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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Grocery and convenience stores
2624 Rutherford Blvd Murfreesboro, TN 37130-5984
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-2947491
Property summary
AI-generated overview
This exceptional commercial land offering in Murfreesboro, Tennessee, presents a unique investment opportunity. Located on South Rutherford Boulevard, a prime retail corridor, this property comprises multiple lots totaling 7.44 acres, zoned for commercial use. The land is available for purchase as a whole for $650,000, offering significant flexibility. Alternatively, individual lots can be acquired separately, with pricing varying depending on size. Lot sizes can be customized to meet specific needs through re-subdivision. The property's strategic location within an Opportunity Zone provides significant tax advantages for qualified investors, reducing capital gains taxes after a five-year holding period. The tax benefits decrease over time. This prime location offers exceptional potential for various commercial developments. The asking price per acre is $696,000. Builders are available to assist with construction projects, should the buyer require such services. The property is situated in Rutherford County, Tennessee, with the address being 2624 S Rutherford Blvd, Murfreesboro, TN 37127.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2019
Construction
FRAME
Total area
4,608 SF
Lot
2.35 ac (102,366 SF)
APN
103K-E-007.00-000
UPID
US80-2947491
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
-
Wash N Roll Car Wash
-
Speedway Gas Station
-
LibertyX Bitcoin ATM Atm
-
Speedy Cafe Restaurant
-
Amazon Locker - Cartographer Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$715k
Owner & transaction history
SPEEDYWAY LLC
SPEEDYWAY LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+42.4%
Medical building
$860,000
+10.0%
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
$525,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Current use
AUTO REPAIR, GARAGE
$1,110,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$860,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$155 / 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
$32,858
Tax year 2023
Assessed value
$1,161,560
Assessed 2024
Previous assessed
$1,161,560
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$599,360
Assessed improvement
$562,200
Land market value
$1,498,400
Improvement market value
$1,405,500
Total market value
$2,903,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Units
1
Bathrooms
1
Total area
4,608 SF
Lot
2.35 ac (102,366 SF)
APN
103K-E-007.00-000
UPID
US80-2947491
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$860,000
OFFICE BUILDING
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2019
Construction
FRAME
Heating
NONE
Cooling
Yes
Units
1
Bathrooms
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
SPEEDYWAY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
539 S MAIN ST, FINDLAY, OH 45840-3229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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