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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
2764 Church St 2762 Murfreesboro, TN 37127-8350
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2069430
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Total area
4,800 SF
Lot
0.52 ac (22,564 SF)
APN
125C-A-002.01-000
UPID
US80-2069430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$406k
Blend (final)
Blend
$580k
Owner & transaction history
David Kiviniemi · 3 yrs held
David Kiviniemi
since 2022
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$895,000
+70.6%
Retail stores
$870,000
+66.1%
Neighborhood: shopping center
$810,000
+55.0%
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
$625,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
MEDICAL BUILDING
$895,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +66% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$775,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $575k (Nov 16 2022)
Last sale anchor
$575k
Nov 16 2022
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
$121 / 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
$6,417
Tax year 2023
Assessed value
$226,840
Assessed 2024
Previous assessed
$226,840
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$155,640
Assessed improvement
$71,200
Land market value
$389,100
Improvement market value
$178,000
Total market value
$567,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
4,800 SF
Lot
0.52 ac (22,564 SF)
APN
125C-A-002.01-000
UPID
US80-2069430
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
WAREHOUSE, STORAGE Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
OFFICE BUILDING
Est. value
$775,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
1985
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
David Kiviniemi
Individual
Mailing address
2762 S CHURCH ST, MURFREESBORO, TN 37127-8350
Ownership since
2022
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
Nov 16, 2022
$575,000
David Kiviniemi
Charles E Mears
Warranty Deed
$450,000 · Cogent Bank
May 3, 2004
$300,000
Charles E Mears
Bennys,woodworks
Grant Deed
—
Apr 10, 1997
$202,000
Bennys Woodworks Of Shelbyvill
Swanson,joseph M
Grant Deed
$160,000 · First National Bank
Mar 24, 1995
$127,500
Joseph M Swanson
—
Grant Deed
related
$111,375 · First City Bank
Jan 25, 1989
$125,000
Richard Donna Bailey
Unknown
Grant Deed
—
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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