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Property profile & analytics
OFF-MARKET
Super regional malls
2230 Southgate Blvd Ste A Murfreesboro, TN 37128-5509
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1022533
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1999
Total area
4,000 SF
Lot
0.53 ac (23,087 SF)
Zoning code
L-I
APN
113F-A-021.00-000
UPID
US80-1022533
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
-
Shine So-Well Mobile Detailing Car Wash
-
WBB custom audio and accessories Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chilvers Realty LLC · 4 yrs held
Chilvers Realty LLC
since 2022
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
L-I · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
L-I (Light Industrial) when such land is developed with a use identified as Industrial in Chart 1 of Appendix A - Zoning. (L) Buffer Zone and Screening Requirements. (1) Buffer Zones Requirements. (a) Buffer zones are intended to separate different land uses and zoning districts from each other and are intended to eliminate or minimize potential nuisances su…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,126.99 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,603
Tax year 2023
Assessed value
$162,720
Assessed 2024
Previous assessed
$162,720
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$68,440
Assessed improvement
$94,280
Land market value
$171,100
Improvement market value
$235,700
Total market value
$406,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1999
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
4
Total area
4,000 SF
Lot
0.53 ac (23,087 SF)
Zoning code
L-I
APN
113F-A-021.00-000
UPID
US80-1022533
Jurisdiction
RUTHERFORD
Zoning & alternative use
L-I · Murfreesboro, TNZoning L-I · permitted uses
L-I · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
L-I (Light Industrial) when such land is developed with a use identified as Industrial in Chart 1 of Appendix A - Zoning. (L) Buffer Zone and Screening Requirements. (1) Buffer Zones Requirements. (a) Buffer zones are intended to separate different land uses and zoning districts from each other and are intended to eliminate or minimize potential nuisances such as dirt, litter, noise, glare of lights, signs, and unsightly buildings or parking areas. Buffer zone types are determined by five different levels based on zoning districts. The zoning districts have been divided into the following levels: Residential Districts
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,126.99 ac
Building & site characteristics
From public records
Year built
1999
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.53 ac
Current owner
From public records · entity-resolved
Chilvers Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
410 WHISTLER CV, FRANKLIN, TN 37067-8151
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$500,000
Chilvers Realty LLC
Kee Justice
Warranty Deed
—
Feb 9, 2021
$350,000
Kee Justice
Michael R Gipson
Warranty Deed
—
Mar 27, 2006
—
Michael R Gipson
Gipson Construction
Quit Claim Deed
related
—
—
—
Michael R Gipson
—
Deed Of Trust
related
$68,584 · Coffee County 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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