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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Office buildings
316-318 Robert Rose Dr Murfreesboro, TN 37129
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3238697
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
FRAME
Total area
19,476 SF
Lot
2.27 ac (98,881 SF)
Zoning code
CH
APN
092-023.02-000
UPID
US80-3238697
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
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$4.83M
Owner & transaction history
The City Of Murfreesboro · 3 yrs held
The City Of Murfreesboro
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
CH · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+83.3%
Retail stores
$4.0M
+24.3%
Neighborhood: shopping center
$4.0M
+23.6%
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
$5,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,230,000
7%
$3,925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,240,000
Current use
COMMERCIAL (GENERAL)
$5,940,000
Change: +83% · Conversion: Easy
RETAIL STORES
$4,025,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,005,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$3,625,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,490,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±10% · vs last sale $5.40M (Sep 13 2022)
Last sale anchor
$5.40M
Sep 13 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
$248 / 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
Land market value
$935,200
Improvement market value
$2,577,100
Total market value
$3,512,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
1
Bathrooms
8
Total area
19,476 SF
Lot
2.27 ac (98,881 SF)
Zoning code
CH
APN
092-023.02-000
UPID
US80-3238697
Jurisdiction
RUTHERFORD
Zoning & alternative use
CH · Murfreesboro, TN
Zoning CH · permitted uses
CH · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murfreesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RETAIL STORES
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
8
Lot
2.27 ac
Current owner
From public records · entity-resolved
The City Of Murfreesboro
Entity
Mailing address
111 W VINE ST, MURFREESBORO, TN 37130-3573
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
$5,400,000
The City Of Murfreesboro
Wendell O Mandrell
Special Warranty Deed
—
Oct 16, 2017
—
Wendelle O Mandrell
Mandrell,linda B
Quit Claim Deed
related
—
Aug 18, 2009
—
Jeffrey D Collins
—
Trustees Deed
related
$760,000 · Renasant Bank
Jul 10, 2008
—
Linda B Mandrell
Mandrell,wendell O
Quit Claim Deed
related
—
Mar 17, 2004
$280,000
Wendell O Mandrell
Summar-swafford
Grant Deed
—
—
—
Jeffrey D Collins
—
Deed Of Trust
related
$1,975,000 · Renasant Bank
—
—
Jeffrey D Collins
—
Deed Of Trust
related
$1,975,000 · Renasant Bank
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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