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Property profile & analytics
OFF-MARKET
Commercial land
Elam Farms Pkwy Murfreesboro, TN 37127
Individually Owned
Property ID
US80-2530055
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.4 ac (60,984 SF)
APN
126-050.00-000
UPID
US80-2530055
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Manuel Cervera
Manuel Cervera
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Tax billed
$4,646
Tax year 2023
Assessed value
$164,240
Assessed 2024
Previous assessed
$164,240
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$164,240
Land market value
$410,600
Total market value
$410,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.4 ac (60,984 SF)
APN
126-050.00-000
UPID
US80-2530055
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
Building & site characteristics
From public records
Heating
NONE
Lot
1.4 ac
Current owner
From public records · entity-resolved
Manuel Cervera
Individual
Mailing address
PO BOX 144, BELL BUCKLE, TN 37020-0144
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
$655,000
Manuel Cervera
Vls Trust
Warranty Deed
$250,000 · Pinnacle Bank
Jun 1, 2023
—
John K Harrison II
Eugene E Schaefer
Quit Claim Deed
related
—
May 18, 2023
—
Eugene E Schaefer
Virginia L Stewart
Quit Claim Deed
related
—
Sep 14, 2018
$541,088
Cvhc8 LLC
Stewart,virginia L
Warranty Deed
$504,092 · First Cmrc Bk
Aug 23, 2018
$650,000
Om Saai LLC
Stewart,virginia L
Warranty Deed
$487,500 · Progressive Svgs Bk
Jul 17, 2018
—
Virginia L Stewart
Elam Road Partners
Grant Deed
related
—
Sep 8, 2017
$725,000
Jose Onate
Elam Road Ptshp
Warranty Deed
$400,000 · First Vision Bk/tn-tullahoma
Sep 7, 2017
$1,473,417
Virginia L Stewart
Elam Road Ptshp
Warranty Deed
—
Sep 5, 2017
$225,000
Waffle House INC
Elam Road Ptshp
Warranty Deed
—
May 5, 2016
$2,010,625
Key Family Investments LLC
Keystops Murfreesboro Exchange
Grant Deed
$6,000,000 · Bank Of America
Dec 17, 2015
$2,000,000
Keystops Murfreesboro Exchange
Elam Road Ptshp
Warranty Deed
$2,010,628 · Keystops LLC
Oct 9, 2009
—
Ashley Hastings Family LP 1
Denny Hastings Family LP 2
Quit Claim Deed
related
—
May 3, 2007
$189,990
Kevin Cozart
Rdk Homes Of Tennessee
Warranty Deed
$194,074 · Countrywide Home Loans INC
Sep 15, 2005
$5,877,325
Dunavant Ents INC
Elam Road Ptshp
Warranty Deed
—
Sep 12, 2005
—
Industrial Dev Board Of Rutherfor
Elam Road Ptshp
Warranty Deed
related
—
Aug 30, 2005
$645,000
Industrial Dev Board Of Rutherfor
Smith & Hickerson Ptshp
Warranty Deed
—
Jul 15, 2005
$31,000
Howard L Spain JR.
Ff & J Venturers
Warranty Deed
—
Jul 11, 2005
$278,250
Goddard Homes LLC
Flecboa INC
Warranty Deed
$236,512 · Bank Of The South
Jul 11, 2005
$39,750
Goddard Homes LLC
Flecboa INC
Warranty Deed
$144,000 · Regions Bank
Jul 11, 2005
$42,000
C & M Ents INC
Bmb Dev LLC
Grant Deed
$198,800 · Cavalry Banking
Jul 7, 2005
—
Industrial Dev Board Of Rutherfor
Smith & Hickerson Ptshp
Warranty Deed
related
—
Jun 14, 2005
—
Industrial Dev Board Of Rutherfor
Smith & Hickerson Ptshp
Warranty Deed
related
—
Oct 18, 2004
$6,160,065
Dunavant Ents INC
Elam Road Ptshp
Warranty Deed
—
Sep 10, 2004
—
William V Underwood Con
Underwood,vernell C & Wendy L
Quit Claim Deed
related
—
Jul 6, 2004
—
Denny F Hastings II
Elam Road Partne
Grant Deed
related
—
Mar 8, 2001
—
City Of Murfreesboro
Elam Road P
Trustees Deed
related
—
Jun 22, 1992
$800,000
Elam Road Partnership
Unknown
Grant Deed
related
—
Feb 1, 1988
$723,423
Robert A Parks
Unknown,
Grant Deed
related
—
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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