Property profile

2129 Dr Martin Luther King Blvd Murfreesboro, TN 37130

OFF-MARKET
Investment properties
Property ID
US80-1461647
63,155 SF 5.4 ac lot Built 2000
Individually Owned 31-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2000
Construction FRAME
Total area 63,155 SF
Lot 5.4 ac (235,224 SF)
Zoning code CH
APN 103B-B-001.00-000
UPID US80-1461647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2129 Dr Martin Luther King Blvd Murfreesboro, TN 37130-7612
Murfreesboro metro Census 42102 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.30M
Comparable Approach Comparable
$10.18M
Blend (final) Blend
$645k

Owner & transaction history

since 1995
7 recorded transactions
2017
Price N/A
1995
Price N/A
1994
$130,000
1992
$130,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CH · Murfreesboro, TN
Zoning description

CH, HIGHWAY COMMERCIAL DISTRICT. This district is intended to permit the development and continued maintenance of general commercial uses located in a linear fashion along highways and near transportation facilities and…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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