Property profile

511 Memorial Blvd Murfreesboro, TN 37129

OFF-MARKET
Retail space
Property ID
US80-0385129
2,430 SF 0.33 ac lot Built 1968
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Construction FRAME
Total area 2,430 SF
Lot 0.33 ac (14,418 SF)
APN 091K-B-004.00-000
UPID US80-0385129

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
  • Eye Care Center
  • Physician
  • Physician
  • Ophthalmologist
  • (Bike/Boat/Book/etc) Store

Location

511 Memorial Blvd Murfreesboro, TN 37129-2727
Murfreesboro metro Census 41700 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
$435k
Comparable Approach Comparable
$585k
Blend (final) Blend
$700k

Owner & transaction history

since 2022
Last sale
$642,500
7 recorded transactions
2022
$642,500
2020
Price N/A
2016
Price N/A
2012
$287,000
2010
$270,000
2008
$425,000
2003
$85,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $740,000 +47.5%

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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