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Property profile & analytics
OFF-MARKET
Estimated value
$25,100,000
Assisted living facilities
211 Fortress Blvd Murfreesboro, TN 37128-5270
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-2943629
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Construction
FRAME
Total area
190,594 SF
Lot
9.7 ac (422,532 SF)
APN
092-044.12-000
UPID
US80-2943629
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
-
Harmony at Victory Station Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.10M
Owner & transaction history
Vtr Victory Station LLC · 1 yrs held
Vtr Victory Station LLC
since 2024
Last sale
$25.1M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$40.1M
+228.8%
Office building
$23.8M
+95.0%
Restaurant
$23.5M
+92.2%
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
$25,100,000
ML approach
$25,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$40,120,000
Change: +229% · Conversion: Difficult
OFFICE BUILDING
$23,800,000
Change: +95% · Conversion: Difficult
RESTAURANT
$23,450,000
Change: +92% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,895,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$20,430,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,550,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$25.10M
Range $22.59M – $27.61M · ±10% · vs last sale $25.10M (Nov 12 2024)
Last sale anchor
$25.10M
Nov 12 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
$132 / 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
$274,072
Tax year 2023
Assessed value
$9,688,640
Assessed 2024
Previous assessed
$9,688,640
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$741,680
Assessed improvement
$8,946,960
Land market value
$1,854,200
Improvement market value
$22,367,400
Total market value
$24,221,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
HEAT PUMP
Total area
190,594 SF
Lot
9.7 ac (422,532 SF)
APN
092-044.12-000
UPID
US80-2943629
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
COMMERCIAL (GENERAL)
Est. value
$40.1M
OFFICE BUILDING
Est. value
$23.8M
RESTAURANT
Est. value
$23.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.9M
MEDICAL BUILDING
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$18.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2017
Construction
FRAME
Heating
HEAT PUMP
Lot
9.7 ac
Current owner
From public records · entity-resolved
Vtr Victory Station LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4423 PHEASANT RDG RD STE #301, ROANOKE, VA 24014-5300
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$25,100,000
Vtr Victory Station LLC
Murfreesboro Il Al Investors LLC
Warranty Deed
—
Dec 20, 2018
—
Murfreesboro Jl-al Invtrs LLC
—
Grant Deed
related
$34,497,430 · M&t 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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