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    Property profile & analytics

    1801 Memorial Blvd Murfreesboro, TN 37129-1522

    • Drug stores
    • 5,657 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Last Sale
    Feb 23, 2022
    $250,000
    Location Intelligence
    Property ID
    US80-1044676
    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

    • Reeves-Sain Drug Store / Drug Store / Medical Supply Store
    • Ronald Whaley / Pharmacy
    • Sarah Frank / Pharmacy
    • Cindy Smith / Pharmacy
    • Laurie Wamack / Pharmacy

    Property Details for 1801 Memorial Blvd

    Year built
    1984
    Lot size
    0.37 lot acres
    Property size
    5,657 SF
    Property type
    Drug stores
    APN
    080L-A-001.02-000
    APU
    080LA00102000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $225,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $270,000
      Mixed-Use
      $255,000
      Hospitality
      $295,000
      Educational
      $230,000
      Residential Income
      $220,000
      Energy
      $275,000
      Income-Based Land
      $255,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3862
    Latitude
    35.871
    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
    $6,512
    $110,520
    $119,680
    $230,200
    -
    $276,300
    $299,200
    $575,500

    Comparable in this City

    • Value Estimation
      $2,775,000
      14,375 SF

      2485 Memorial Blvd

      DRUG STORE, PHARMACY • 14,375 SF
      2485 Memorial Blvd, Murfreesboro, TN 37129-5110
      View Details
    • Value Estimation by Request
      13,680 SF

      106 Northfield Blvd

      DRUG STORE, PHARMACY • 13,680 SF
      106 Northfield Blvd, Murfreesboro, TN 37129-1561
      View Details
    • Value Estimation by Request
      14,358 SF

      2006 Medical Ctr Pkwy

      DRUG STORE, PHARMACY • 14,358 SF
      2006 Medical Ctr Pkwy, Murfreesboro, TN 37129-3186
      View Details
    • Value Estimation by Request
      14,509 SF

      3389 Memorial Blvd

      DRUG STORE, PHARMACY • 14,509 SF
      3389 Memorial Blvd, Murfreesboro, TN 37129-5257
      View Details
    • Value Estimation by Request
      10,855 SF

      1331 Memorial Blvd

      DRUG STORE, PHARMACY • 10,855 SF
      1331 Memorial Blvd, Murfreesboro, TN 37129-2422
      View Details
    • Value Estimation by Request
      2,134 SF

      155 Jefferson Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,134 SF
      155 Jefferson Pike, Murfreesboro, TN 37129-7715
      View Details

    Similar Nearby for Sale

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      High-traffic retail property with showroom, offices, and warehouse space.
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      Freestanding retail building in high-traffic Murfreesboro location.
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    Similar Nearby for Lease

    • $40 SF/Yr
      1,790 SF

      Retail Space in High-Traffic Area

      Retail space anchored by Starbucks with high visibility and accessibility.
      1641 Memorial Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      2,691 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in Murfreesboro, near university and hospital.
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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
    • Contact for pricing
      1,740 SF

      Regional Shopping Center Retail Space

      Retail space available in Murfreesboro's dominant open-air shopping center.
      2615 Medical Center Pkwy, Murfreesboro, TN 37129
      View Details
    • $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
    • Contact for pricing
      2,150 SF

      Retail Space in Class A Center

      Class A shopping center with high retail sales volume.
      1851 Old Fort Pkwy, Murfreesboro, TN 37129
      View Details
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    Murfreesboro, TN 37129-1522
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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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