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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Strip malls
2943 Church St Murfreesboro, TN 37127-6549
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-0608644
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Total area
10,586 SF
Lot
1.93 ac (84,071 SF)
APN
125-011.00-000
UPID
US80-0608644
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
-
Rivers Dental Care Dental Office
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Dunkin' Cafe & Coffee Shop
-
PacificPro Physical Therapy & Sports Medicine - Murfreesboro Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.41M
Owner & transaction history
Triple R Dev LLC · 10 yrs held
Triple R Dev LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+78.9%
Auto repair, garage
$2.6M
+42.4%
Medical building
$2.0M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,365,000
6.5%
$2,180,000
7%
$2,025,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,790,000
Current use
COMMERCIAL (GENERAL)
$3,205,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,550,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$1,970,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,920,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$1,710,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±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
$227 / 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
$35,027
Tax year 2023
Assessed value
$1,238,240
Assessed 2024
Previous assessed
$1,238,240
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$676,280
Assessed improvement
$561,960
Land market value
$1,690,700
Improvement market value
$1,404,900
Total market value
$3,095,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2014
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
5
Bathrooms
1
Total area
10,586 SF
Lot
1.93 ac (84,071 SF)
APN
125-011.00-000
UPID
US80-0608644
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
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
PACKAGE
Cooling
Yes
Stories
1
Units
5
Bathrooms
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Triple R Dev LLC
Entity
Free & Clear · 10 yrs held
Mailing address
201 SS STATE ST, CHAMPAIGN, IL 61820
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2015
$4,500,000
Triple R Dev LLC
Investment Partners LLC
Grant Deed
—
Nov 12, 2013
$1,192,500
Investment Partners LLC
Innsbrooke Commons LLC
Warranty Deed
—
Jul 21, 2008
—
Innsbrooke Commons LLC
Kilgore-deas Properties LLP
Quit Claim Deed
related
—
Aug 3, 2007
$900,000
Kilgore-deas Properties LLP
Herrod,john N
Warranty 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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