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Property profile & analytics
OFF-MARKET
Estimated value
$11,510,000
Medical Office Space
1747 Medical Ctr Pkwy Murfreesboro, TN 37129-2563
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0817801
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
45,918 SF
Lot
3.02 ac (131,551 SF)
Zoning code
L-I
APN
091H-B-003.00-000
UPID
US80-0817801
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
-
Dr. Robin Hobbs Dental Office
-
Sheats Endodontic Group Dental Office
-
RON Blockley Family Dentistry: Pothuluri Nimin J DDS Dental Office
-
Spencer Jr Harvey L DDS Dental Office
-
Habeeb Miriam H DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.43M
CAP Approach
CAP
$8.61M
Comparable Approach
Comparable
$9.56M
Blend (final)
Blend
$11.51M
Owner & transaction history
1747 Medical Centtter Icjv LLC · 5 yrs held
1747 Medical Centtter Icjv LLC
since 2020
Last sale
$12.2M
7 recorded transactions
Zoning & alternative use
L-I · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
L-I (Light Industrial) when such land is developed with a use identified as Industrial in Chart 1 of Appendix A - Zoning. (L) Buffer Zone and Screening Requirements. (1) Buffer Zones Requirements. (a) Buffer zones are intended to separate different land uses and zoning districts from each other and are intended to eliminate or minimize potential nuisances su…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,126.99 ac
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
$15,080,000
ML approach
$11,430,000
CAP Approach
CAP Return
Estimation
6%
$9,325,000
6.5%
$8,610,000
7%
$7,995,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,550,000
Current use
COMMERCIAL (GENERAL)
$14,000,000
Change: +64% · Conversion: Easy
RETAIL STORES
$9,495,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,445,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,225,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$7,640,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$11.51M
Range $10.36M – $12.66M · ±10% · vs last sale $12.19M (Aug 10 2020)
Last sale anchor
$12.19M
Aug 10 2020
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
$251 / 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
$145,868
Tax year 2023
Assessed value
$5,156,520
Assessed 2024
Previous assessed
$5,156,520
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$690,320
Assessed improvement
$4,466,200
Land market value
$1,725,800
Improvement market value
$11,165,500
Total market value
$12,891,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
ZONE
Cooling
YES
Stories
3
Units
1
Bathrooms
10
Total area
45,918 SF
Lot
3.02 ac (131,551 SF)
Zoning code
L-I
APN
091H-B-003.00-000
UPID
US80-0817801
Jurisdiction
RUTHERFORD
Zoning & alternative use
L-I · Murfreesboro, TNZoning L-I · permitted uses
L-I · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
L-I (Light Industrial) when such land is developed with a use identified as Industrial in Chart 1 of Appendix A - Zoning. (L) Buffer Zone and Screening Requirements. (1) Buffer Zones Requirements. (a) Buffer zones are intended to separate different land uses and zoning districts from each other and are intended to eliminate or minimize potential nuisances such as dirt, litter, noise, glare of lights, signs, and unsightly buildings or parking areas. Buffer zone types are determined by five different levels based on zoning districts. The zoning districts have been divided into the following levels: Residential Districts
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,126.99 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.6M
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
2007
Heating
ZONE
Cooling
Yes
Stories
3
Units
1
Bathrooms
10
Lot
3.02 ac
Current owner
From public records · entity-resolved
1747 Medical Centtter Icjv LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6910 N CENTRAL EXPY #1400, DALLAS, TX 75206-3909
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2020
$12,185,000
1747 Medical Centtter Icjv LLC
Physicians Plaza Of Murpreesboro II
Special Warranty Deed
—
Aug 10, 2020
—
1747 Medical Center Iciv LLC
—
Deed
related
$7,440,000 · First Citizens Bk
Nov 13, 2006
$930,000
Physicians Plaza Of Murfreesboro
Biscan,robert S
Grant Deed
$6,592,521 · Wilson Bank & Trust
Aug 16, 2005
$722,000
Robert S Biscan
Gom Partners
Warranty Deed
$675,000 · Wilson Bank & Trust
Aug 16, 2005
$649,929
Gom Partners
City Of Murfreesboro Tennessee
Warranty Deed
—
—
—
1747 Medical Center Iciv LLC
—
Deed Of Trust
related
$7,440,000 · First Citizens Bk
—
—
Physicians Plaza Of Murfreesboro
—
Deed Of Trust
related
$185,000 · Wilson Bank & Trust
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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