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Property profile & analytics
OFF-MARKET Estimated value $1,230,000
Medical Office Space

611-615 Highland Ave Murfreesboro, TN 37130

8,046 SF 0.62 ac lot Built 2000
Individually Owned 4-yr Hold Free & Clear
Property ID
US80-1890431
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2000
Construction FRAME
Total area 8,046 SF
Lot 0.62 ac (26,833 SF)
Zoning code CM-R
APN 091L-E-022.00-000
UPID US80-1890431
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
$1.51M
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.23M
Owner & transaction history
Terry Cline · 4 yrs held
Terry Cline
since 2022
Last sale
$1.2M
5 recorded transactions
2022
$1.2M
2021
$100,000
2013
Price N/A
2001
Price N/A
1999
$97,500
Zoning & alternative use
CM-R · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CM-R, MEDICAL DISTRICT RESIDENTIAL. The purpose of this district is provide a zoning category devoted primarily to health-related uses. This district is designed to permit the development, expansion and modernization of hospitals, clinics, medical laboratories, and medical offices. The uses permitted in this district, the special uses that may be allowed in…

Zone name Medical District Residential
General category CIVIC_INSTITUTIONAL
Zone area 65.18 ac
Top alternative use upside
Auto repair, garage $1.9M +29.4%
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