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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Office buildings
1980 Old Ft Pkwy Murfreesboro, TN 37129-6928
Entity Owned
Free & Clear
Property ID
US80-1565446
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
FRAME
Total area
15,728 SF
Lot
0.88 ac (38,333 SF)
APN
091I-A-001.02-000
UPID
US80-1565446
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
-
Julie Perkins, Coldwell Banker Barnes Real Estate Agency
-
OBrien Loyd LLC Construction Company General Contractor
-
Karen Milligan - CMG Home Loans Loan Service Bank
-
Meagan Grissom Realtor of Middle TN Real Estate Agency
-
Justin Bryant, Coldwell Banker Barnes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Old Fort Properties LLC
Old Fort Properties LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$84 / 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
$25,554
Tax year 2023
Assessed value
$903,360
Assessed 2024
Previous assessed
$903,360
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$268,640
Assessed improvement
$634,720
Land market value
$671,600
Improvement market value
$1,586,800
Total market value
$2,258,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
1
Bathrooms
10
Total area
15,728 SF
Lot
0.88 ac (38,333 SF)
APN
091I-A-001.02-000
UPID
US80-1565446
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
Building & site characteristics
From public records
Year built
1979
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
1
Bathrooms
10
Lot
0.88 ac
Current owner
From public records · entity-resolved
Old Fort Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
393 HARDING PL #205, NASHVILLE, TN 37211
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$1,265,000
Old Fort Properties LLC
David Barnes
Warranty Deed
—
Apr 12, 2021
—
David R Barnes
David R Barnes Properties LLC
Quit Claim Deed
related
—
Dec 14, 2020
—
O Brien Loyd LLC
L Venture O'brien
Quit Claim Deed
related
—
Sep 14, 2020
—
Michaels Homes LLC
—
Deed
related
$365,971 · Southern Bk/tn
Sep 4, 2020
—
Michaels Homes LLC
—
Deed
related
$313,800 · Franklin Synergy Bk
Aug 17, 2020
—
Michaels Homes LLC
—
Deed
related
$263,400 · Reliant Bk
Mar 6, 2019
—
David Barnes
—
Deed
related
$4,315,783 · Pinnacle Bk
Aug 3, 2018
—
Obrien Loyd LLC
Venture,obrien L
Quit Claim Deed
related
—
Jul 5, 2018
$300,000
Michaels Homes LLC
Ragsdale,david & Allison
Warranty Deed
—
May 30, 2018
—
Obrien Loyd LLC
Venture,obrien L
Quit Claim Deed
related
—
Nov 4, 2002
$1,162,080
David Barnes
Wall,howard D
Grant Deed
—
—
—
David Barnes
—
Loan Modification
related
$4,315,783 · Pinnacle Bk
—
—
Barnes,david
—
Deed Of Trust
related
$4,364,413 · Avenue Bk
—
—
David R Barnes
—
Deed Of Trust
related
$3,700,000 · Primetrust Bank
—
—
Michaels Homes LLC
—
Deed Of Trust
related
$365,971 · Southern Bk/tn
—
—
Michaels Homes LLC
—
Deed Of Trust
related
$313,800 · Franklin Synergy Bk
—
—
Michaels Homes LLC
—
Deed Of Trust
related
$259,000 · Reliant Bk
—
—
Michaels Homes LLC
—
Deed Of Trust
related
$263,400 · Reliant 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.
Try Rey
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