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Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Drive through restaurants
3243 Memorial Blvd Murfreesboro, TN 37129-5227
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-0966914
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2023
Construction
FRAME
Total area
2,131 SF
Lot
1.2 ac (52,272 SF)
Zoning code
RS-15
APN
069-022.01-000
UPID
US80-0966914
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
-
Wendy’s Restaurant
-
Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.79M
Owner & transaction history
Joanne Loke Pating · 2 yrs held
Joanne Loke Pating
since 2023
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
RS-15 · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,650,000
ML approach
$1,745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±10% · vs last sale $1.79M (Oct 17 2023)
Last sale anchor
$1.79M
Oct 17 2023
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
$838 / 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
$5,146
Tax year 2023
Assessed value
$814,000
Assessed 2024
Previous assessed
$540,240
+50.7% YoY
Effective rate
0.63%
On assessed value
Assessed land
$540,240
Assessed improvement
$273,760
Land market value
$1,350,600
Improvement market value
$684,400
Total market value
$2,035,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
2,131 SF
Lot
1.2 ac (52,272 SF)
Zoning code
RS-15
APN
069-022.01-000
UPID
US80-0966914
Jurisdiction
RUTHERFORD
Zoning & alternative use
RS-15 · Murfreesboro, TN
Zoning RS-15 · permitted uses
RS-15 · 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.
Building & site characteristics
From public records
Year built
2023
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
1.2 ac
Current owner
From public records · entity-resolved
Joanne Loke Pating
Individual
Free & Clear · 2 yrs held
Mailing address
288 ALA MOANA BLVD18A, HONOLULU, HI 96813
Ownership since
2023
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
Oct 17, 2023
$1,789,000
Joanne Loke Pating
Northbow Twp Mfb LLC
Special Warranty Deed
—
Jan 13, 2021
$1,105,770
Northbow Twp Mfb LLC
Lisa S Haynes
Limited Warranty Deed
$3,609,095 · First Midwest Bank Of Poplar Bluff
Mar 12, 2019
$4,667,000
Parc At Murfreesboro LLC
Pirtle Family LP
Grant Deed
$40,000,000 · Suntrust Bk
Apr 10, 2018
$3,050,000
Pirtle Family LP
Lisa S Haynes
Grant Deed
$2,328,130 · Wilson Bk&tr
Jan 20, 1998
—
Lisa S Haynes
—
Deed Of Trust
related
—
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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