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    131 French Lndg Dr Nashville, TN 37228-1511

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    Property profile & analytics

    131 French Lndg Dr Nashville, TN 37228-1511

    View on Map
    • Medical Office Space
    • 16,202 SF
    • 2.40 lot acres
    Off-Market
    Last Sale Jul 19, 2022
    $3,800,000
    Property ID
    US80-0972807
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    4.9%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Dr. Theodora P. Pinnock, MD / Physician
    • Donald Boatright / Physician
    • Heather Craig / Physician
    • C M Counseling Services / Physician
    • Mrs. Larelyn Crear / Physician

    Property Details for 131 French Lndg Dr

    Year built
    1992
    Lot size
    2.40 lot acres
    Property size
    16,202 SF
    Zone code
    MULTI-ZONE
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    081-04-0-230-00
    APU
    8104023000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,510,000
      ML approach
      $3,550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,860,000
      6.5%
      $2,640,000
      7%
      $2,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,408,000
      Market price range: $3.07M - $7.67M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,655,000
      Current use
      OFFICE BUILDING
      $4,730,000
      Change: -16% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,690,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7968
    Latitude
    36.1904
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,330
    $501,800
    $583,936
    $1,085,736
    -
    $1,254,500
    $1,459,840
    $2,714,340

    Comparable in this City

    • Value Estimation
      $3,775,000
      15,509 SF

      260 Cumberland Bnd

      MEDICAL BUILDING • 15,509 SF
      260 Cumberland Bnd, Nashville, TN 37228-1807
      View Details
    • Value Estimation by Request
      109,858 SF

      431 Great Cir Rd

      MEDICAL BUILDING • 109,858 SF
      431 Great Cir Rd, Nashville, TN 37228-1403
      View Details
    • Value Estimation
      $3,405,000
      13,984 SF

      250 Cumberland Bnd

      MEDICAL BUILDING • 13,984 SF
      250 Cumberland Bnd, Nashville, TN 37228-1804
      View Details
    • Value Estimation
      $2,610,000
      10,712 SF

      230 Venture Cir

      MEDICAL BUILDING • 10,712 SF
      230 Venture Cir, Nashville, TN 37228-1604
      View Details
    • Value Estimation
      $11,785,000
      72,588 SF

      300 Great Cir Rd

      MEDICAL BUILDING • 72,588 SF
      300 Great Cir Rd, Nashville, TN 37228-1752
      View Details
    • Value Estimation
      $585,000
      186,174 SF

      451 Ponder Pl

      HOMES (RETIRED, NURSING) • 186,174 SF
      451 Ponder Pl, Nashville, TN 37228-1900
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,087 SF

      Nashville Office Building For Sale

      Office building with 17,087 SF RBA near Downtown Nashville.
      255 French Landing Dr, Nashville, TN 37228
      View Details
    • Contact for pricing

      Hotel in Opportunity Zone

      Hotel under construction, opening December 2024, located in Nashville.
      251 Venture Cir, Nashville, TN 37228
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces available, ranging from 445 to 7,993 SqFt.
      545 Mainstream Dr, Nashville, TN 37228
      View Details
    • Contact for pricing
      18,500 SF

      Office Space with Fitness Center

      Office space for rent with on-site amenities and management.
      220 Athens Way, Nashville, TN 37228
      View Details
    • $16 SF/Yr

      Versatile Commercial Space with Parking

      Adaptable commercial space featuring ample parking and essential utilities.
      653 Mainstream Dr, Nashville, TN 37228
      View Details
    • Contact for pricing
      2,880 SF

      Mainstream Drive Office Space Available

      Office space with open floor plan and ample parking.
      641-653 Mainstream Dr, Nashville, TN 37228
      View Details
    • Contact for pricing
      18,230 SF

      MetroCenter Office Space Available

      Office space for rent in the heart of MetroCenter.
      44 Vantage Way, Nashville, TN 37228
      View Details
    • Contact for pricing
      3,850 SF

      Office Space Near Downtown Nashville

      Available office space with monument signage and easy interstate access.
      150 Athens Way, Nashville, TN 37228
      View Details
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    Nashville, TN 37228-1511
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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