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Property profile & analytics
OFF-MARKET
Estimated value
$5,885,000
Medical Office Space
5109 Veterans Pkwy Murfreesboro, TN 37128-4375
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-0938639
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
FRAME
Total area
34,284 SF
Lot
4.75 ac (206,910 SF)
APN
093-001.23-000
UPID
US80-0938639
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
-
Nicholas Shepard Physician
-
Timothy Steinagle Physician
-
Tennessee Orthopaedic Alliance - Murfreesboro Westlawn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.43M
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$5.89M
Owner & transaction history
WESTLAWN PROPERTIES LLC
WESTLAWN PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.3M
+29.4%
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%
$6,965,000
6.5%
$6,430,000
7%
$5,970,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,385,000
Current use
AUTO REPAIR, GARAGE
$8,265,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$6,215,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,800,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$5,540,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$5.89M
Range $5.30M – $6.47M · ±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
$172 / 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
$157,639
Tax year 2023
Assessed value
$5,572,640
Assessed 2024
Previous assessed
$5,572,640
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,088,200
Assessed improvement
$4,484,440
Land market value
$2,720,500
Improvement market value
$11,211,100
Total market value
$13,931,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Construction
FRAME
Heating
ZONE
Cooling
YES
Units
1
Total area
34,284 SF
Lot
4.75 ac (206,910 SF)
APN
093-001.23-000
UPID
US80-0938639
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$8.3M
RETAIL STORES
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2021
Construction
FRAME
Heating
ZONE
Cooling
Yes
Units
1
Lot
4.75 ac
Current owner
From public records · entity-resolved
WESTLAWN PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8 CITY BLVD STE #300, NASHVILLE, TN 37209-2560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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