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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Drug stores
2528 Old Ft Pkwy Murfreesboro, TN 37128-4153
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1210306
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Construction
FRAME
Total area
14,739 SF
Lot
1.8 ac (78,408 SF)
APN
092-033.03-000
UPID
US80-1210306
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
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Pastelitos El gordito Restaurant Take-out & Catering
-
Amethia J. Johnson, Pharm Pharmacy
-
higi Physician
-
Christoffel Crafford Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Advance Stores Company · 3 yrs held
Advance Stores Company
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+2.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,855,000
6.5%
$2,640,000
7%
$2,450,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,670,000
Current use
MEDICAL BUILDING
$2,745,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,495,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$2,380,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$129 / 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
$42,688
Tax year 2023
Assessed value
$1,509,040
Assessed 2024
Previous assessed
$1,509,040
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$871,120
Assessed improvement
$637,920
Land market value
$2,177,800
Improvement market value
$1,594,800
Total market value
$3,772,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
5
Total area
14,739 SF
Lot
1.8 ac (78,408 SF)
APN
092-033.03-000
UPID
US80-1210306
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2008
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Rooms
5
Lot
1.8 ac
Current owner
From public records · entity-resolved
Advance Stores Company
Entity
Free & Clear · 3 yrs held
Mailing address
1123 CHAPALA ST STE #200, SANTA BARBARA, CA 93101-3142
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 6, 2023
—
Advance Stores Company
Igf Properties LLC
Lease
—
Jul 10, 2017
—
Igf Properties LLC
—
Deed
related
$3,125,899 · Cantor Com'l R/e Lndg
Jul 7, 2017
—
Igf Properties LLC
Igf Investment Grade Fund I LP
Quit Claim Deed
related
—
Dec 20, 2016
$5,075,000
Igf Investment Grade Fund I LP
Airport Plaza-green Acres LLC
Grant Deed
related
$2,537,500 · Farmers & Merchants Bk/lng Bch
Sep 28, 2007
$1,438,072
Nom Murfreesboro Old Fort LLC
Ganesh Associates II
Warranty Deed
$3,350,000 · Sterling Bank
—
—
Igf Properties LLC
—
Deed Of Trust
related
$3,125,899 · Cantor Com'l R/e Lndg
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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