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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Office buildings
201 Main St Murfreesboro, TN 37130-3728
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3178302
Property summary
AI-generated overview
This exceptional commercial property, located at 201 E Main St, Murfreesboro, TN 37130, offers up to ±10,913 square feet of retail and office space for lease. Situated in the heart of Historic Murfreesboro, this four-story building boasts a prime location just off the historic square, providing excellent visibility and walkability. The 60,193 square foot building, constructed in 1978, sits on a 1.77-acre lot and features a traditional office layout suitable for a variety of businesses. The property includes 50 parking spaces and elevators for convenient access to all four floors. Its central business district (CBD) zoning allows for diverse commercial uses. The building's convenient location offers easy access to Interstate 24, major retail centers, and numerous amenities. This is a rare opportunity to secure space in a highly desirable, established location within a vibrant and thriving community. The property's address is 201 E Main St, with a cross street of Spring St, and its APN is R0056127 in Rutherford County. The building's former tenant was Truist Bank. This is a multiple tenancy building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
FRAME
Total area
52,193 SF
Lot
1.77 ac (77,101 SF)
APN
091M-D-012.00-000
UPID
US80-3178302
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
-
Truist Mortgage Bank Loan Service
-
Neel-Schaffer General Contractor
-
YonderWorks Software by nLync (Bike/Boat/Book/etc) Store Corporate Office
-
Monika Ridley Law Consultant
-
Murfreesboro Symphony Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$5.20M
Owner & transaction history
4 Mac Properties LLC · 2 yrs held
4 Mac Properties LLC
since 2024
Last sale
$5.2M
4 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
Method
Estimation
Statistic approach
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,870,000
Current use
RETAIL STORES
$6,960,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Apr 18 2024)
Last sale anchor
$5.20M
Apr 18 2024
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
$100 / 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
$50,170
Tax year 2023
Assessed value
$1,773,520
Assessed 2024
Previous assessed
$1,773,520
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$414,320
Assessed improvement
$1,359,200
Land market value
$1,035,800
Improvement market value
$3,398,000
Total market value
$4,433,800
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
1978
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
67
Bathrooms
51
Total area
52,193 SF
Lot
1.77 ac (77,101 SF)
APN
091M-D-012.00-000
UPID
US80-3178302
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
OFFICE BUILDING Current
Est. value
$7.9M
RETAIL STORES
Est. value
$7.0M
OFFICE BUILDING Current
RETAIL STORES
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
1978
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
67
Bathrooms
51
Lot
1.77 ac
Current owner
From public records · entity-resolved
4 Mac Properties LLC
Entity
Mailing address
120 E MAIN ST STE #210, MURFREESBORO, TN 37130-3782
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$5,200,000
4 Mac Properties LLC
Mboro Reopp LP
Special Warranty Deed
—
Jan 23, 2019
$3,900,000
Mboro Reopp LP
Southeast Stb Portfolio LLC
Grant Deed
—
Jan 2, 2008
$3,296,981
Southeast Stb Portfolio LLC
Suntrust Bank
Grant Deed
—
Jan 2, 2008
—
Southeast Stb Portfolio LLC
Suntrust Bank
Deed Of Trust
related
$82,300,000 · General Electric Capital Corp
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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