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Property profile & analytics
OFF-MARKET Estimated value $3,905,000
Strip malls

1911 Old Ft Pkwy 2047 Murfreesboro, TN 37129-6905

19,440 SF 19.62 ac lot Built 1998
Entity Owned 8-yr Hold Free & Clear
Property ID
US80-1816473
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Construction FRAME
Total area 19,440 SF
Lot 19.62 ac (854,647 SF)
Zoning code CH
APN 092M-A-004.00-000
UPID US80-1816473
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
  • T.J. Maxx Clothing Store Children'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.01M
Comparable Approach Comparable
$4.29M
Blend (final) Blend
$3.91M
Owner & transaction history
North Warson Associates-tc LLC · 8 yrs held
North Warson Associates-tc LLC
since 2017
4 recorded transactions
2017
$18.4M
2017
Price N/A
2012
$14.6M
2011
Price N/A
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CH, HIGHWAY COMMERCIAL DISTRICT. This district is intended to permit the development and continued maintenance of general commercial uses located in a linear fashion along highways and near transportation facilities and industrial areas. The uses permitted in this district, the special uses that may be allowed in this district and the uses for which site pla…

Zone name Highway Commercial District
General category INDUSTRIAL
Zone area 3,999.90 ac
Top alternative use upside
Commercial (general) $5.9M +48.2%
Retail stores $4.0M +0.5%
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