Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    342 Northfield Blvd Murfreesboro, TN 37129-1590

    • Day care centers
    • 5,500 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Mar 16, 2023
    $800,000
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3515578
    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.

    Current Use by Public Records

    • La Petite Academy of Murfreesboro / Child Care Agency / Learning Center

    Property Details for 342 Northfield Blvd

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.61 lot acres
    Property size
    5,500 SF
    Zone code
    CH
    Property type
    Day care centers
    APN
    080L-B-022.00-000
    APU
    080LB02200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $730,000

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $510,000
      Current use
      RESTAURANT
      $920,000
      Change: +81% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $840,000
      Change: +65% Conversion: Difficult
      OFFICE BUILDING
      $740,000
      Change: +46% Conversion: Difficult
      MEDICAL BUILDING
      $715,000
      Change: +40% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $620,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $495,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $485,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3903
    Latitude
    35.8713
    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
    $9,793
    $150,800
    $195,360
    $346,160
    -
    $377,000
    $488,400
    $865,400

    Comparable in this City

    • Value Estimation
      $945,000
      10,999 SF

      1021 John R Rice Blvd

      DAY CARE, PRE-SCHOOL • 10,999 SF
      1021 John R Rice Blvd, Murfreesboro, TN 37129-4246
      View Details
    • Value Estimation
      $2,835,000
      30,630 SF

      820 Jones Blvd

      DAY CARE, PRE-SCHOOL • 30,630 SF
      820 Jones Blvd, Murfreesboro, TN 37129-2382
      View Details
    • Value Estimation
      $16,090,000
      15,530 SF

      3315 Siegel Rd

      DAY CARE, PRE-SCHOOL • 15,530 SF
      3315 Siegel Rd, Murfreesboro, TN 37129-5845
      View Details
    • Value Estimation
      $2,530,000
      12,045 SF

      210 Chaffin Pl

      DAY CARE, PRE-SCHOOL • 12,045 SF
      210 Chaffin Pl, Murfreesboro, TN 37129-6903
      View Details
    • Value Estimation
      $1,005,000
      11,485 SF

      1404 Gtwy Blvd

      DAY CARE, PRE-SCHOOL • 11,485 SF
      1404 Gtwy Blvd, Murfreesboro, TN 37129-3269
      View Details
    • Value Estimation
      $1,060,000
      13,337 SF

      2308 Wendelwood Dr

      DAY CARE, PRE-SCHOOL • 13,337 SF
      2308 Wendelwood Dr, Murfreesboro, TN 37129-3309
      View Details

    Similar Nearby for Sale

    • $2,085,000

      Restaurant in Growing Downtown Area

      NN+ leased Japanese restaurant in a rapidly growing city.
      521 NW Broad St, Murfreesboro, TN 37129
      View Details
    • $2,500,000
      8,640 SF

      Leased Automotive Repair Shops Investment

      Fully leased multi-tenant automotive repair shops for sale.
      1414-1418 NW Broad St, Murfreesboro, TN 37129
      View Details
    • $555,000

      Residential Property with Buildable Lots

      Move-in ready home with buildable lots near Murfreesboro, TN.
      6031 Buckeye Valley Rd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Commercial Outparcels at River Landing

      Commercial/Retail outparcels available in growing Murfreesboro, TN.
      4923 NW Broad St, Murfreesboro, TN 37129
      View Details
    • $284,900
      1,809 SF

      Updated Home with Walk-In Closets

      Updated 2-bedroom home with walk-in closets and modern finishes.
      4817 Laura Jeanne Blvd, Murfreesboro, TN 37129
      View Details
    • $1,900,000
      2.92 Acres

      Murfreesboro Mixed-Use Land Investment

      Prime 2.92-acre commercial lot, ideal for development.
      1620 Williams Dr, Murfreesboro, TN 37129
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,886 SF

      3216 Memorial Blvd

      Land • 1.26 Acres
      3216 Memorial Blvd, Murfreesboro, TN 37129
      View Details
    • $1,050 /Mo
      600 SF

      Murfreesboro Duplex for Rent

      Duplex in Murfreesboro, convenient location, budget-friendly.
      1021 W College St, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space in Class A Center

      Class A shopping center with high retail sales volume.
      1851 Old Fort Pkwy, Murfreesboro, TN 37129
      View Details
    • $5,438 /Mo

      Multifunctional Flex Space Available

      Flex space with offices, storage, and heavy industrial zoning.
      1154 Park Ave, Murfreesboro, TN 37129
      View Details
    • $1,750 /Mo

      Murfreesboro Duplex with 3 Bedrooms

      Charming 3-bedroom, 1-bath duplex in a convenient Murfreesboro location.
      1811 Battleground Dr, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Pad-Ready Site Near Shopping Mall

      3.02-acre site with access to shopping and medical facilities.
      1823 Medical Center Pkwy, Murfreesboro, TN 37129
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    342 Northfield Blvd
    Murfreesboro, TN 37129-1590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.