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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial land
3815 Manson Pike Ste A Murfreesboro, TN 37129-3942
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-2940029
Property summary
AI-generated overview
This exceptional 2.18-acre commercial land parcel, located at 3815 Manson Pike in Murfreesboro, Tennessee (zip code 37129), presents a compelling investment opportunity. Situated in Rutherford County, this property boasts significant road frontage and enjoys a prime location just a short distance from Walmart and within minutes of Interstate 24, ensuring high visibility and convenient access. The lot is zoned Commercial Fringe (CF), simplifying the development process. The asking price for this strategically positioned land is $1,600,000. Previous site plans and architectural work are available for review upon request, providing a head start for potential development projects. This property's ideal location and existing zoning make it an excellent choice for a variety of commercial ventures. The expansive lot size offers ample space for substantial development, catering to a wide range of business needs. Don't miss this chance to acquire a highly desirable commercial property in a thriving area. Contact us today to learn more and schedule a viewing.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.18 ac (94,961 SF)
APN
079-101.05-000
UPID
US80-2940029
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Murfreesboro Development Group LLC · 1 yrs held
Murfreesboro Development Group LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
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
$510,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $550k (Apr 29 2025)
Last sale anchor
$550k
Apr 29 2025
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
—
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
$11,226
Tax year 2023
Assessed value
$396,840
Assessed 2024
Previous assessed
$396,840
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$396,840
Land market value
$992,100
Total market value
$992,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.18 ac (94,961 SF)
APN
079-101.05-000
UPID
US80-2940029
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
Building & site characteristics
From public records
Heating
NONE
Lot
2.18 ac
Current owner
From public records · entity-resolved
Murfreesboro Development Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
105 RUSSELL ST, HAYTI, MO 63851-1300
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Murfreesboro Development Group LLC
Middle Tennessee Properties LLC
Quitclaim Deed
related
—
Sep 17, 2021
—
Middle Tennessee Properties LLC
—
Deed
related
$923,000 · Capstar Bank
Aug 11, 2021
—
Middle Tennessee Propertis LLC
Egbert Rebeiro
Quit Claim Deed
related
—
Sep 22, 2020
—
Egbert Rebeiro
—
Deed
related
$100,000 · First Com'l Bk
Aug 26, 2020
—
Egbert Rebeiro
—
Deed
related
$400,000 · First Com'l Bk
Aug 6, 2019
$550,000
Egbert Rebeiro
Smotherman,charles R & Jeffrey L
Warranty Deed
$412,500 · Charles R & Jeffrey L Smotherman
—
—
Egbert Rebeiro
—
Deed Of Trust
related
$400,000 · First Com'l Bk
—
—
Egbert Rebeiro
—
Deed Of Trust
related
$100,000 · First Com'l Bk
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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