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Property profile & analytics
OFF-MARKET Estimated value $4,405,000
Motels

2282 Armory Dr Murfreesboro, TN 37129-6930

14,583 SF 2.34 ac lot Built 1999
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US80-1656321
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1999
Construction FRAME
Total area 14,583 SF
Lot 2.34 ac (101,930 SF)
Zoning code CH
APN 092-007.07-000
UPID US80-1656321
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
  • Red Roof Inn Murfreesboro Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.41M
Owner & transaction history
Shantavithal LLC · 6 yrs held
Shantavithal LLC
since 2020
Last sale
$3.9M
4 recorded transactions
2020
$3.9M
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 industrial areas. The uses permitted in this district, the special uses that may be allowed in this district and the uses for which site pla…

Zone name Highway Commercial District
General category INDUSTRIAL
Zone area 3,999.90 ac
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