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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Manufacturing properties
212 Rutherford Blvd Murfreesboro, TN 37130-5557
Entity Owned
33-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1460815
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Total area
278,685 SF
Lot
15.45 ac (672,828 SF)
Zoning code
I
APN
113C-A-009.00-000
UPID
US80-1460815
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
-
Steel Technologies LLC Factory Production Facility
-
Arcelormittal Tailored Blanks Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Mi-tech Steel INC · 33 yrs held
Mi-tech Steel INC
since 1992
4 recorded transactions
Zoning & alternative use
I · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$103,251
Tax year 2023
Assessed value
$3,649,960
Assessed 2024
Previous assessed
$3,649,960
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$665,560
Assessed improvement
$2,984,400
Land market value
$1,663,900
Improvement market value
$7,461,000
Total market value
$9,124,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Heating
SPACE
Cooling
YES
Stories
1
Bathrooms
9
Total area
278,685 SF
Lot
15.45 ac (672,828 SF)
Zoning code
I
APN
113C-A-009.00-000
UPID
US80-1460815
Jurisdiction
RUTHERFORD
Zoning & alternative use
I · Murfreesboro, TN
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1988
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
9
Lot
15.45 ac
Current owner
From public records · entity-resolved
Mi-tech Steel INC
Entity
Free & Clear · 33 yrs held
Mailing address
700 N HURSTBOURNE PKWY STE #400, LOUISVILLE, KY 40222-5396
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2005
—
Mi-tech Steel International Co
—
Deed Of Trust
related
$22,000,000 · J P Morgan Chase Bank
Jul 29, 1992
$65,000
Mi-tech Steel INC
Unknown
Grant Deed
—
Jan 14, 1992
$130,000
Nationsbank Of Tennessee
Unknown,
Grant Deed
—
—
—
Mi-tech Steel International Co
—
Deed Of Trust
related
$4,000,000 · Bank One NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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