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Property profile & analytics
OFF-MARKET
Estimated value
$13,725,000
Grocery and convenience stores
2034 Lascassas Pike 2050 Murfreesboro, TN 37130-1936
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2002018
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Total area
87,859 SF
Lot
14.59 ac (635,540 SF)
APN
081-055.00-000
UPID
US80-2002018
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
$15.73M
Comparable Approach
Comparable
$13.74M
Blend (final)
Blend
$13.73M
Owner & transaction history
Garrison Cove Homeowners Associatio · 4 yrs held
Garrison Cove Homeowners Associatio
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.2M
+80.7%
Medical building
$16.4M
+39.6%
Neighborhood: shopping center
$14.9M
+26.9%
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%
$17,035,000
6.5%
$15,725,000
7%
$14,600,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,720,000
Current use
AUTO REPAIR, GARAGE
$21,175,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$16,360,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,865,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$13,250,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$9,590,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$13.73M
Range $12.35M – $15.10M · ±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
$156 / 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
$123,491
Tax year 2023
Assessed value
$4,365,480
Assessed 2024
Previous assessed
$4,365,480
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$991,600
Assessed improvement
$3,373,880
Land market value
$2,479,000
Improvement market value
$8,434,700
Total market value
$10,913,700
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
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
16
Total area
87,859 SF
Lot
14.59 ac (635,540 SF)
APN
081-055.00-000
UPID
US80-2002018
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
RETAIL STORES Current
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$21.2M
MEDICAL BUILDING
Est. value
$16.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
OFFICE BUILDING
Est. value
$13.3M
WAREHOUSE, STORAGE
Est. value
$9.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
16
Lot
14.59 ac
Current owner
From public records · entity-resolved
Garrison Cove Homeowners Associatio
Individual
Free & Clear · 4 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Aug 5, 2021
—
Garrison Cove Homeowners Associatio
Kroger Limited Partnership I
Quitclaim Deed
related
—
Jul 31, 2006
—
Kroger Ltd Ptshp
Owner,record
Grant Deed
related
—
Jun 21, 2006
$130,000
Walt Suggs Builder LLC
Garrison Cove Venture
Warranty Deed
$568,800 · Pinnacle National Bank
Jul 20, 2005
$1,050,000
Cove Venture Garrison
Kroger LP I
Grant Deed
—
Jul 20, 2005
$1,460,000
LP I Kroger
Bradley,donald H JR & Genell
Grant Deed
—
Jul 1, 1994
$287,410
Donald H Bradley JR
Unknown
Grant Deed
—
—
—
Kenneth D Zagami
—
Deed Of Trust
related
$134,500 · First Tennessee Bank National
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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