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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Banks
2397 Memorial Blvd Murfreesboro, TN 37129-5108
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1460261
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2022
Construction
FRAME
Total area
3,375 SF
Lot
1.35 ac (58,806 SF)
Zoning code
CH
APN
069-074.05-000
UPID
US80-1460261
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
-
Chase ATM Atm
-
James S Ross - Chase Home Lending Advisor - NMLS ID 1758136 Loan Service Bank
-
Chase Bank Bank Loan Service
-
Cooley Family Electrician's Services Co Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$500k
Owner & transaction history
Jpmorgan Chase Bank National Associ · 4 yrs held
Jpmorgan Chase Bank National Associ
since 2021
5 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$515,000
+78.2%
Office building
$455,000
+57.0%
Medical building
$440,000
+51.2%
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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$440,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$380,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$305,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$148 / 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
$29,200
Tax year 2023
Assessed value
$1,032,240
Assessed 2024
Previous assessed
$1,032,240
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$663,040
Assessed improvement
$369,200
Land market value
$1,657,600
Improvement market value
$923,000
Total market value
$2,580,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
3
Total area
3,375 SF
Lot
1.35 ac (58,806 SF)
Zoning code
CH
APN
069-074.05-000
UPID
US80-1460261
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
COMMERCIAL (GENERAL)
Est. value
$515,000
OFFICE BUILDING
Est. value
$455,000
MEDICAL BUILDING
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$380,000
RETAIL STORES
Est. value
$305,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2022
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
3
Lot
1.35 ac
Current owner
From public records · entity-resolved
Jpmorgan Chase Bank National Associ
Entity
Free & Clear · 4 yrs held
Mailing address
1111 POLARIS PKWY, COLUMBUS, OH 43240-2031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$2,150,000
Jpmorgan Chase Bank National Associ
2397 Memorial Boulevard LLC
Special Warranty Deed
—
Nov 12, 2019
—
2397 Memorial Boulevard LLC
—
Deed
related
$1,080,000 · Southcrest Bk
Mar 14, 2018
—
2397 Memorial Boulevard LLC
—
Grant Deed
related
$1,080,000 · Southcrest Bk
Mar 12, 2018
$1,400,000
2397 Memorial Boulevard LLC
Taylor D A & M C 1989 Trust
Grant Deed
—
—
—
2397 Memorial Boulevard LLC
—
Loan Modification
related
$1,080,000 · Southcrest Bk
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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