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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Retail space
1862 Memorial Blvd Murfreesboro, TN 37129-1521
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0103086
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
FRAME
Total area
3,111 SF
APN
080-043.00-C-002
UPID
US80-0103086
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
-
Natural Bites (Bike/Boat/Book/etc) Store Pet Store & Service
-
Tag'z Premier Meat Shop Take-out & Catering Butcher
-
Performance Transmissions Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$735k
Owner & transaction history
Malone Holdings LLC · 5 yrs held
Malone Holdings LLC
since 2020
Last sale
$737,500
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$950,000
+47.5%
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
$915,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
RETAIL STORES
$645,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$580,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$555,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $738k (Sep 28 2020)
Last sale anchor
$738k
Sep 28 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
$236 / 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
$8,915
Tax year 2023
Assessed value
$315,160
Assessed 2024
Previous assessed
$315,160
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed improvement
$315,160
Improvement market value
$787,900
Total market value
$787,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
3,111 SF
APN
080-043.00-C-002
UPID
US80-0103086
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
RETAIL STORES Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
MEDICAL BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$555,000
OFFICE BUILDING
Est. value
$520,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2010
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Current owner
From public records · entity-resolved
Malone Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
212 OLD ORCH DR, LASCASSAS, TN 37085-4672
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
$737,500
Malone Holdings LLC
Hahn Commercial Properties LLC
Warranty Deed
—
Feb 26, 2010
—
Hahn Commercial Properties LLC
—
Trustees Deed
related
$528,318 · Mid South Bank
Dec 1, 2009
$250,000
Hahn Commercial Properties LLC
Abba Properties
Warranty Deed
$250,000 · Mid South Bank
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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