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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Grocery and convenience stores
1189 Murfreesboro Pike, Nashville, TN 37217
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0909160
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Total area
3,300 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CL
APN
120-01-0-141-00
UPID
US80-0909160
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$390k
Blend (final)
Blend
$600k
Owner & transaction history
Macsnewco LLC · 2 yrs held
Macsnewco LLC
since 2023
Last sale
$631,070
2 recorded transactions
Zoning & alternative use
CL · 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
$565,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $631k (Nov 16 2023)
Last sale anchor
$631k
Nov 16 2023
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
$182 / 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
$16,663
Tax year 2023
Assessed value
$512,080
Assessed 2023
Previous assessed
$512,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$142,880
Assessed improvement
$369,200
Land market value
$357,200
Improvement market value
$923,000
Total market value
$1,280,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1982
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,300 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CL
APN
120-01-0-141-00
UPID
US80-0909160
Jurisdiction
DAVIDSON
Zoning & alternative use
CL · Nashville, TN
Zoning CL · permitted uses
CL · 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
1982
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Macsnewco LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4080 W JONATHAN MOORE PIKE, COLUMBUS, IN 47201-8667
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$631,070
Macsnewco LLC
Mapco Express INC
Special Warranty Deed
—
Sep 28, 1989
$848,128
Mapco Petroleum INC
Unknown
Grant 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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