Property profile

505 Cason Ln 517 Murfreesboro, TN 37128

OFF-MARKET
Strip malls
Property ID
US80-0520324
17,880 SF 1.66 ac lot Built 2006
Individually Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction FRAME
Total area 17,880 SF
Lot 1.66 ac (72,397 SF)
APN 101C-G-001.00-000
UPID US80-0520324

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spa & Massage Center Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Restaurant
  • Hair Salon Nail Salon

Location

505 Cason Ln, Unit 517 Murfreesboro, TN 37128-4902
Murfreesboro metro Census 40904 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.56M
Blend (final) Blend
$535k

Owner & transaction history

since 2015
6 recorded transactions
2015
Price N/A
2015
$2.5M
2011
$1.5M
2010
$1.6M
2008
$3.6M
2005
$802,500

Zoning & alternative use

Top alternative use upside
Medical building $3.3M +10.0%
Retail stores $3.2M +7.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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