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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Outlet malls
1935 Broad St Murfreesboro, TN 37129-3222
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1039219
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1968
Total area
34,710 SF
Lot
7.1 ac (309,276 SF)
Zoning code
H-I
APN
080-004.00-000
UPID
US80-1039219
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
-
84 Lumber Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.17M
Owner & transaction history
84 Properties LLC · 2 yrs held
84 Properties LLC
since 2024
6 recorded transactions
Zoning & alternative use
H-I · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
H-I, HEAVY INDUSTRIAL DISTRICT. This industrial district is intended to provide areas in which the principal uses permitted are manufacturing, wholesaling, or warehousing and which are accessible to major transportation routes. The regulations of this district are designed to minimize the adverse impact such uses may have on nearby districts. The uses permit…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,467.46 ac
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
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±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
$91 / 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
$28,888
Tax year 2023
Assessed value
$1,021,200
Assessed 2024
Previous assessed
$1,021,200
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$546,720
Assessed improvement
$474,480
Land market value
$1,366,800
Improvement market value
$1,186,200
Total market value
$2,553,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1968
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
34,710 SF
Lot
7.1 ac (309,276 SF)
Zoning code
H-I
APN
080-004.00-000
UPID
US80-1039219
Jurisdiction
RUTHERFORD
Zoning & alternative use
H-I · Murfreesboro, TNZoning H-I · permitted uses
H-I · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
H-I, HEAVY INDUSTRIAL DISTRICT. This industrial district is intended to provide areas in which the principal uses permitted are manufacturing, wholesaling, or warehousing and which are accessible to major transportation routes. The regulations of this district are designed to minimize the adverse impact such uses may have on nearby districts. The uses permitted in this district, the special uses that may be allowed in this district, and the uses for which site plan review and approval are required are listed in Chart 1 unless otherwise regulated in this article. The minimum lot and yard requirements, maximum height, and the land use intensity ratios which govern any use in this district are listed on Chart 2 unless otherwise regulated in this article.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,467.46 ac
Building & site characteristics
From public records
Year built
1968
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
7.1 ac
Current owner
From public records · entity-resolved
84 Properties LLC
Entity
Mailing address
1019 RTE 519, EIGHTY FOUR, PA 15330-2813
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
—
84 Properties LLC
City Of Murfreesboro
Quit Claim Deed
related
—
Nov 14, 2016
$1,648,300
84 Properties LLC
Spirit Spe Portfolio 2007-2 Ll
Grant Deed
—
Dec 16, 2009
$1,725,000
Spirit Spe Portfolio 2007-2 Ll
Hardy Management Co INC
Deed Of Trust
related
$150,017,942 · Wachovia Bk Tr #2007-c33 (ct)
May 15, 2008
—
Hardy Management Co INC
—
Deed Of Trust
related
$195,000,000 · Ableco Finance LLC
Dec 21, 1992
$612,500
Hardy Real Pierce
Unknown
Grant Deed
—
Apr 26, 1988
$425,000
Wickes Lumber Company
Unknown,
Grant Deed
—
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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