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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Warehouses
412 Golden Bear Ct Murfreesboro, TN 37128-5514
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US80-0887473
Property summary
AI-generated overview
This exceptional ±9,047 square foot flex space, situated on a 2.64-acre lot in Murfreesboro's thriving Light Industrial submarket, presents a unique leasing opportunity. The single, two-story building, constructed in 2008, offers a versatile layout ideal for a variety of businesses. The property boasts a total of 25,168 square feet, with ±9,047 square feet currently available for lease, commencing January 1, 2025. The space features a 25-foot clear height, providing ample room for operations and storage. Robust electrical infrastructure is in place, including 200 amp, 120/208 volt, 3-phase power. Convenient access is provided off S. Church Street, with excellent visibility to I-24, ensuring easy commutes and high visibility for your business. Ample parking is available for tenants and visitors, with security lighting enhancing safety and security. The property's APN is R0071414 and is zoned for Light Industrial use. With 70 total parking spaces, this property offers a complete and functional space for your business needs. Don't miss this chance to secure a prime location in a rapidly growing area.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
23,024 SF
Lot
2.64 ac (114,998 SF)
Zoning code
L-I
APN
113-007.08-000
UPID
US80-0887473
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
-
Fingerprints and More Fingerprinting Service
-
Tim Montgomery, CPA PLLC Accounting Firm
-
Polyguard of Tennessee General Contractor Renovation Specialist
-
Jevo Holdings, LLC Industrial Manufacturer Production Facility
-
Ashton Smith, APIO Media Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Wheatfield Investment LLC · 19 yrs held
Wheatfield Investment LLC
since 2007
5 recorded transactions
Zoning & alternative use
L-I · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,515,000
Current use
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$76 / 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
$22,289
Tax year 2023
Assessed value
$787,920
Assessed 2024
Previous assessed
$787,920
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$245,280
Assessed improvement
$542,640
Land market value
$613,200
Improvement market value
$1,356,600
Total market value
$1,969,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
3
Total area
23,024 SF
Lot
2.64 ac (114,998 SF)
Zoning code
L-I
APN
113-007.08-000
UPID
US80-0887473
Jurisdiction
RUTHERFORD
Zoning & alternative use
L-I · Murfreesboro, TN
Zoning L-I · permitted uses
L-I · 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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
WAREHOUSE, STORAGE Current
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
3
Lot
2.64 ac
Current owner
From public records · entity-resolved
Wheatfield Investment LLC
Entity
Mailing address
412 GOLDEN BEAR CT STE B, MURFREESBORO, TN 37128-5515
Ownership since
2007
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
Apr 22, 2022
—
Wheatfield Investment LLC
—
Deed
related
$2,600,000 · First Horizon Bank
Mar 30, 2007
—
Wheatfield Investment LLC
Smith,blake
Quit Claim Deed
related
$1,700,000 · First Tennessee Bank National
Oct 23, 2006
$445,000
Blake Smith
Smith & Hickerson Ptshp
Grant Deed
related
—
Oct 14, 2004
$237,000
Smith Ptshp
Southgate Developers LLC
Warranty Deed
—
—
—
Wheatfield Investment LLC
—
Deed Of Trust
related
$1,700,000 · First Tennessee Bank National
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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