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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Office buildings
222 Heritage Park Dr Murfreesboro, TN 37129-1550
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1310071
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
4,941 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CH
APN
080L-B-008.00-000
UPID
US80-1310071
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
-
CenterWell Home Health - Murfreesboro INT Home Health Care Service
-
John H. Baker III, BakerCounsel Law Law Firm
-
N the Cutt Barber Shop
-
Steered Straight Inc Training Center
-
SPAesthetics 615 Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$887k
Blend (final)
Blend
$1.29M
Owner & transaction history
Joseph Clay Beach · 3 yrs held
Joseph Clay Beach
since 2023
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+83.3%
Retail stores
$1.0M
+24.3%
Neighborhood: shopping center
$1.0M
+23.6%
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
$1,290,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,075,000
7%
$995,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
COMMERCIAL (GENERAL)
$1,505,000
Change: +83% · Conversion: Easy
RETAIL STORES
$1,020,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,015,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$920,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$885,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.40M (Apr 10 2023)
Last sale anchor
$1.40M
Apr 10 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
$260 / 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
$8,510
Tax year 2023
Assessed value
$300,840
Assessed 2024
Previous assessed
$300,840
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$105,880
Assessed improvement
$194,960
Land market value
$264,700
Improvement market value
$487,400
Total market value
$752,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
2
Bathrooms
3
Total area
4,941 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CH
APN
080L-B-008.00-000
UPID
US80-1310071
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
OFFICE BUILDING Current
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1987
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Bathrooms
3
Lot
0.55 ac
Current owner
From public records · entity-resolved
Joseph Clay Beach
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 331802, MURFREESBORO, TN 37133-1802
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
—
Joseph Clay Beach
Joseph Clay Beach
Intrafamily Transfer
related
—
Jan 3, 2019
$1,400,000
Joseph C Beach
Charles F Farrer
Warranty Deed
—
Jan 3, 2019
—
Joseph C Beach
Beach & Farrer Properties
Quit Claim Deed
related
—
Jul 1, 1999
$330,000
Beach Prop
Marion,fred J
Grant Deed
—
Dec 24, 1997
$98,000
Oliver,elgin SR Trust
—
Grant Deed
related
—
May 25, 1988
$26,000
Fred J Marino
Unknown
Grant Deed
—
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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