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Property profile & analytics
OFF-MARKET
Estimated value
$9,725,000
Commercial land
150 3rd S Ave Nashville, TN 37201-2011
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1205955
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
26,796 SF
Lot
1.61 ac (70,132 SF)
Zoning code
MULTI-ZONE
APN
093-06-4-063-00
UPID
US80-1205955
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
-
Powell Tracy A Law Firm Insurance Agency
-
Ison Mark A Law Firm
-
Baldwin Russell S Law Firm
-
The Southern Steak & Oyster Restaurant
-
LFP Advisors Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.45M
Blend (final)
Blend
$9.73M
Owner & transaction history
Owner Name Unavailable · 18 yrs held
Owner Name Unavailable
since 2007
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,450,000
Current use
RESTAURANT
$13,230,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$12,390,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$11,745,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$9.73M
Range $8.75M – $10.70M · ±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
$363 / 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
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
Cooling
CENTRAL
Total area
26,796 SF
Lot
1.61 ac (70,132 SF)
Zoning code
MULTI-ZONE
APN
093-06-4-063-00
UPID
US80-1205955
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.5M
RESTAURANT
Est. value
$13.2M
RETAIL STORES
Est. value
$12.4M
OFFICE BUILDING
Est. value
$11.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
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
Heating
NONE
Cooling
Yes
Lot
1.61 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 18 yrs held
Mailing address
4407 IROQUOIS AVE, NASHVILLE, TN 37205-3831
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Sep 14, 2023
—
Eric Lee Marksbury
—
Deed
related
$122,701 · Pinnacle Bank
Apr 18, 2023
—
Old Franklin Road LLC
—
Deed
related
$1,500,000 · Pinnacle Bank
Jun 10, 2022
—
Kathy E Corley
—
Deed
related
$75,000 · Pinnacle Bank
Jul 20, 2021
—
Patterson Company LLC
—
Deed
related
$12,000,000 · Pinnacle Bank
Apr 25, 2017
—
Hrlp Pinnacle LLC
—
Trustees Deed
related
$100,000,000 · Miscellaneous Ins Co
Sep 12, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 12, 2007
—
2nd & Dem LLC
Carell Family LLC
Quit Claim Deed
related
—
Oct 6, 1995
$2,840,000
Carell Family LLC
Central Parking
Grant Deed
—
—
—
Nashville Pinnacle LLC
—
Deed Of Trust
related
$136,800,000 · Wells Fargo Bank
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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