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Property profile & analytics
FOR SALE
Office Spaces
111 Nashville Hwy Columbia, TN 38401
Entity Owned
Free & Clear
Property ID
US80-3204615
For Sale
1 / 9
$2,100,000
111 Nashville Hwy, Columbia, TN 38401
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,040 SF
Lot
1.67 ac (72,745 SF)
Zoning code
GCS
APN
060090I A 00600
UPID
US80-3204615
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
-
MUSCLE MEN MOVERS Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$675k
Owner & transaction history
Bell Group LLC
Bell Group LLC
since 2026
Last sale
$665,000
5 recorded transactions
Zoning & alternative use
GCS · Columbia, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+51.5%
Retail stores
$575,000
+14.7%
Auto repair, garage
$555,000
+10.0%
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$500,000
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
MEDICAL BUILDING
$760,000
Change: +52% · Conversion: Easy
RETAIL STORES
$575,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$555,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $665k (Jan 16 2026)
Last sale anchor
$665k
Jan 16 2026
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
$134 / 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
$5,191
Tax year 2023
Assessed value
$271,800
Assessed 2023
Previous assessed
$271,800
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$191,040
Assessed improvement
$80,760
Land market value
$477,600
Improvement market value
$201,900
Total market value
$679,500
Applied tax rate
60.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
5,040 SF
Lot
1.67 ac (72,745 SF)
Zoning code
GCS
APN
060090I A 00600
UPID
US80-3204615
Jurisdiction
MAURY
Zoning & alternative use
GCS · Columbia, TN
Zoning GCS · permitted uses
GCS · Columbia, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$760,000
RETAIL STORES
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$555,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
1.67 ac
Current owner
From public records · entity-resolved
Bell Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
150 3RD AVE S STE #700, NASHVILLE, TN 37201-2021
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
$665,000
Bell Group LLC
Pinnacle Bank
Warranty Deed
—
Mar 9, 2023
—
Pinnacle Bank
Pinnacle Bank
Intrafamily Transfer
related
—
Jan 30, 2023
—
Pinnacle Bank
Pinnacle Bank
Intrafamily Transfer
related
—
Jan 23, 2019
—
Hunt Properties Gp
Jrn INC
Quit Claim Deed
related
—
Oct 28, 2008
$375,000
Robert J Lenard SR.
Local Union No 912 Intl
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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