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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Office buildings
117 28th N Ave Nashville, TN 37203-1411
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1414253
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
6,337 SF
Lot
0.13 ac (5,663 SF)
Zoning code
MULTI-ZONE
APN
104-02-0-353-00
UPID
US80-1414253
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
-
Katz Louise Physician Medical Clinic
-
Acapulco West End Restaurant
-
Nelson Rose PhD Physician Medical Clinic
-
Bruehl Richard G PhD Family Counselor Counselor
-
Parkinson Glenda Psychotherapist Social Worker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.76M
Owner & transaction history
Sher LLC · 1 yrs held
Sher LLC
since 2025
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+81.6%
Warehouse, storage
$3.4M
+60.0%
Neighborhood: shopping center
$3.4M
+58.6%
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
$2,940,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,115,000
Current use
AUTO REPAIR, GARAGE
$3,840,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,385,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,355,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$2,930,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$2,210,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±10% · vs last sale $2.50M (Feb 3 2025)
Last sale anchor
$2.50M
Feb 3 2025
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
$435 / 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
$14,467
Tax year 2023
Assessed value
$444,600
Assessed 2023
Previous assessed
$364,400
+22.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$300,000
Assessed improvement
$144,600
Land market value
$750,000
Improvement market value
$361,500
Total market value
$1,111,500
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
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
9
Bathrooms
2
Total area
6,337 SF
Lot
0.13 ac (5,663 SF)
Zoning code
MULTI-ZONE
APN
104-02-0-353-00
UPID
US80-1414253
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
RETAIL STORES
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1920
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Sher LLC
Entity
Mailing address
6032 GARDENDALE DR, NASHVILLE, TN 37215-5702
Ownership since
2025
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
Feb 3, 2025
$2,500,000
Sher LLC
Mb General Partnership
Warranty Deed
$2,000,000 · Studio Bank
Mar 15, 2021
$911,000
Mb
Viener Fest LLC
Warranty Deed
$774,350 · Studio Bank
Feb 4, 2019
—
Viener Fest LLC
—
Deed
related
$207,000 · Truxton Trust Co
Oct 8, 2014
—
Viener Fest LLC
Yates,carolyn A
Quit Claim Deed
related
—
Oct 24, 2011
$425,000
Carolyn A Yates
Logan,thomas P & Jimmi H
Warranty Deed
$216,339 · Southern Community 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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