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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Office buildings
1015 Kirkland Ave Nashville, TN 37216-3004
Trust Owned
20-yr Hold
~
Est. High Equity
Property ID
US80-0071757
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Total area
8,200 SF
Lot
8.39 ac (365,468 SF)
Zoning code
IR
APN
072-02-0-053-00
UPID
US80-0071757
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
-
S & B Countertops Kitchen & Bath Showroom Hardware & Home Improvement
-
Studio305 Photography Service (Bike/Boat/Book/etc) Store
-
studio kgm inc Photography Service (Bike/Boat/Book/etc) Store
-
The Backlot Studio Film Production
-
Little Things Studio Big Box & Wholesale 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
$2.82M
Owner & transaction history
Stevenson Trust No 7 · 20 yrs held
Stevenson Trust No 7
since 2006
7 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+71.9%
Restaurant
$4.1M
+69.1%
Retail stores
$3.8M
+58.4%
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
OFFICE BUILDING
$2,395,000
Current use
COMMERCIAL (GENERAL)
$4,115,000
Change: +72% · Conversion: Easy
RESTAURANT
$4,050,000
Change: +69% · Conversion: Moderate
RETAIL STORES
$3,790,000
Change: +58% · Conversion: Moderate
MEDICAL BUILDING
$2,860,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,375,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,015,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±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
$343 / 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
Tax billed
$68,810
Tax year 2023
Assessed value
$2,114,640
Assessed 2023
Previous assessed
$2,032,480
+4.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$402,720
Assessed improvement
$1,711,920
Land market value
$1,006,800
Improvement market value
$4,279,800
Total market value
$5,286,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Heating
SPACE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
8,200 SF
Lot
8.39 ac (365,468 SF)
Zoning code
IR
APN
072-02-0-053-00
UPID
US80-0071757
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · 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
OFFICE BUILDING Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
Est. value
$4.1M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
Year built
1958
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
8.39 ac
Current owner
From public records · entity-resolved
Stevenson Trust No 7
Trust
Mailing address
4124 FRANKLIN PIKE, NASHVILLE, TN 37204-4405
Ownership since
2006
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 6, 2019
—
Stevenson 7 Trust No
—
Deed
related
$493,000 · Firstbank
Apr 24, 2019
—
Stevenson Trust
—
Deed
related
$1,907,180 · Firstbank
Sep 22, 2017
—
7 Stevenson N Trust
—
Deed
related
$200,000 · Firstbank
Jun 7, 2006
—
Stevenson Trust No 7
Stevenson,john E
Quit Claim Deed
related
—
May 18, 2006
—
John E Stevenson
J E Stevenson
Intrafamily Transfer
related
$2,625,000 · Branch Banking And Trust Co
Nov 14, 2003
$500,000
Stevenson,j E Tr
Wakefield,m L Est
Grant Deed
$375,000 · Amsouth Bank
—
—
Stevenson Trust
—
Deed Of Trust
related
$1,907,180 · Firstbank
—
—
Stevenson 7 Trust No
—
Deed Of Trust
related
$493,000 · Firstbank
—
—
7 Stevenson N Trust
—
Deed Of Trust
related
$200,000 · Firstbank
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.
Try Rey
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