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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Warehouses
405 Northfield Blvd Murfreesboro, TN 37129-0500
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-3421187
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
FRAME
Total area
27,600 SF
Lot
2.26 ac (98,446 SF)
APN
080M-A-009.01-000
UPID
US80-3421187
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
-
Megan Martin Physician
-
Northboro Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$1.94M
Owner & transaction history
Tnc Murfreesboro Storage LLC · 11 yrs held
Tnc Murfreesboro Storage LLC
since 2015
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±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
$70 / 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
$15,680
Tax year 2023
Assessed value
$554,320
Assessed 2024
Previous assessed
$554,320
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$301,120
Assessed improvement
$253,200
Land market value
$752,800
Improvement market value
$633,000
Total market value
$1,385,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
27,600 SF
Lot
2.26 ac (98,446 SF)
APN
080M-A-009.01-000
UPID
US80-3421187
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
Year built
1985
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Tnc Murfreesboro Storage LLC
Entity
Mailing address
1014 PARIS AVE, NASHVILLE, TN 37204-2520
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2019
—
Tnc Murfreesboro Storage LLC
—
Deed
related
$650,000 · Tennessee Bk
Dec 13, 2018
—
Tnc Murfreesboro Storage LLC
—
Deed
related
$2,175,000 · Tennessee Bk
Apr 24, 2015
$1,800,000
Tnc Murfreesboro Storage LLC
Store It All LLC
Warranty Deed
related
$1,372,500 · C-iii Com'l Mtg
Sep 6, 2006
$950,000
Store It All LLC
Tinsley,harry C III
Grant Deed
$825,000 · Capital Bank & Trust Co
Sep 30, 2005
$760,000
Harry C Tinsley III
Security Self Storage
Warranty Deed
$570,000 · First Tennessee Bank National
—
—
Tnc Murfreesboro Storage LLC
—
Deed Of Trust
related
$650,000 · Tennessee Bk
—
—
Tnc Murfreesboro Storage LLC
—
Deed Of Trust
related
$2,175,000 · Tennessee 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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