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Property profile & analytics
OFF-MARKET
Estimated value
$11,260,000
Medical Office Space
1725 Medical Ctr Pkwy Murfreesboro, TN 37129-2247
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-0844695
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
45,798 SF
Lot
3.04 ac (132,422 SF)
APN
091H-B-002.00-000
UPID
US80-0844695
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
-
Hardison Mark F DDS Dental Office
-
Athena Psychiatry Services Medical Clinic
-
Wind Brian M PhD Physician Medical Clinic
-
Dr. Fenton P. Hardison, DDS Dental Office
-
Dr. Paul J. Warden, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.51M
CAP Approach
CAP
$8.59M
Comparable Approach
Comparable
$9.55M
Blend (final)
Blend
$11.26M
Owner & transaction history
Hsre Sg I Gp · 4 yrs held
Hsre Sg I Gp
since 2021
Last sale
$14.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.0M
+63.8%
Retail stores
$9.5M
+11.0%
Neighborhood: shopping center
$9.4M
+10.5%
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
$14,300,000
ML approach
$10,510,000
CAP Approach
CAP Return
Estimation
6%
$9,305,000
6.5%
$8,585,000
7%
$7,975,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,525,000
Current use
COMMERCIAL (GENERAL)
$13,965,000
Change: +64% · Conversion: Easy
RETAIL STORES
$9,470,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,420,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,205,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$7,620,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$11.26M
Range $10.13M – $12.39M · ±10% · vs last sale $14.60M (Sep 2 2021)
Last sale anchor
$14.60M
Sep 2 2021
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
$246 / 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
$145,740
Tax year 2023
Assessed value
$5,152,000
Assessed 2024
Previous assessed
$5,152,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$692,120
Assessed improvement
$4,459,880
Land market value
$1,730,300
Improvement market value
$11,149,700
Total market value
$12,880,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Heating
ZONE
Cooling
YES
Stories
3
Units
1
Bathrooms
12
Total area
45,798 SF
Lot
3.04 ac (132,422 SF)
APN
091H-B-002.00-000
UPID
US80-0844695
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
MEDICAL BUILDING Current
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$14.0M
RETAIL STORES
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2006
Heating
ZONE
Cooling
Yes
Stories
3
Units
1
Bathrooms
12
Lot
3.04 ac
Current owner
From public records · entity-resolved
Hsre Sg I Gp
Individual
Free & Clear · 4 yrs held
Mailing address
444 W LK ST STE #2100, CHICAGO, IL 60606-0069
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
$14,600,000
Hsre Sg I Gp
Asmi 1725 Medical Owner LLC
Special Warranty Deed
—
Dec 5, 2017
$11,688,800
Asmi 1725 Medical Owner LLC
Gateway I Cg LLC
Trustees Deed
$29,500,000 · Cit Bk NA
Nov 14, 2007
$1,750,000
Gateway I Cg LLC
Physicians Plaza Of Murfreesboro
Deed Of Trust
related
$7,725,000 · Key Bank & Trust
May 27, 2005
$930,000
Physicians Plaza Of Murfreesboro
Biscan,robert S
Grant Deed
$6,436,590 · Suntrust Bank NA
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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