Technical
Financial
Distress signals
Property profile

509-511 Highland Ter Murfreesboro, TN 37130

OFF-MARKET
Medical Office Space
Property ID
US80-1664129
3,127 SF 0.71 ac lot Built 1982
Entity Owned 24-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction FRAME
Total area 3,127 SF
Lot 0.71 ac (31,145 SF)
Zoning code CM
APN 091D-E-027.00-000
UPID US80-1664129

Cap rate & NOI

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

Location

509-511 Highland Ter Murfreesboro, TN 37130
Murfreesboro metro Census 41601 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
$585k
Comparable Approach Comparable
$498k
Blend (final) Blend
$300k

Owner & transaction history

since 2002
7 recorded transactions
2019
Price N/A
2002
Price N/A
1997
Price N/A
1992
$200,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CM · Murfreesboro, TN
Zoning description

CM, MEDICAL DISTRICT COMMERCIAL. The purpose of this district is to provide a zoning category devoted primarily to health-related uses. This district is designed to permit the development, expansion and modernization of…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $825,000 +41.6%
Auto repair, garage $755,000 +29.4%

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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