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Property profile & analytics
OFF-MARKET
Estimated value
$7,725,000
Strip malls
1214 Gallatin Ave Nashville, TN 37206-3204
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-2984176
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Total area
16,840 SF
Lot
1.13 ac (49,223 SF)
Zoning code
SP
APN
083-01-0-466-00
UPID
US80-2984176
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
-
East Nashville Family Dentistry Dental Office
-
Orangetheory Fitness Gym & Fitness Center
-
Stephanie Michelle Santa Ana Physician
-
Sports Ortho Urgent Care Medical Clinic
-
Sport Ortho Urgent Care - East Nashville Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.51M
Blend (final)
Blend
$7.73M
Owner & transaction history
Glr Strategic Investments LLC · 4 yrs held
Glr Strategic Investments LLC
since 2021
Last sale
$7.7M
3 recorded transactions
Zoning & alternative use
SP · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.2M
+62.0%
Commercial (general)
$8.5M
+34.1%
Restaurant
$8.3M
+31.9%
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 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
$8,100,000
ML approach
$8,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,300,000
Current use
AUTO REPAIR, GARAGE
$10,210,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,455,000
Change: +34% · Conversion: Easy
RESTAURANT
$8,315,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$7,790,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$5,875,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$7.73M
Range $6.95M – $8.50M · ±10% · vs last sale $7.70M (Nov 9 2021)
Last sale anchor
$7.70M
Nov 9 2021
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
$459 / 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
$58,977
Tax year 2023
Assessed value
$1,812,440
Assessed 2023
Previous assessed
$1,812,440
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$787,560
Assessed improvement
$1,024,880
Land market value
$1,968,900
Improvement market value
$2,562,200
Total market value
$4,531,100
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
2018
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,840 SF
Lot
1.13 ac (49,223 SF)
Zoning code
SP
APN
083-01-0-466-00
UPID
US80-2984176
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Nashville, TN
Zoning SP · permitted uses
SP · 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
$6.3M
AUTO REPAIR, GARAGE
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.5M
RESTAURANT
Est. value
$8.3M
RETAIL STORES
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
2018
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Glr Strategic Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8011 BRKS CHAPEL RD #2481, BRENTWOOD, TN 37027-3964
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
Glr Strategic Investments LLC
Gerald Paul Reed
Quit Claim Deed
related
—
Sep 12, 2019
$7,700,000
Reed Family Trust
Ck Spacemax Nashville LLC
Grant Deed
—
Dec 13, 2004
—
Wal-mart Real Estate Busn Trust
Buchi-fotre,laurel
Quit Claim Deed
related
—
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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