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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Hotels
1850 Old Ft Pkwy Murfreesboro, TN 37129-3363
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1466456
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
38,329 SF
Lot
5.7 ac (248,292 SF)
Zoning code
CH
APN
091I-A-002.00-000
UPID
US80-1466456
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
-
DoubleTree by Hilton Hotel Murfreesboro Hotel & Motel
-
Blink Charging Station Grocery & Convenience Store
-
adams place Housing Society
-
Driving Successful Lives Murfreesboro Association Or Organization
-
Burger Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.13M
Owner & transaction history
Gp Johnson City LP · 5 yrs held
Gp Johnson City LP
since 2020
4 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+2.3%
Auto repair, garage
$3.4M
+0.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,380,000
Current use
RETAIL STORES
$3,455,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,385,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±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
$55 / 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
$109,758
Tax year 2023
Assessed value
$3,880,000
Assessed 2024
Previous assessed
$3,880,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$846,400
Assessed improvement
$3,033,600
Land market value
$2,116,000
Improvement market value
$7,584,000
Total market value
$9,700,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Heating
ZONE
Cooling
YES
Stories
1
Units
168
Rooms
168
Bathrooms
170
Total area
38,329 SF
Lot
5.7 ac (248,292 SF)
Zoning code
CH
APN
091I-A-002.00-000
UPID
US80-1466456
Jurisdiction
RUTHERFORD
Zoning & alternative use
CH · Murfreesboro, TN
Zoning CH · permitted uses
CH · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murfreesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.4M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
HOTEL/MOTEL Current
RETAIL STORES
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
1988
Heating
ZONE
Cooling
Yes
Stories
1
Units
168
Rooms
168
Bathrooms
170
Lot
5.7 ac
Current owner
From public records · entity-resolved
Gp Johnson City LP
Entity
Mailing address
1661 AARON BRENNER DR, MEMPHIS, TN 38120-1468
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2020
—
Gp Johnson City LP
—
Deed
related
$104,300,000 · Wells Fargo Bk
Sep 11, 2017
—
Gp Murfreesboro LP
—
Deed
related
$104,300,000 · Jp Morgan Chase Bk
—
—
Gp Murfreesboro LP
—
Deed Of Trust
related
$104,300,000 · Jp Morgan Chase Bk
—
—
Gp Johnson City LP
—
Loan Modification
related
$104,300,000 · Wells Fargo Bk
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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