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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Banks
1204 Nashville Pike Gallatin, TN 37066-4333
Entity Owned
18-yr Hold
Free & Clear
Property ID
US80-3409058
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2008
Total area
6,470 SF
Lot
1.58 ac (68,825 SF)
Zoning code
MRO
APN
083125M A 00500
UPID
US80-3409058
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
-
Trina Woodard - Ameriprise Financial Services, LLC Financial Advisor
-
Commerce Union Bank Bank Loan Service
-
United Community Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$540k
Owner & transaction history
Commerce Union Bank · 18 yrs held
Commerce Union Bank
since 2007
5 recorded transactions
Zoning & alternative use
MRO · Gallatin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+80.3%
Restaurant
$890,000
+79.7%
Auto repair, garage
$790,000
+58.9%
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$495,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +80% · Conversion: Difficult
RESTAURANT
$890,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$790,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$83 / 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
$21,275
Tax year 2023
Assessed value
$697,080
Assessed 2023
Previous assessed
$697,080
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$358,560
Assessed improvement
$338,520
Land market value
$896,400
Improvement market value
$846,300
Total market value
$1,742,700
Applied tax rate
83.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
6,470 SF
Lot
1.58 ac (68,825 SF)
Zoning code
MRO
APN
083125M A 00500
UPID
US80-3409058
Jurisdiction
SUMNER
Zoning & alternative use
MRO · Gallatin, TN
Zoning MRO · permitted uses
MRO · Gallatin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gallatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RETAIL STORES
Est. value
$605,000
MEDICAL BUILDING
Est. value
$540,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
Commerce Union Bank
Entity
Free & Clear · 18 yrs held
Mailing address
101 CREEKSTONE BLVD STE #200, FRANKLIN, TN 37064-6509
Ownership since
2007
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
Oct 2, 2024
—
James G Hodges
—
Deed
related
$500,000 · United Community Bank
Nov 15, 2007
—
Commerce Union Bank
Hp Gallatin INC
Grant Deed
—
Jan 2, 2007
$1,800,000
Hp Gallatin INC
Jackson B R Trust
Warranty Deed
$1,100,000 · Jackson B R Trust (tr)
May 21, 2003
—
Jackson,tr
Jackson,bobby R & Mary F
Quit Claim Deed
related
—
May 1, 1991
$70,000
Bobby R Jackson
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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