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    2910 Church St Murfreesboro, TN 37127-7147

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    2910 Church St Murfreesboro, TN 37127-7147

    View on Map
    • Strip malls
    • 14,271 SF
    • 1.50 lot acres
    Off-Market
    Last Sale Nov 13, 2023
    $10,375,000
    Property ID
    US80-2948130
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,655,000
    Show details
    Cap Rate Potential
    2%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • ROBERT PARSONS / Physician
    • Great Clips / Hair Salon / Nail Salon
    • Perfect Nails / Nail Salon
    • H&R Block / Tax Preparation
    • MEGAN WELSHOFER STEVENS / Physician

    Property Details for 2910 Church St

    Year built
    2002
    Lot size
    1.50 lot acres
    Property size
    14,271 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    125-005.21-001
    APU
    12500521001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,555,000
      ML approach
      $8,310,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $8,150,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4018
    Latitude
    35.7905
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,280
    $348,800
    $543,920
    $892,720
    -
    $872,000
    $1,359,800
    $2,231,800

    Comparable in this City

    • Value Estimation
      $2,965,000
      15,796 SF

      3138 Church St

      SHOPPING CENTER, STRIP CENTER • 15,796 SF
      3138 Church St, Murfreesboro, TN 37127-7261
      View Details
    • Value Estimation
      $1,300,000
      9,396 SF

      2925 Church St Ste A

      SHOPPING CENTER, STRIP CENTER • 9,396 SF
      2925 Church St Ste A, Murfreesboro, TN 37127-6314
      View Details
    • Value Estimation
      $2,405,000
      10,586 SF

      2943 Church St

      SHOPPING CENTER, STRIP CENTER • 10,586 SF
      2943 Church St, Murfreesboro, TN 37127-6549
      View Details
    • Value Estimation
      $4,515,000
      15,820 SF

      2704 Church St, Unit 2744

      SHOPPING CENTER, STRIP CENTER • 15,820 SF
      2704 Church St, Murfreesboro, TN 37127-8350
      View Details
    • Value Estimation
      $2,615,000
      15,540 SF

      2850 Church St, Unit 2870

      SHOPPING CENTER, STRIP CENTER • 15,540 SF
      2850 Church St, Murfreesboro, TN 37127-6374
      View Details
    • Value Estimation
      $3,370,000
      20,088 SF

      2992-2994 Church St

      SHOPPING CENTER, STRIP CENTER • 20,088 SF
      2992-2994 Church St, Murfreesboro, TN 37127
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,703 SF

      Highway Retail Property in Murfreesboro

      New NNN lease property near Interstate 24 entrance.
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      3,439 SF

      PNC Bank NNN Investment

      NNN leased PNC Bank in Murfreesboro, Tennessee.
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    • $2,200,000

      High-Traffic Commercial Land Opportunity

      Prime commercial land in high-traffic area, ready for development.
      3668 Shelbyville Hwy, Murfreesboro, TN 37127
      View Details
    • $687,000
      Pending

      Commercial Lot Near Highway 231

      Located off HWY 231 S, ideal for retail/professional use.
      3698 Shelbyville Hwy, Murfreesboro, TN 37127
      View Details
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      High-Traffic Commercial Land Opportunity

      Commercial land in high-traffic area with development potential.
      3668 Shelbyville Hwy, Murfreesboro, TN 37127
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    • $2,200,000
      17,000 SF

      Commercial Land with Permits

      3-acre commercial land with permits for dealership/warehouse.
      4372 Shelbyville Hwy, Murfreesboro, TN 37127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,000 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available in Murfreesboro, Tennessee.
      101 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      2,400 SF

      Retail Pad Ground Lease Available

      2,400 SF retail pad site available for ground lease.
      2906 S Church St, Murfreesboro, TN 37127
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,065 to 1,935 SqFt.
      1536 Joe B Jackson Pkwy, Murfreesboro, TN 37127
      View Details
    • $58 SF/Yr
      1,241 SF

      Retail Space on S Church

      Retail space with frontage on S Church Street available for rent.
      2961-2977 S Church St, Murfreesboro, TN 37127
      View Details
    • Contact for pricing

      Future Paved Parking and Storage

      11.20 acres for trailer storage, completion Q2 2024.
      2917 Elam Rd, Murfreesboro, TN 37127
      View Details
    • Contact for pricing
      125,175 SF

      Murfreesboro Warehouse Space Available

      200,755 square foot warehouse space for lease in Murfreesboro.
      606 Butler Dr, Murfreesboro, TN 37127
      View Details
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    Murfreesboro, TN 37127-7147
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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