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Property profile & analytics
OFF-MARKET
Outlet malls
880 Commercial Ct Murfreesboro, TN 37129-4951
Trust Owned
5-yr Hold
Free & Clear
Property ID
US80-0113470
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Total area
6,561 SF
Lot
1.01 ac (43,996 SF)
Zoning code
H-I
APN
102-019.24-000
UPID
US80-0113470
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
-
Benchmark Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brackin Trust · 5 yrs held
Brackin Trust
since 2020
Last sale
$379,000
7 recorded transactions
Zoning & alternative use
H-I · Murfreesboro, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
H-I, HEAVY INDUSTRIAL DISTRICT. This industrial district is intended to provide areas in which the principal uses permitted are manufacturing, wholesaling, or warehousing and which are accessible to major transportation routes. The regulations of this district are designed to minimize the adverse impact such uses may have on nearby districts. The uses permit…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,467.46 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$225,000
Assessed 2024
Previous assessed
$225,000
+0.0% YoY
Assessed land
$95,800
Assessed improvement
$129,200
Land market value
$239,500
Improvement market value
$323,000
Total market value
$562,500
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1997
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
6,561 SF
Lot
1.01 ac (43,996 SF)
Zoning code
H-I
APN
102-019.24-000
UPID
US80-0113470
Jurisdiction
RUTHERFORD
Zoning & alternative use
H-I · Murfreesboro, TNZoning H-I · permitted uses
H-I · Murfreesboro, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
H-I, HEAVY INDUSTRIAL DISTRICT. This industrial district is intended to provide areas in which the principal uses permitted are manufacturing, wholesaling, or warehousing and which are accessible to major transportation routes. The regulations of this district are designed to minimize the adverse impact such uses may have on nearby districts. The uses permitted in this district, the special uses that may be allowed in this district, and the uses for which site plan review and approval are required are listed in Chart 1 unless otherwise regulated in this article. The minimum lot and yard requirements, maximum height, and the land use intensity ratios which govern any use in this district are listed on Chart 2 unless otherwise regulated in this article.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,467.46 ac
Building & site characteristics
From public records
Year built
1997
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Brackin Trust
Trust
Free & Clear · 5 yrs held
Mailing address
7226 SHAGBARK LN, COLLEGE GROVE, TN 37046-8800
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2020
—
Brackin Trust
Wayne S Brackin
Quit Claim Deed
related
—
Aug 20, 2019
—
Wayne Scott Brackin JR
—
Deed
related
$140,000 · Cogent Bank
Apr 23, 2013
$379,000
Wayne S Jill P Brackin
Hicks Family Properties
Warranty Deed
$303,200 · First National Bank
Feb 28, 2006
$312,000
Hicks Family Properties
Warren,robert & Carol B
Warranty Deed
$319,540 · Regions Bank
Nov 24, 2003
$150,000
Robert Warren
Archery Center &
Grant Deed
—
Jul 13, 1993
$17,250
Investment Properties
Unknown
Grant Deed
—
Jul 12, 1993
$17,250
Investment Properties Etal
Unknown,
Grant Deed
—
—
—
Wayne S Brackin JR.
—
Loan Modification
related
$3,269 · First Nat'l Bk/mcminnville Tn
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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