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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
1912 Main St Murfreesboro, TN 37130-4012
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0780132
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
2,859 SF
Lot
0.8 ac (34,848 SF)
APN
103B-A-007.00-000
UPID
US80-0780132
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
-
AAAA Bail Bonding Law Firm
-
CTR Towing & Recovery LLC Auto Repair Shop
-
Griffin Strategies Consultant Advertising Agency
-
Anchest Auto Glass of Murfreesboro Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$510k
Owner & transaction history
Citpeks LLC · 4 yrs held
Citpeks LLC
since 2022
Last sale
$505,576
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+97.7%
Auto repair, garage
$690,000
+80.7%
Medical building
$530,000
+39.6%
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
$550,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
RETAIL STORES
$380,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +98% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$430,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$310,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $506k (Apr 22 2022)
Last sale anchor
$506k
Apr 22 2022
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
$178 / 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
$4,413
Tax year 2023
Assessed value
$156,000
Assessed 2024
Previous assessed
$156,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$65,880
Assessed improvement
$90,120
Land market value
$164,700
Improvement market value
$225,300
Total market value
$390,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
2,859 SF
Lot
0.8 ac (34,848 SF)
APN
103B-A-007.00-000
UPID
US80-0780132
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
$380,000
COMMERCIAL (GENERAL)
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$485,000
OFFICE BUILDING
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$310,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1950
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Citpeks LLC
Entity
Mailing address
8029 HUTSON RD, CHRISTIANA, TN 37037-5112
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$505,576
Citpeks LLC
Main Street Developers
Special Warranty Deed
$404,460 · Swanson Developments LP
Sep 29, 2021
$395,000
Arthur Hutson
Main Street Developers
Warranty Deed
$370,000 · Steve Farrer
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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