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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Grocery and convenience stores
2736 Florence Rd Murfreesboro, TN 37129-3071
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0780261
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2014
Total area
3,168 SF
Lot
1.16 ac (50,530 SF)
APN
071-025.05-000
UPID
US80-0780261
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
-
Shell Grocery & Convenience Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
R & R Partnership · 5 yrs held
R & R Partnership
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+48.2%
Retail stores
$655,000
+0.5%
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%
$705,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +48% · Conversion: Easy
RETAIL STORES
$655,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$590,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$200 / 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
$11,816
Tax year 2023
Assessed value
$417,720
Assessed 2024
Previous assessed
$417,720
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$149,800
Assessed improvement
$267,920
Land market value
$374,500
Improvement market value
$669,800
Total market value
$1,044,300
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
2014
Heating
NONE
Cooling
AC.PACKAGE
Units
1
Bathrooms
1
Total area
3,168 SF
Lot
1.16 ac (50,530 SF)
APN
071-025.05-000
UPID
US80-0780261
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
$650,000
COMMERCIAL (GENERAL)
Est. value
$965,000
RETAIL STORES
Est. value
$655,000
MEDICAL BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$565,000
OFFICE BUILDING
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2014
Heating
NONE
Cooling
Yes
Units
1
Bathrooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
R & R Partnership
Entity
Mailing address
730 MIDDLE 10TH BLVD STE #16, MURFREESBORO, TN 37129-5613
Ownership since
2020
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
Sep 29, 2020
—
R & R Partnership
Rajesh Aggarwal
Quit Claim Deed
related
$1,384,000 · Fourth Cap Bk
Sep 22, 2020
—
R & R Partnership
Rajesh Aggarwal
Quit Claim Deed
related
—
Aug 21, 2013
—
Rajesh Aggarwal
—
Trustees Deed
related
$728,000 · Volunteer St Bk
Jan 27, 2005
—
Ashley Segroves
R & H Dev
Quit Claim Deed
related
—
—
—
Rajesh Aggarwal
—
Loan Modification
related
$330,000 · Volunteer St Bk
—
—
Rajesh Aggarwal
—
Loan Modification
related
$728,000 · Volunteer St 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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