Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1201 Graycroft Ave Nashville, TN 37115

    • Land
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1201 Graycroft Ave

    Lot size
    1.04 lot acres
    Property type
    Land

    Description

    This exceptional 1.04-acre corner lot presents a unique investment opportunity in Nashville, Tennessee. Situated at 1201 S Graycroft Ave, in the desirable Madison neighborhood, this property boasts a prime location with high visibility. The lot is zoned ON (Office Neighborhood), offering flexibility for various commercial and residential developments. A 2024 hydrology study has already been completed, streamlining the development process. The property's strategic location at a lighted intersection experiences a daily traffic count exceeding 16,000 (recorded in 2023), ensuring significant exposure. Architectural site plan renderings are available as examples to inspire potential development ideas. The existing single-family home (built in 1961, 1,960 sq ft, 3 bedrooms, 2.5 bathrooms) is owner-occupied and should not be disturbed. The property's APN is 051-06-0-039.00, and it's offered as a fee simple ownership. Located in Davidson County, TN, zip code 37115, this property combines suburban tranquility with easy access to downtown Nashville's amenities. The property's transition policy code is T3 Suburban. This is a rare opportunity to acquire a substantial parcel of land in a thriving area with significant development potential. The combination of high traffic count, favorable zoning, and completed hydrology study makes this an attractive proposition for discerning investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.734
    Latitude
    36.2488

    Comparable in this City

    • Value Estimation by Request
      2.52 Acres

      210 Nesbitt Ln

      Land • 2.52 Acres
      210 Nesbitt Ln, Nashville, TN 37115
      View Details
    • Value Estimation by Request
      0.20 Acres

      1118 Old Hickory Blvd

      Office Properties & Spaces • 0.20 Acres
      1118 Old Hickory Blvd, Nashville, TN 37115
      View Details
    • Value Estimation by Request
      0.65 Acres

      815 Gallatin Pike

      Land • 0.65 Acres
      815 Gallatin Pike, Nashville, TN 37115
      View Details
    • Value Estimation by Request
      5.50 Acres

      591 Dupont Ave

      HIGH-RISE APARTMENTS • 5.50 Acres
      591 Dupont Ave, Madison, TN 37115-3220
      View Details
    • Value Estimation
      $705,000
      38,990 SF

      600 Creative Way

      HIGH-RISE APARTMENTS • 38,990 SF
      600 Creative Way, Madison, TN 37115-2961
      View Details
    • Value Estimation
      $350,000
      22,231 SF

      555 Creative Way

      HIGH-RISE APARTMENTS • 22,231 SF
      555 Creative Way, Madison, TN 37115-2986
      View Details

    Similar Nearby for Sale

    • $310,000
      1,812 SF

      Renovated Farmhouse-Style Home in Madison

      Beautifully renovated farmhouse-style home in Madison, Tennessee with community amenities.
      1003 Heritage Dr, Madison, TN 37115
      View Details
    • $899,900
      1 SF

      Nashville Shovel-Ready Residential Development

      Entitled 14-lot development opportunity in Nashville with STR eligibility.
      901 Roosevelt Ave, Madison, TN 37115
      View Details
    • $2,650,000

      Corner Lot with Great Visibility

      Corner lot with high traffic and zoning flexibility.
      513-523 Gallatin Pike S, Madison, TN 37115
      View Details
    • $5,995,000
      25,269 SF

      Renovated Retail/Office Flex Building

      Renovated commercial building in Rivergate, leased to national tenant.
      1717 Gallatin Pike N, Madison, TN 37115
      View Details
    • $1,300,000
      5,600 SF

      Madison Retail Space - Prime Location

      High-traffic retail space, 5,600 sq ft, 0.85 acres.
      222 Gallatin Pike, Madison, TN 37115
      View Details
    • $650,000
      5,000 SF

      Madison Retail & Warehouse Opportunity

      High-traffic location, excellent income stream.
      119 Old Hickory Blvd, Madison, TN 37115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Zoned CS land available for rent in Madison, TN.
      103 W Webster St, Madison, TN 37115
      View Details
    • Contact for pricing

      Prime Land in Nashville Metro

      3.14-acre property with frontage on Myatt Drive in Madison.
      429 Myatt Dr, Madison, TN 37115
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in RiverGate Center

      Retail space available in a community strip center.
      2050 Gallatin Pike N, Madison, TN 37115
      View Details
    • Contact for pricing
      99,400 SF

      Retail Space in Madison, TN

      Retail spaces available in shopping center anchored by Walmart.
      109-111 Gallatin Pike N, Madison, TN 37115
      View Details
    • Contact for pricing
      2,932 SF

      Retail Building in Madison, TN

      2,932 SF stand-alone building on 1.11 acre parcel.
      650 Gallatin Pike N, Madison, TN 37115
      View Details
    • $9 SF/Yr
      6,563 SF

      Versatile Retail Space For Rent

      Adaptable retail, storage, or office space with ample parking.
      900-1066 Madison Sq, Madison, TN 37115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Graycroft Ave
    Nashville, TN 37115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.