Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    117 2Nd Ave N Nashville, TN 37201

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 2Nd Ave N Nashville, TN 37201

    View on Map
    • Office buildings
    • 4,519 SF
    • 0.06 lot acres
    For Sale
    $5,750,000
    View Listing →
    Downtown Nashville Retail Opportunity For Sale
    $5,750,000
    4,500 SF

    Downtown Nashville Retail Opportunity

    Retail building in downtown Nashville's entertainment district for sale.

    117 2nd Ave N, Nashville, TN
    View Listing
    Property ID
    US80-1974567
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 117 2Nd Ave N

    Year built
    1900
    Lot size
    0.06 lot acres
    Property size
    4,519 SF
    Zone code
    DTC
    Property type
    Office buildings
    APN
    093-06-2-051-00
    APU
    9306205100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7758
    Latitude
    36.1624
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,165
    $448,800
    $383,640
    $832,440
    -
    $1,122,000
    $959,100
    $2,081,100

    Comparable in this City

    • Value Estimation
      $1,310,000
      4,212 SF

      218 3rd Ave Nb

      OFFICE BUILDING • 4,212 SF
      218 3rd Ave Nb, Nashville, TN 37201-1624
      View Details
    • Value Estimation
      $6,010,000
      43,637 SF

      101 Church St

      OFFICE BUILDING • 43,637 SF
      101 Church St, Nashville, TN 37201-1609
      View Details
    • Value Estimation by Request
      8,294 SF

      217 2nd N Ave

      OFFICE BUILDING • 8,294 SF
      217 2nd N Ave, Nashville, TN 37201-1601
      View Details
    • Value Estimation by Request
      555 SF

      162 Printers Aly Ste, Unit 2

      OFFICE BUILDING • 555 SF
      162 Printers Aly Ste, Nashville, TN 37201-1714
      View Details
    • Value Estimation by Request
      2,836 SF

      162 Printers Aly Ste, Unit 3

      OFFICE BUILDING • 2,836 SF
      162 Printers Aly Ste, Nashville, TN 37201-1714
      View Details
    • Value Estimation by Request
      2,475 SF

      219 2nd Ave N Ste, Unit 300

      OFFICE BUILDING • 2,475 SF
      219 2nd Ave N Ste, Nashville, TN 37201-1618
      View Details

    Similar Nearby for Sale

    • $995,000

      Riverfront Redevelopment Site in Nashville

      Riverfront redevelopment site in Downtown Nashville suitable for mixed-use development.
      1st 1St Ave N, Nashville, TN 37201
      View Details
    • Contact for pricing

      Riverfront Redevelopment Site in Nashville

      Rare riverfront redevelopment opportunity in Downtown Nashville.
      1st 1St Ave N, Nashville, TN 37201
      View Details
    • Contact for pricing
      6,800 SF

      Downtown Nashville Retail Building

      Retail building in downtown Nashville's entertainment district.
      125-127 2Nd Ave N, Nashville, TN 37201
      View Details
    • $11,299,000
      14,500 SF

      Historic Mixed-Use Building in Nashville

      Historic 14,500 SF mixed-use property in Downtown Nashville.
      213 Printers Aly, Nashville, TN 37201
      View Details
    • $11,900,000
      20,000 SF

      +-20,000 SF Across 4 Floors, Including a Basement Level

      +-20,000 SF Across 4 Floors, Including a Basement Level
      218 3rd Ave N, Nashville, TN 37201
      View Details
    • Contact for pricing
      10,454 SF

      Industrial Property in Nashville

      Industrial property with 10,454 square feet of space.
      1005-1007 2Nd Ave S, Nashville, TN 37201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Pilcher Building Office Space

      Turn-of-the-century architecture with modern energy-saving improvements in Nashville's Historical District.
      144 2Nd Ave N, Nashville, TN 37201
      View Details
    • Contact for pricing
      18,781 SF

      Prime Office Space Near Ryman

      Two-story office building with prominent exposure and abundant amenities.
      333 Commerce St, Nashville, TN 37201
      View Details
    • Contact for pricing
      9,810 SF

      Office Space in Ragland Building

      Office space for lease in the Ragland Building.
      300 2Nd Ave S, Nashville, TN 37201
      View Details
    • Contact for pricing
      23,000 SF

      LEED Gold Certified Office Tower

      Downtown Nashville office space with modern amenities and convenient location.
      150 3Rd Ave S, Nashville, TN 37201
      View Details
    • Contact for pricing
      28,672 SF

      Class A Office Space

      Downtown Nashville office space with excellent access and amenities.
      300 Commerce St, Nashville, TN 37201
      View Details
    • Contact for pricing
      4,686 SF

      Office Space in Nashville

      Office space available for rent in Nashville, Tennessee.
      222 2Nd Ave South, Nashville, TN 37201
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 2Nd Ave N
    Nashville, TN 37201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    117 2Nd Ave N, Nashville, TN, 37201

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!