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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Strip malls
135 2nd N Ave Nashville, TN 37201-1901
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-1562225
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1880
Total area
11,220 SF
Lot
0.09 ac (3,920 SF)
Zoning code
DTC
APN
093-06-2-058-00
UPID
US80-1562225
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
-
Nashville Burlesque Show - Magic Show Girls Revue Theater & Performing Art Venue Music Venue
-
Cerveza Jack's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.70M
Owner & transaction history
V3 Central Pike Gp · 4 yrs held
V3 Central Pike Gp
since 2022
7 recorded transactions
Zoning & alternative use
DTC · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+20.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,675,000
6.5%
$2,470,000
7%
$2,295,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,250,000
Current use
MEDICAL BUILDING
$3,915,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,760,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±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
$241 / 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
$62,190
Tax year 2023
Assessed value
$1,838,080
Assessed 2023
Previous assessed
$1,838,080
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$612,000
Assessed improvement
$1,226,080
Land market value
$1,530,000
Improvement market value
$3,065,200
Total market value
$4,595,200
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
1880
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
11,220 SF
Lot
0.09 ac (3,920 SF)
Zoning code
DTC
APN
093-06-2-058-00
UPID
US80-1562225
Jurisdiction
DAVIDSON
Zoning & alternative use
DTC · Nashville, TN
Zoning DTC · permitted uses
DTC · 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
$3.3M
MEDICAL BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1880
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
V3 Central Pike Gp
Individual
Free & Clear · 4 yrs held
Mailing address
3835 CLEGHORN AVE STE #250, NASHVILLE, TN 37215-2578
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
Mar 8, 2022
$2,700,000
V3 Central Pike Gp
Gary W Leeper
Special Warranty Deed
—
Jan 21, 2022
$7,770,500
522 4th Ave S LLC
Second Avenue North Partners LLC
Special Warranty Deed
—
Jun 9, 2015
$3,300,000
Second Avenue North Partners LLC
132 Second Avenue Associates LLC
Special Warranty Deed
related
$3,840,000 · Renasant Bank
May 19, 2015
$1,800,000
135 Second Avenue Assocs LLC
135 2nd Avenue North LLC
Warranty Deed
—
Apr 29, 2015
—
135 Second Avenue Assocs LLC
135 2nd Avenue North LLC
Quit Claim Deed
related
—
Jan 15, 2008
$1,125,000
135 2nd Avenue North LLC
Elliott,james C & Lois F
Grant Deed
$1,700,000 · Cedarstone Bank
Aug 30, 1999
$575,000
Lois F Elliott
135 Second Avenue North INC
Grant Deed
$517,000 · Southtrust Bank NA
Aug 8, 1990
$365,328
135 Second Avenue North INC
Unknown
Grant Deed
—
—
—
135 2nd Avenue North LLC
—
Deed Of Trust
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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