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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Bars & Pubs
110 28th N Ave, Nashville, TN 37203-1412
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1872611
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1969
Total area
4,054 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MULTI-ZONE
APN
104-03-0-005-00
UPID
US80-1872611
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
-
The Local Nashville Restaurant
-
Music Row Freakshow Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$630k
Owner & transaction history
John J Leonard · 3 yrs held
John J Leonard
since 2022
Last sale
$650,000
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
$600,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $650k (Dec 16 2022)
Last sale anchor
$650k
Dec 16 2022
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
$155 / 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
$23,083
Tax year 2023
Assessed value
$709,360
Assessed 2023
Previous assessed
$709,360
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$375,000
Assessed improvement
$334,360
Land market value
$937,500
Improvement market value
$835,900
Total market value
$1,773,400
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1969
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,054 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MULTI-ZONE
APN
104-03-0-005-00
UPID
US80-1872611
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.
Building & site characteristics
From public records
Year built
1969
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
John J Leonard
Individual
Mailing address
1909 OAKHAMPTON PL, BRENTWOOD, TN 37027-4830
Ownership since
2022
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
Dec 16, 2022
—
John J Leonard
110 28th Avenue North LLC
Quit Claim Deed
related
—
May 19, 2016
—
110 28th Avenue North LLC
—
Deed
related
$195,000 · Pathway Lndg
Feb 24, 2015
$650,000
110 28th Avenue North LLC
Bobby L Lynn
Special Warranty Deed
$500,000 · Servisfirst Bank
Jun 14, 2007
—
Bonnie M Lynn
Lynn,bobby L
Quit Claim Deed
related
—
—
—
Lynn,bobby L & Bonnie M
—
Loan Modification
related
—
—
—
110 28th Avenue North LLC
—
Deed Of Trust
related
$195,000 · Pathway Lndg
—
—
Bobby L Lynn
—
Deed Of Trust
related
$134,700 · Amsouth Bank
—
—
Bobby L Lynn
—
Deed Of Trust
related
$130,350 · Amsouth Bank
—
—
Bobby L Lynn
—
Deed Of Trust
related
$200,000 · Amsouth 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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