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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Medical Office Space
726 Church St Murfreesboro, TN 37130-4933
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0837382
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
8,128 SF
Lot
1.6 ac (69,696 SF)
APN
102C-G-007.00-000
UPID
US80-0837382
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
-
Tejal Patel Physician
-
Lisa Jack Physician
-
Margaret Disheroon Physician
-
Mr. Kevin Clemons Physician
-
Image Clear Ultrasound Middle TN Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.78M
Owner & transaction history
Portico INC · 4 yrs held
Portico INC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+41.6%
Auto repair, garage
$2.0M
+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
$2,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,515,000
Current use
COMMERCIAL (GENERAL)
$2,145,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,960,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,375,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$1,225,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±10% · vs last sale $1.90M (Mar 24 2022)
Last sale anchor
$1.90M
Mar 24 2022
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
$219 / 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
Land market value
$638,600
Improvement market value
$1,280,400
Total market value
$1,919,000
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
1987
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
3
Bathrooms
5
Total area
8,128 SF
Lot
1.6 ac (69,696 SF)
APN
102C-G-007.00-000
UPID
US80-0837382
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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
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
1987
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
3
Bathrooms
5
Lot
1.6 ac
Current owner
From public records · entity-resolved
Portico INC
Entity
Mailing address
726 S CHURCH ST, MURFREESBORO, TN 37130-4933
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
$1,895,000
Portico INC
T Wayne Belt
Warranty Deed
$824,275 · T Wayne Belt Etux
Apr 1, 2021
$1,600,000
T Wayne Belt
John Daniel Rudd
Warranty Deed
—
Nov 14, 2018
$1,000,000
John D Rudd
Kirkland Finl LLC
Grant Deed
$850,000 · Volunteer St Bk
Aug 21, 2018
$671,012
Kirkland Finl LLC
Russell Edward D|josovitz Properties LLC
Trustees Deed
related
—
Jul 25, 2016
—
Jasovitz Properties LLC
—
Deed
related
$561,813 · Kirkland Financial LLC
Aug 20, 2007
—
Josovitz Properties LLC
Josovitz,mark S & Deirdre A
Quit Claim Deed
related
$1,450,000 · First Tennessee Bank National
Oct 16, 2006
$1,000,000
Mark S Josovitz
Adams & Parks Investments
Warranty Deed
$1,300,000 · First Tennessee Bank National
Nov 5, 1990
$2,000
Wendell O Mandrell
Unknown
Grant Deed
related
—
—
—
Josovitz Properties LLC
—
Deed Of Trust
related
$561,813 · Kirkland Fin'l
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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