERAL)
$2,990,000
Change: +98% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,735,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$2,110,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,920,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$1,710,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±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
$187 / 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
$30,554
Tax year 2023
Assessed value
$1,080,120
Assessed 2024
Previous assessed
$1,080,120
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$492,480
Assessed improvement
$587,640
Land market value
$1,231,200
Improvement market value
$1,469,100
Total market value
$2,700,300
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
4
Total area
11,340 SF
Lot
2.4 ac (104,544 SF)
APN
103H-A-001.00-000
UPID
US80-3433221
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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
4
Lot
2.4 ac
Current owner
From public records · entity-resolved
Riverstone Investments
Entity
Mailing address
483 WILLIAMSPORT DR, SMYRNA, TN 37167-5362
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
Jun 11, 2019
$2,200,000
Riverstone Investments
Vereit Real Estate LP
Grant Deed
$187,000 · Bank Of Tennessee
Jun 27, 2005
$3,543,000
Cole Ek Murfreesboro Tn LLC
Quails Bluff Associates Ltd
Grant Deed
$2,303,000 · Wachovia Bank NA
—
—
Cole Ek Murfreesboro Tn LLC
—
Deed Of Trust
related
$35,600,000 · Royal Bank Scotland Plc
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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