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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Medical Office Space
528 University St Murfreesboro, TN 37130-3012
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0980889
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
FRAME
Total area
4,702 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CM-R
APN
091L-F-001.00-000
UPID
US80-0980889
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
-
Shyam A. Jha, MD Medical Clinic
-
Dr. N. Rao Chunduru Pediatrician Physician
-
Mudumbi Saran V MD. Child, Adult Psychiatrist Physician
-
Psychiatric Associates Medical Clinic
-
Kondapavuluru Prasad V MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$880k
Owner & transaction history
Chunduru Family Ptshp
Chunduru Family Ptshp
2 recorded transactions
Zoning & alternative use
CM-R · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+41.6%
Auto repair, garage
$1.1M
+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%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$875,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,135,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$187 / 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
$10,249
Tax year 2023
Assessed value
$362,320
Assessed 2024
Previous assessed
$362,320
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$98,680
Assessed improvement
$263,640
Land market value
$246,700
Improvement market value
$659,100
Total market value
$905,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1999
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
4,702 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CM-R
APN
091L-F-001.00-000
UPID
US80-0980889
Jurisdiction
RUTHERFORD
Zoning & alternative use
CM-R · Murfreesboro, TN
Zoning CM-R · permitted uses
CM-R · 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
MEDICAL BUILDING Current
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
OFFICE BUILDING
Est. value
$710,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1999
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Rooms
8
Bathrooms
3
Lot
0.41 ac
Current owner
From public records · entity-resolved
Chunduru Family Ptshp
Individual
Mailing address
3119 SAINT JOHNS DR, MURFREESBORO, TN 37129-5835
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Chunduru Family Ptshp
—
Deed Of Trust
related
$550,000 · Us Bk
—
—
Chunduru Family Ptshp
—
Deed Of Trust
related
$431,825 · Us Bank NA
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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