Property profile

2145 Doctor Martin Luther King Jr Blvd101-109 Murfreesboro, TN 37130

OFF-MARKET
Retail space
Property ID
US80-1759880
5,043 SF 0.71 ac lot Built 1997
Individually Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction FRAME
Total area 5,043 SF
Lot 0.71 ac (31,102 SF)
Zoning code CH
APN 103B-B-003.05-000
UPID US80-1759880

Cap rate & NOI

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

Location

2145 Doctor Martin Luther King Jr Blvd101-109 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
$900k
Comparable Approach Comparable
$715k
Blend (final) Blend
$275k

Owner & transaction history

since 2012
3 recorded transactions
2017
Price N/A
2012
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
Top alternative use upside
Auto repair, garage $1.2M +80.7%
Medical building $940,000 +39.6%
Neighborhood: shopping center $855,000 +26.9%

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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