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    Property profile & analytics

    1745 Old Ft Pkwy Murfreesboro, TN 37129-3338

    • Turn key restaurants
    • 10,782 SF
    • 2.11 lot acres
    OFF-MARKET
    Value Estimation
    $3,575,000
    Last Sale
    Dec 14, 2023
    $3,755,166
    Location Intelligence
    Property ID
    US80-1848302
    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.

    Current Use by Public Records

    • Red Lobster / Seafood Restaurant / American Restaurant

    Property Details for 1745 Old Ft Pkwy

    Year built
    1987
    Construction
    FRAME
    Lot size
    2.11 lot acres
    Property size
    10,782 SF
    Property type
    Turn key restaurants
    APN
    091-017.00-000
    APU
    9101700000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,095,000
      6.5%
      $3,975,000
      7%
      $3,840,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,400,000
      Geo Method
      $4,150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,620,000
      Retail
      $4,015,000
      Mixed-Use
      $4,385,000
      Hospitality
      $4,260,000
      Educational
      $3,800,000
      Residential Income
      $3,835,000
      Energy
      $3,730,000
      Income-Based Land
      $4,025,000
      Food Service
      $3,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4194
    Latitude
    35.8453
    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
    $31,356
    $522,080
    $579,440
    $1,101,520
    -
    $1,305,200
    $1,448,600
    $2,753,800

    Comparable in this City

    • Value Estimation by Request
      1,298 SF

      3714 Jefferson Pike

      RESTAURANT • 1,298 SF
      3714 Jefferson Pike, Murfreesboro, TN 37129-7477
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    • Value Estimation by Request
      7,676 SF

      2455 Medical Ctr Pkwy

      RESTAURANT • 7,676 SF
      2455 Medical Ctr Pkwy, Murfreesboro, TN 37129-2395
      View Details
    • Value Estimation
      $2,310,000
      7,468 SF

      1710 Old Ft Pkwy

      RESTAURANT • 7,468 SF
      1710 Old Ft Pkwy, Murfreesboro, TN 37129-3351
      View Details
    • Value Estimation
      $340,000
      686 SF

      620 Brg Ave

      RESTAURANT • 686 SF
      620 Brg Ave, Murfreesboro, TN 37129-3322
      View Details
    • Value Estimation by Request
      7,083 SF

      730 Broad St

      RESTAURANT • 7,083 SF
      730 Broad St, Murfreesboro, TN 37129-2796
      View Details
    • Value Estimation
      $410,000
      4,805 SF

      3359 Memorial Blvd

      RESTAURANT • 4,805 SF
      3359 Memorial Blvd, Murfreesboro, TN 37129-5257
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $25 SF/Yr
      8,000 SF

      Turn-Key Restaurant Space Available

      Second-generation restaurant space with existing infrastructure on NW Broad Street.
      730 Northwest Broad St, Murfreesboro, TN 37129
      View Details
    • $35 SF/Yr
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      Sanders Corner Retail Spaces For Lease

      Prime Rutherford County retail opportunity. Five spaces available.
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      Retail Space in Class A Center

      Class A shopping center with high retail sales volume.
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      607,886 SF

      Stones River Town Centre Retail Space

      Prime Murfreesboro retail & office space available.
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      Retail Space Near VA Hospital

      Retail space in growing Murfreesboro, near Nashville and major employers.
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      View Details
    • $28 SF/Yr
      2,000 SF

      Retail Space in Memorial Shops

      Retail space for lease in Murfreesboro, Tennessee.
      2445 Memorial Blvd, Murfreesboro, TN 37129
      View Details
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    Murfreesboro, TN 37129-3338
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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