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Property profile & analytics
OFF-MARKET
Estimated value
$6,180,000
Strip malls
119 3rd S Ave 100 Nashville, TN 37201-2001
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-0946084
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1920
Total area
26,502 SF
Lot
0.25 ac (10,890 SF)
Zoning code
MULTI-ZONE
APN
093-06-4-030-00
UPID
US80-0946084
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
-
House of Cards Restaurant
-
Mortgage Investors Financial Advisor
-
event center Hotel & Motel Resort
-
Patsy Cline Museum Museum Tourist Attraction
-
Johnny Cash Museum Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.84M
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$6.18M
Owner & transaction history
Jrc Holdings LLC · 11 yrs held
Jrc Holdings LLC
since 2014
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.3M
+20.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,320,000
6.5%
$5,835,000
7%
$5,415,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,675,000
Current use
MEDICAL BUILDING
$9,250,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,520,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±10%
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
$233 / 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
$183,222
Tax year 2023
Assessed value
$5,415,320
Assessed 2023
Previous assessed
$5,415,320
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$1,933,200
Assessed improvement
$3,482,120
Land market value
$4,833,000
Improvement market value
$8,705,300
Total market value
$13,538,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
26,502 SF
Lot
0.25 ac (10,890 SF)
Zoning code
MULTI-ZONE
APN
093-06-4-030-00
UPID
US80-0946084
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Lot
0.25 ac
Current owner
From public records · entity-resolved
Jrc Holdings LLC
Entity
Mailing address
119 3RD AVE S, NASHVILLE, TN 37201-2001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2019
—
Jrc Holdings LLC
—
Deed
related
$1,900,000 · Southeast Cmnty Cap
Feb 16, 2018
—
Jrc Holdings LLC
—
Deed
related
$1,000,000 · Southeast Cmnty Cap
Jan 5, 2017
—
Jrc Holdings LLC
—
Deed Of Trust
related
$5,380,616 · Southeast Cmnty Cap
Oct 17, 2014
—
Jrc Holdings LLC
Ritzen Properties II LLC
Quit Claim Deed
related
$2,775,000 · Southeast Community Capital Corpora
Aug 17, 2006
—
Ritzen Properties II LLC
—
Trustees Deed
related
$100,000 · Cumberland Bank
Aug 24, 2004
$825,000
Ritzen Properties II LLC
Buffington,john D
Warranty Deed
—
Aug 24, 2004
—
Ritzen Properties II LLC
Buffington,john D
Quit Claim Deed
related
$1,600,000 · Cumberland Bk
Jun 4, 1990
$375,000
John D Et Al Buffington
Unknown
Grant Deed
—
—
—
Jrc Holdings LLC
—
Deed Of Trust
related
$1,900,000 · Southeast Cmnty Cap
—
—
Ritzen Properties II LLC
—
Deed Of Trust
related
$33,860 · Capital Bank NA
—
—
Jrc Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Southeast Cmnty Cap
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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