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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
1830 Heritage Park Plz Murfreesboro, TN 37129-1575
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1358495
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
FRAME
Total area
4,280 SF
Lot
0.69 ac (30,056 SF)
APN
080L-B-019.06-000
UPID
US80-1358495
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. Ahmed I. Farooque, MD Physician
-
Lindsay Keith, MD Cosmetic Store
-
Mid-South Psychiatric Associates Physician Medical Clinic
-
Dr. Ravi P. Singh, MD Physician
-
Joseph G. Hogan, LISW Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$875k
Owner & transaction history
1830 · 2 yrs held
1830
since 2023
Last sale
$930,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+83.3%
Retail stores
$885,000
+24.3%
Neighborhood: shopping center
$880,000
+23.6%
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
$855,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
COMMERCIAL (GENERAL)
$1,305,000
Change: +83% · Conversion: Easy
RETAIL STORES
$885,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$795,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$765,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $930k (Aug 8 2023)
Last sale anchor
$930k
Aug 8 2023
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
$204 / 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
$7,519
Tax year 2023
Assessed value
$265,800
Assessed 2024
Previous assessed
$265,800
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$113,960
Assessed improvement
$151,840
Land market value
$284,900
Improvement market value
$379,600
Total market value
$664,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
2
Total area
4,280 SF
Lot
0.69 ac (30,056 SF)
APN
080L-B-019.06-000
UPID
US80-1358495
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
OFFICE BUILDING Current
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
MEDICAL BUILDING
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$765,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1995
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
1830
Individual
Mailing address
1830 HERITAGE PARK PLZ, MURFREESBORO, TN 37129-1575
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
$930,000
1830
Mid Souht Psychiatric Real Estate G
Warranty Deed
$930,000 · Republic Bank & Trust Co
Oct 15, 2004
—
Ahmed I Farooque
Farooque,tommie A
Quit Claim Deed
related
—
Apr 10, 1995
$41,500
Ravi P Singh
Singh,ravi P Etu
Grant Deed
related
—
—
—
Mid-south Psychiatric R/e Grou
—
Deed Of Trust
related
$250,870 · Capital Bank NA
—
—
Mid South Psychiatric R/e Grou
—
Deed Of Trust
related
$260,000 · Tim J & Claudia W Durham
—
—
Mid South Psychiatric R/e Grou
—
Deed Of Trust
related
$330,000 · Firstbank 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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