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    1720 Old Fort Pkwy Murfreesboro, TN 37129
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    Property profile & analytics

    1720 Old Fort Pkwy, Murfreesboro, TN 37129

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    • Super regional malls
    • 74,340 SF
    • 8.77 lot acres
    Retail Space in Stones River For Lease
    $15,255,000

    Retail Space in Stones River

    Enclosed mall with open-air lifestyle component in Murfreesboro, TN.

    1720 Old Fort Pkwy, Murfreesboro, TN 37129
    View Listing
    Property ID
    US80-2173452
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hot Topic / Clothing Store / Fashion Accessories Store
    • Dillard's / Clothing & Fashion Store
    • rue21 / Clothing Store / Fashion Accessories Store
    • Journeys / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Crab Fever Murfreesboro / Restaurant

    Property Details for 1720 Old Fort Pkwy

    Year built
    2007
    Lot size
    8.77 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    091I-A-018.03-000
    APU
    091IA01803000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2021 $6,830,000 Ctl Propco LLC J C Penney Properties LLC Special Warranty Deed —
    Jan 25, 2018 — Svap II Stones River LLC — Grant Deed · related $30M · Franklin Synergy Bk
    Aug 9, 2016 — J C Penney Properties INC — Deed · related $500M · * Other Institutional Lenders
    Mar 11, 2015 $42,000,000 Svap II Stones River LLC Aslan III Stones River LLC Grant Deed —
    Jun 29, 2010 — Transwestern Stones River LLC — Grant Deed · related $87.9M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $16,595,000
      6.5%
      $15,315,000
      7%
      $14,220,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,643,000
      Market price range: $7.42M - $23.5M
      AI Estimate
      $10,808,000
      Market price range: $2.50M - $16.4M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $15,290,000
      Current use
      COMMERCIAL (GENERAL)
      $22,665,000
      Change: +48% Conversion: Easy
      RETAIL STORES
      $15,370,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $13,840,000
      Change: -9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $13,315,000
      Change: -13% Conversion: Difficult
      OFFICE BUILDING
      $12,370,000
      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
    -86.42
    Latitude
    35.85
    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
    $162,939
    $1,000,000
    $4,760,000
    $5,760,000
    -
    $2,500,000
    $11,900,000
    $14,400,000
    View Listing
    More about this property
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