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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Car washes
2135 Manchester Pike Murfreesboro, TN 37127-1535
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0784815
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2004
Total area
1,976 SF
Lot
0.73 ac (31,929 SF)
Zoning code
CH
APN
112-003.09-000
UPID
US80-0784815
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
M E Properties LLC · 4 yrs held
M E Properties LLC
since 2022
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$600,000
+25.6%
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
$570,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$475,000
Current use
COMMERCIAL (GENERAL)
$600,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $525k (Jan 28 2022)
Last sale anchor
$525k
Jan 28 2022
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
$273 / 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
$6,120
Tax year 2023
Assessed value
$216,360
Assessed 2024
Previous assessed
$216,360
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$123,240
Assessed improvement
$93,120
Land market value
$308,100
Improvement market value
$232,800
Total market value
$540,900
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2004
Heating
NONE
Units
1
Total area
1,976 SF
Lot
0.73 ac (31,929 SF)
Zoning code
CH
APN
112-003.09-000
UPID
US80-0784815
Jurisdiction
RUTHERFORD
Zoning & alternative use
CH · Murfreesboro, TN
Zoning CH · permitted uses
CH · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$600,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Units
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
M E Properties LLC
Entity
Mailing address
373 SHADOW CRK DR, BRENTWOOD, TN 37027-7870
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
$525,000
M E Properties LLC
Ram Auto Sales INC
Warranty Deed
—
Dec 20, 2021
—
Ram Auto Sales INC
—
Deed
related
$100,000 · M E Properties LLC
Jun 2, 2021
$450,000
Ram Auto Sales INC
Yussin Dakkak
Special Warranty Deed
$337,500 · Reliant Bank
Jul 18, 2018
$265,100
Dakkak Yassin
508 Investors LLC
Warranty Deed
—
Jan 30, 2015
$1,650,000
508 Investors LLC
Tressler Todd A II|legends Carwash Of Providence I
Trustees Deed
—
Aug 9, 2013
$975,000
Legends Carwash Of Providence In
508 Investors LLC
Warranty Deed
$975,000 · 508 Investors LLC
Aug 1, 2011
$185,000
508 Investors LLC
Inman,nelwyn
Trustees Deed
—
—
—
Legends Carwash Of Providence In
—
Deed Of Trust
related
$50,000 · John Gleaves
—
—
Keith R Bertrand
—
Deed Of Trust
related
$128,262 · First Tennessee Bank National
—
—
Legends Carwash Of Providence In
—
Deed Of Trust
related
$150,000 · Tom Hazelwood
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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