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Property profile & analytics
OFF-MARKET
Strip malls
1004 Gallatin Ave Nashville, TN 37206-3232
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-0095510
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
2,400 SF
Lot
0.21 ac (9,148 SF)
Zoning code
SP
APN
083-01-0-158-00
UPID
US80-0095510
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
-
King Baby Studio - East Nashville (Bike/Boat/Book/etc) Store
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
Gary C Baker · 18 yrs held
Gary C Baker
since 2008
7 recorded transactions
Zoning & alternative use
SP · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to promote site specific development in the location, integration, and arrangement of land uses, buildings, structures, utilities, access, transi…
Zone name
Specific Plan
General category
UNKNOWN
Zone area
12,337.12 ac
Source
Zoning Ordinance
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
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
$6,803
Tax year 2023
Assessed value
$209,080
Assessed 2023
Previous assessed
$209,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$158,400
Assessed improvement
$50,680
Land market value
$396,000
Improvement market value
$126,700
Total market value
$522,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1961
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
2,400 SF
Lot
0.21 ac (9,148 SF)
Zoning code
SP
APN
083-01-0-158-00
UPID
US80-0095510
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Nashville, TNZoning SP · permitted uses
SP · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to promote site specific development in the location, integration, and arrangement of land uses, buildings, structures, utilities, access, transit, parking and streets. A site specific plan shall establish specific limitations and requirements, including any not addressed by this title, so as to respect the unique character and/or charm of abutting neighborhoods and larger community in which the property is located. A specific plan (SP) district may be applied to any property, or within any overlay district established by
Zone name
Specific Plan
General category
UNKNOWN
Zone area
12,337.12 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1961
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Gary C Baker
Individual
Mailing address
PO BOX 60824, NASHVILLE, TN 37206-0824
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
—
Gary C Baker
—
Deed
related
$1,980,000 · Fourth Capital Bank
Jul 19, 2019
—
Gary C Baker
—
Grant Deed
related
$2,228,000 · Pinnacle Bk
Nov 14, 2014
—
Gary C Baker
—
Grant Deed
related
$1,284,500 · Avenue Bk
Jan 8, 2008
$100
Gary C Baker
Baker,william A II
Quit Claim Deed
related
—
Aug 9, 2007
$125,000
William A Baker II
Benjamin B Lee
Warranty Deed
$100,000 · The Bank Of Nashville
Jan 21, 2004
—
Benjamin B Lee
Heritage Kl Properties
Quit Claim Deed
related
—
Oct 16, 2002
$90,000
Kl Properties Heritage
Knoble,david G & Suzanne E
Grant Deed
—
Oct 16, 1996
$52,000
David G Knoble JR.
White,nelle B
Grant Deed
—
—
—
Gary C|1114 Sharpetrust Baker
—
Deed Of Trust
related
$234,000 · Mary F Rudy
—
—
Gary C Baker
—
Deed Of Trust
related
$50,000 · Garry Edelman
—
—
William A Baker II
—
Deed Of Trust
related
$15,000 · Kevin A Lane
—
—
Gary C Baker
—
Deed Of Trust
related
$207,000 · Avenue 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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