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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Strip malls
2018 Medical Ctr Pkwy Murfreesboro, TN 37129-3265
Individually Owned
14-yr Hold
Free & Clear
Property ID
US80-1874804
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
FRAME
Total area
7,990 SF
Lot
1.37 ac (59,634 SF)
APN
092-027.00-000
UPID
US80-1874804
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
-
Firehouse Subs Murfreesboro Take-out & Catering Catering Service
-
The UPS Store Courier Service Postal Service
-
Mattress Gallery Direct | Murfreesboro, TN Furniture & Home Goods
-
Jireh Health Services Medical Clinic
-
TeamLogic IT Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.52M
Owner & transaction history
Ipm · 14 yrs held
Ipm
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+48.2%
Retail stores
$1.7M
+0.5%
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%
$1,785,000
6.5%
$1,645,000
7%
$1,530,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,645,000
Current use
COMMERCIAL (GENERAL)
$2,435,000
Change: +48% · Conversion: Easy
RETAIL STORES
$1,650,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,490,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,430,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$1,330,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$190 / 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
$22,945
Tax year 2023
Assessed value
$811,120
Assessed 2024
Previous assessed
$811,120
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$485,360
Assessed improvement
$325,760
Land market value
$1,213,400
Improvement market value
$814,400
Total market value
$2,027,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
6
Total area
7,990 SF
Lot
1.37 ac (59,634 SF)
APN
092-027.00-000
UPID
US80-1874804
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2010
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
6
Lot
1.37 ac
Current owner
From public records · entity-resolved
Ipm
Individual
Free & Clear · 14 yrs held
Mailing address
114 S CT SQ, MCMINNVILLE, TN 37110-2555
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2012
$900,000
Ipm
Wilson Bk & Trust
Warranty Deed
—
Aug 24, 2011
$3,750,000
Wilson Bk & Trust
Gill,gregory S
Trustees Deed
related
—
Sep 14, 2007
—
Zip Properties LLC
—
Deed Of Trust
related
$1,200,000 · Wilson Bank & Trust
Jan 3, 2006
$995,000
Zip Properties LLC
Oliver,elgin JR
Warranty Deed
$715,000 · Regions Bank
Sep 1, 2005
—
Elgin Oliver JR.
Oliver Elgin SR Trust
Quit Claim Deed
related
—
Aug 30, 2005
$200,000
Trinity Christian Church
Lee,evelyn
Warranty Deed
—
Aug 29, 2005
—
Elgin Oliver JR.
Oliver Elgin SR Trust
Quit Claim Deed
related
—
Aug 29, 2005
$500,182
Idnani Family Oaks Corner LLC
Oliver,elgin JR
Grant Deed
—
Aug 29, 2005
$400,258
Frey Family Oaks Corner LLC
Oliver,elgin JR
Grant Deed
—
Aug 29, 2005
$230,332
Brookside Oaks Corner Partners
Oliver,elgin JR
Grant Deed
—
Aug 29, 2005
$845,963
Ernest Kuhlo Fam Oaks Cnr LLC
Oliver,elgin JR
Grant Deed
—
Jul 22, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Oct 12, 2004
—
Norman G Brown JR.
Brown,shearer A
Quit Claim Deed
related
—
Jan 17, 2003
$5,483,200
Middle Tenn Medical Center
City Of Murfrees
Grant Deed
—
Jan 14, 2003
$240,000
John R Anderson III
Farrer Bros Prop
Grant Deed
—
Dec 31, 2002
$166,000
Farrar Brothers Properties
Elgin,o SR
Grant Deed
—
Sep 20, 2002
$418,500
Shearer A Brown
Oliver,elgin SR
Grant Deed
—
Aug 6, 2002
—
Oliver,elgin SR Tr
Farrer,fred H
Grant Deed
related
—
Jul 29, 2002
—
Michael F Duvall
2 Putt Realty Pt
Grant Deed
related
—
Jun 24, 2002
$250,600
Properties Farrer
Oliver,elgin SR
Grant Deed
—
Mar 18, 2002
$150,000
Fred Farrer
Oliver,elgin & J
Grant Deed
—
Feb 11, 2002
$155,000
S Properties
Oliver,elgin SR
Grant Deed
—
Feb 4, 2002
$238,000
Stewart,richard A
Oliver,elgin SR
Trustees Deed
—
Feb 4, 2002
—
Stewart,richard A
—
Trustees Deed
related
—
Apr 5, 1994
$20,000
William M Harrell
Unknown
Grant Deed
—
—
—
Zip Properties LLC
—
Deed Of Trust
related
$2,600,000 · Wilson Bank & Trust
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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