Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$16,150,000
Medical Office Space
1840 Medical Ctr Pkwy Ste 101 Murfreesboro, TN 37129-3237
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-2070372
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
FRAME
Total area
111,652 SF
Lot
0.83 ac (36,155 SF)
APN
092-017.00-002
UPID
US80-2070372
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.94M
Comparable Approach
Comparable
$16.22M
Blend (final)
Blend
$16.15M
Owner & transaction history
Pmak Murfreesboro LLC · 6 yrs held
Pmak Murfreesboro LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$23.1M
+11.0%
Neighborhood: shopping center
$23.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,680,000
6.5%
$20,935,000
7%
$19,440,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$20,790,000
Current use
RETAIL STORES
$23,080,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,965,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,000,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$18,575,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$16.15M
Range $14.54M – $17.77M · ±10%
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
$145 / 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
$247,417
Tax year 2023
Assessed value
$8,746,360
Assessed 2024
Previous assessed
$8,746,360
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$728,640
Assessed improvement
$8,017,720
Land market value
$1,821,600
Improvement market value
$20,044,300
Total market value
$21,865,900
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
2011
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
111,652 SF
Lot
0.83 ac (36,155 SF)
APN
092-017.00-002
UPID
US80-2070372
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
$20.8M
RETAIL STORES
Est. value
$23.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.0M
AUTO REPAIR, GARAGE
Est. value
$20.0M
OFFICE BUILDING
Est. value
$18.6M
MEDICAL BUILDING Current
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
2011
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Pmak Murfreesboro LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2204 LAKESHORE DR STE #215, BIRMINGHAM, AL 35209-8846
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
—
Murfreesboro Tn Medical Prop L
—
Deed
related
—
Jan 2, 2020
—
Pmak Murfreesboro LLC
Murfreesboro Tn Medical Properties
Quit Claim Deed
related
—
Jun 6, 2016
—
Murfreesboro Tn Medical Props
—
Deed
related
$32,020,327 · Other Institutional Lenders
—
—
Murfreesboro Tn Medical Prop L
—
Deed Of Trust
related
—
—
—
Murfreesboro Tn Medical Props
—
Deed Of Trust
related
$32,020,327 · Other Institutional Lenders
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1840 Medical Ctr Pkwy Ste, Unit 101?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
