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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Grocery and convenience stores
2033 Lascassas Pike 2063 Murfreesboro, TN 37130-1937
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0986825
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Total area
49,670 SF
Lot
7.5 ac (326,700 SF)
Zoning code
CH
APN
081J-C-011.00-000
UPID
US80-0986825
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$5.24M
Owner & transaction history
Sunshine Invs LLC · 7 yrs held
Sunshine Invs LLC
since 2019
7 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.4M
+26.9%
Office building
$7.5M
+13.1%
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
Alternative Use
Use
Estimation
RETAIL STORES
$6,625,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,405,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$7,490,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$5,420,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±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
$105 / 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
$53,398
Tax year 2023
Assessed value
$1,887,640
Assessed 2024
Previous assessed
$1,887,640
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$783,160
Assessed improvement
$1,104,480
Land market value
$1,957,900
Improvement market value
$2,761,200
Total market value
$4,719,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
7
Bathrooms
12
Total area
49,670 SF
Lot
7.5 ac (326,700 SF)
Zoning code
CH
APN
081J-C-011.00-000
UPID
US80-0986825
Jurisdiction
RUTHERFORD
Zoning & alternative use
CH · Murfreesboro, TN
Zoning CH · permitted uses
CH · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murfreesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$5.4M
RETAIL STORES Current
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
7
Bathrooms
12
Lot
7.5 ac
Current owner
From public records · entity-resolved
Sunshine Invs LLC
Entity
Mailing address
4225 NOLENSVILLE PIKE, NASHVILLE, TN 37211-4716
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2019
—
Sunshine Investment LLC
—
Deed
related
$2,592,500 · Pinnacle Bank
Jul 10, 2019
$3,050,000
Sunshine Invs LLC
Lprs Corp
Grant Deed
—
Oct 21, 2016
—
Lprs Corp
—
Deed
related
$2,900,000 · Miscellaneous Ins Co
Dec 14, 2005
$5,300,000
Lprs Corp
Northfield Associates
Warranty Deed
—
—
—
Sunshine Investment LLC
—
Deed Of Trust
related
$2,592,500 · Pinnacle Bk
—
—
Lprs Corp
—
Deed Of Trust
related
$2,900,000 · Miscellaneous Ins Co
—
—
Lprs Corp
—
Deed Of Trust
related
$3,650,000 · Symetra Life Insurance Co
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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