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Property profile & analytics
FOR SALE
Retail space
2204 NW Broad St Murfreesboro, TN 37129
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0079337
For Sale
1 / 37
$3,195,000
2204 NW Broad St, Murfreesboro, TN 37129
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
5,048 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CH
APN
079-036.00-000
UPID
US80-0079337
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
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$2.05M
Owner & transaction history
Barry Bryant · 3 yrs held
Barry Bryant
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+206.7%
Commercial (general)
$1.5M
+47.5%
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
$1,980,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,200,000
Change: +207% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,540,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10% · vs last sale $2.15M (Apr 5 2023)
Last sale anchor
$2.15M
Apr 5 2023
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
$405 / 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
$10,164
Tax year 2023
Assessed value
$359,280
Assessed 2024
Previous assessed
$359,280
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$161,920
Assessed improvement
$197,360
Land market value
$404,800
Improvement market value
$493,400
Total market value
$898,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1988
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
5,048 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CH
APN
079-036.00-000
UPID
US80-0079337
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
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
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
1988
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Barry Bryant
Individual
Mailing address
2204 NW BROAD ST, MURFREESBORO, TN 37129-2908
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$2,150,000
Barry Bryant
Brenda Kay Rigsby
Warranty Deed
$1,827,500 · Encore Bank NA
Mar 15, 2021
$685,000
Middle Tennessee Granite INC
Brenda Kay Rigsby
Warranty Deed
$548,000 · Firstbank
Jun 11, 2019
$1,400,000
Brenda K Rigsby
Broadstreet Realty LLC
Warranty Deed
$500,000 · Liberty St Bk
Dec 21, 2012
—
Broadstreet Realty LLC
Bolin,wendell G & Hilda
Quit Claim Deed
related
—
Oct 7, 2005
$1,050,000
Wendell G Bolin
Swanson Developments
Warranty Deed
$892,500 · Firstbank NA
Dec 29, 2000
—
Swanson Devlopments LP
Swanson,joseph M
Quit Claim Deed
related
—
Jan 27, 1997
$300
International Paper Co
—
Grant Deed
related
—
—
—
Broadstreet Realty LLC
—
Deed Of Trust
related
$709,704 · Mid South 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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