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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Specialty properties
225 John R Rice Blvd, Murfreesboro, TN 37129-4157
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-0980892
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1997
Construction
FRAME
Total area
196,830 SF
Lot
12.53 ac (545,633 SF)
Zoning code
RM16
APN
092-032.04-000
UPID
US80-0980892
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
-
Harper Place Apartments Apartment Complex
-
The Reserve @ Harper's Point Apartments Apartment Complex Apartment Building
-
Furry Angels Pet Sitting Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.95M
Owner & transaction history
Harpers Point Apartments LLC · 13 yrs held
Harpers Point Apartments LLC
since 2012
7 recorded transactions
Zoning & alternative use
RM16 · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$20 / 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
$276,091
Tax year 2023
Assessed value
$9,760,000
Assessed 2024
Previous assessed
$9,760,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$876,800
Assessed improvement
$8,883,200
Land market value
$2,192,000
Improvement market value
$22,208,000
Total market value
$24,400,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
55
Total area
196,830 SF
Lot
12.53 ac (545,633 SF)
Zoning code
RM16
APN
092-032.04-000
UPID
US80-0980892
Jurisdiction
RUTHERFORD
Zoning & alternative use
RM16 · Murfreesboro, TN
Zoning RM16 · permitted uses
RM16 · 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.
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
55
Lot
12.53 ac
Current owner
From public records · entity-resolved
Harpers Point Apartments LLC
Entity
Mailing address
7701 FORSYTH BLVD STE #900, SAINT LOUIS, MO 63105-1840
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2016
—
Harpers Point Apartments LLC
—
Deed
related
$16,000,000 · Walker & Dunlop
Dec 20, 2012
$13,275,050
Harpers Point Apartments LLC
Harpers Point LP
Grant Deed
related
$9,067,000 · Berkeley Point Capital LLC
Oct 9, 2009
—
Harpers Point Land Ptshp
—
Trustees Deed
related
$100,000 · Branch Banking & Trust Co
Oct 2, 2008
—
Harpers Point Land Ptshp
—
Trustees Deed
related
$140,000 · Branch Banking & Trust Co
Sep 7, 2007
—
Harpers Point Land Ptshp
—
Trustees Deed
related
$271,439 · Branch Banking & Trust Co
—
—
Harpers Point Land Ptshp LP
—
Deed Of Trust
related
$1,750,000 · Nashville Bank & Trust Co
—
—
Harpers Point Apartments LLC
—
Deed Of Trust
related
$16,000,000 · Walker & Dunlop
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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