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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Medical Office Space
131 French Lndg Dr Nashville, TN 37228-1511
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0972807
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
16,202 SF
Lot
2.4 ac (104,544 SF)
Zoning code
MULTI-ZONE
APN
081-04-0-230-00
UPID
US80-0972807
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
-
Dr. Theodora P. Pinnock, MD Physician
-
Donald Boatright Physician
-
Heather Craig Physician
-
C M Counseling Services Physician
-
Mrs. Larelyn Crear Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$3.62M
Owner & transaction history
Metrocenter Rental LLC · 4 yrs held
Metrocenter Rental LLC
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
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
$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
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
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $3.80M (Jul 19 2022)
Last sale anchor
$3.80M
Jul 19 2022
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
$223 / 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
$35,330
Tax year 2023
Assessed value
$1,085,736
Assessed 2023
Previous assessed
$1,320,000
-17.7% YoY
Effective rate
3.25%
On assessed value
Assessed land
$501,800
Assessed improvement
$583,936
Land market value
$1,254,500
Improvement market value
$1,459,840
Total market value
$2,714,340
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,202 SF
Lot
2.4 ac (104,544 SF)
Zoning code
MULTI-ZONE
APN
081-04-0-230-00
UPID
US80-0972807
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TNZoning 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
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Metrocenter Rental LLC
Entity
Mailing address
131 FRENCH LNDG DR, NASHVILLE, TN 37228-1501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
$3,800,000
Metrocenter Rental LLC
Mpa Nashville Mob LLC
Special Warranty Deed
$2,850,000 · Wilson Bank & Trust
Mar 22, 2021
—
Mpa Nashville Mob LLC
—
Deed
related
$1,725,000 · F & M Bank
Feb 1, 2021
—
Mpa Nashville Mob LLC
Mpa Metrocenter LLC
Quit Claim Deed
related
—
Feb 25, 2015
—
Mpa Metrocenter LLC
Mpa Nashville Mob LLC
Quit Claim Deed
related
—
Nov 18, 2014
$2,033,333
Mpa Nashville Mob LLC
Hrt Of Tennessee INC
Grant Deed
—
Nov 18, 2014
—
Mpa Nashville Mob LLC
Hrt Of Tennessee INC
Quit Claim Deed
related
—
Dec 15, 2004
—
Hrt Of Tennessee INC
Healthcare Realty Trust INC
Quit Claim Deed
related
—
Feb 16, 1998
$1,747,172
Healthcare Realty Of Tenne
—
Grant Deed
related
—
Jun 5, 1992
$385,506
Prudential Health Care Plan INC
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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