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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Strip malls
2075 Lascassas Pike Murfreesboro, TN 37130-1937
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-2392211
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
FRAME
Total area
3,600 SF
Lot
0.72 ac (31,363 SF)
APN
081J-C-014.00-000
UPID
US80-2392211
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
-
Subway Take-out & Catering
-
A & M Discount Tobacco & Beer (Bike/Boat/Book/etc) Store
-
A M Tobacco and beer . Smoke shop (Bike/Boat/Book/etc) Store Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$980k
Blend (final)
Blend
$1.01M
Owner & transaction history
Memories99 LLC · 5 yrs held
Memories99 LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$950,000
+55.8%
Auto repair, garage
$870,000
+42.4%
Medical building
$670,000
+10.0%
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
$1,005,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.03M (Jul 29 2021)
Last sale anchor
$1.03M
Jul 29 2021
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
$279 / 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
$10,177
Tax year 2023
Assessed value
$359,760
Assessed 2024
Previous assessed
$359,760
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$196,960
Assessed improvement
$162,800
Land market value
$492,400
Improvement market value
$407,000
Total market value
$899,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
ZONE
Cooling
YES
Stories
1
Units
2
Rooms
2
Bathrooms
1
Total area
3,600 SF
Lot
0.72 ac (31,363 SF)
APN
081J-C-014.00-000
UPID
US80-2392211
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
$610,000
COMMERCIAL (GENERAL)
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$870,000
MEDICAL BUILDING
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
ZONE
Cooling
Yes
Stories
1
Units
2
Rooms
2
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Memories99 LLC
Entity
Mailing address
4727 LAPIS LN, MURFREESBORO, TN 37128-2781
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
$1,025,000
Memories99 LLC
Pradeep Agnihotri
Warranty Deed
$666,250 · Wilson Bank & Trust
Mar 12, 2021
—
Pradeep Agnihotri
—
Deed
related
$250,000 · Firstbank
May 1, 2019
—
Pradeep Agnihotri
—
Deed
related
$73,620 · Franklin Synergy Bk
Feb 21, 2019
—
Pradeep Agnihotri
—
Deed
related
$750,000 · Franklin Synergy Bank
Jun 12, 2006
—
Ole South Properties INC
Pitts,james B
Quit Claim Deed
related
—
Oct 26, 2005
$360,000
Pradeep Agnihotri
Pitts,james B
Grant Deed
$270,000 · Pinnacle National Bank
Aug 4, 2004
—
James B Pitts
Ole South Properties INC
Quit Claim Deed
related
—
—
—
Pradeep Agnihotri
—
Deed Of Trust
related
$750,000 · Franklin Synergy Bk
—
—
Pradeep Agnihotri
—
Loan Modification
related
$73,620 · Franklin Synergy 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.
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