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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Strip malls
1229 Martin St Nashville, TN 37203-4845
Entity Owned
Free & Clear
Property ID
US80-1210367
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Total area
2,030 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MULTI-ZONE
APN
105-07-0-100-00
UPID
US80-1210367
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
-
Fruits Hair Lab Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.76M
Owner & transaction history
1229 Martin St LLC
1229 Martin St LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+14.5%
Warehouse, storage
$1.1M
+0.9%
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
$1,725,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,075,000
Current use
AUTO REPAIR, GARAGE
$1,230,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,085,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $1.85M (Dec 22 2025)
Last sale anchor
$1.85M
Dec 22 2025
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
$865 / 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
$13,442
Tax year 2023
Assessed value
$413,080
Assessed 2023
Previous assessed
$280,760
+47.1% YoY
Effective rate
3.25%
On assessed value
Assessed land
$243,920
Assessed improvement
$169,160
Land market value
$609,800
Improvement market value
$422,900
Total market value
$1,032,700
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
1980
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
2,030 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MULTI-ZONE
APN
105-07-0-100-00
UPID
US80-1210367
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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1980
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
1229 Martin St LLC
Entity
Free & Clear · 0 yrs held
Mailing address
110 3RD AVE N, FRANKLIN, TN 37064-2506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Dec 22, 2025
—
1229 Martin St LLC
The Good Dying Building Trust
Quitclaim Deed
related
—
Dec 22, 2025
$1,850,000
1229 Martin St LLC
The Good Dying Building Trust
Warranty Deed
$1,725,000 · Insbank
Oct 27, 2025
$9,100,000
Hp Martin And Gray Property LLC
Hcd Wedgewood 1231 Martin LLC
Special Warranty Deed
—
Oct 27, 2025
—
Hp Martin And Gray Property LLC
Hcd Wedgewood 1231 Martin LLC
Quitclaim Deed
related
—
Nov 2, 2020
—
Good Dying Building Trust
1229 Martin Street LLC
Grant Deed
—
Jan 8, 2020
$6,500,000
Hcd Wedgewood 1231 Martin LLC
2-wood Driver LLC
Grant Deed
—
Jan 8, 2020
—
Hcd Wedgewood 1231 Martin LLC
2-wood Driver
Quitclaim Deed
related
—
Aug 20, 2019
$1,100,000
1229 Martin Street LLC
Orrall,robert & Christine
Grant Deed
—
Aug 20, 2019
—
1229 Martin Street LLC
Orrall,robert & Christine
Quit Claim Deed
related
—
Jul 23, 2018
—
2-wood Driver LLC
Bowman,arden D JR
Grant Deed
related
—
Jun 24, 2011
$82,500
Robert Orrall
Cole Robert & Ruth Trust
Warranty 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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