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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Office buildings
2115 Broad St Murfreesboro, TN 37129-3228
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0050840
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Construction
FRAME
Total area
11,367 SF
Lot
1.99 ac (86,684 SF)
APN
079-040.00-000
UPID
US80-0050840
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
-
Huddleston-Steele Engineering General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.20M
Owner & transaction history
Swanson Development LP · 1 yrs held
Swanson Development LP
since 2024
Last sale
$19,274
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+83.3%
Retail stores
$2.4M
+24.3%
Neighborhood: shopping center
$2.3M
+23.6%
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
OFFICE BUILDING
$1,890,000
Current use
COMMERCIAL (GENERAL)
$3,465,000
Change: +83% · Conversion: Easy
RETAIL STORES
$2,350,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,340,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$2,115,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,035,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $19k (Aug 16 2024)
Last sale anchor
$19k
Aug 16 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
$194 / 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
$23,297
Tax year 2023
Assessed value
$823,560
Assessed 2024
Previous assessed
$823,560
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$232,920
Assessed improvement
$590,640
Land market value
$582,300
Improvement market value
$1,476,600
Total market value
$2,058,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
11,367 SF
Lot
1.99 ac (86,684 SF)
APN
079-040.00-000
UPID
US80-0050840
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
OFFICE BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2010
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.99 ac
Current owner
From public records · entity-resolved
Swanson Development LP
Entity
Free & Clear · 1 yrs held
Mailing address
1188 PARK AVE, MURFREESBORO, TN 37129-4912
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
32 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
$19,274
Swanson Development LP
Amanda Priore
Special Warranty Deed
—
Jun 17, 2024
—
George Edward Patterson
Mildred Manning
Quit Claim Deed
related
—
Feb 16, 2024
—
Robert O Anderton
Robert O Anderton
Intrafamily Transfer
related
—
Nov 29, 2023
—
Roger E Smith
Share B Of Duncan M Smith & Helen T
Intrafamily Transfer
related
—
May 23, 2023
$1,290,000
Michael Moore
Livesay Properties INC
Warranty Deed
$1,032,000 · Liberty FCU
May 10, 2023
$305,000
Satishkumar D Patel
Thomas W Ogles
Warranty Deed
—
May 8, 2023
—
Rosanne Richardson
Dwajuan Howse
Intrafamily Transfer
related
—
May 2, 2023
$122,166
Dorris Davenport JR
Joseph Jordan
Warranty Deed
—
Mar 27, 2023
—
Thorpe Family Properties LLC
Murfreesboro Pool Constructors LLC
Quit Claim Deed
related
—
Mar 17, 2023
$750,000
Jbl Partners
Virginia Frances Hoobs Clark
Warranty Deed
—
Mar 7, 2023
$1,157,500
David Johnson III
Holmes By Design LLC
Warranty Deed
$925,600 · Nexera Holding LLC
Jan 18, 2023
—
Macca Villa LLC
Joseph Macca
Intrafamily Transfer
related
$700,000 · Firstbank
Jan 3, 2023
—
Middle Tn Electric Membership Corp
City Of Murfreesboro
Special Warranty Deed
—
Nov 7, 2022
—
Cellco Parntership
Vb Bts II LLC
Lease
—
Jun 29, 2022
—
Swanson Developments LP
Premier Group INC
Quit Claim Deed
related
—
May 27, 2022
$245,000
Justin D Walker
Jeffrey Purtee
Warranty Deed
$183,750 · First Nb Of Middle Tennessee
Apr 5, 2022
$199,900
Millennium Roofing And Construction
Jtdm Holdings LLC
Warranty Deed
—
Mar 25, 2022
$199,900
William Gentry Wheat
Jtdm Holdings LLC
Warranty Deed
$517,600 · Coffee County Bank
Feb 17, 2022
$419,900
Derek Christian
Johnny K Baxter
Warranty Deed
$329,900 · Broker Solutions INC
Feb 17, 2022
$400,000
Suresh C Saraswat
Suresh C Saraswat
Intrafamily Transfer
related
—
Sep 1, 2021
$2,500,000
Pingree 2000 Real Holdings LLC
Mary White Bruce
Warranty Deed
—
Jul 19, 2021
$60,000
Paul C Seegert
Roger R Hopkins
Warranty Deed
—
Jul 14, 2021
$262,700
Equity Programmers INC
Jcj3 Investments LLC
Warranty Deed
—
Mar 16, 2021
$380,000
Sandra K Sharp
Joann Arnold Mcqueen
Warranty Deed
—
Jun 29, 2011
—
Shs Ptshp
—
Trustees Deed
related
$1,180,000 · First National Bank Mcminnvill
Sep 15, 2009
$207,542
Shs Ptshp
Huddleston,w H III
Warranty Deed
$900,000 · Pinnacle National Bank
Sep 15, 2009
$132,139
Shs Ptshp
Huddleston,w H III
Warranty Deed
$132,129 · W H III Huddleston
Jun 18, 2007
$376,226
Mtrc LLC
Pirtle,mark A & Anita W
Warranty Deed
—
—
—
Meriden Associates LLC
—
Deed Of Trust
related
$3,000,000 · Kish Bk
—
—
Andrew J Wileczek
—
Deed Of Trust
related
$5,000,000 · Wilson Bk&tr
—
—
Anthony D Morris
—
Deed Of Trust
related
$168,000 · Wilson Bank & Trust
—
—
Shs Ptshp
—
Deed Of Trust
related
$940,000 · Pinnacle National Bank
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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