Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1414 3rd N Ave Nashville, TN 37208-2812

    • Commercial land
    • 6,339 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2020
    $3,700,000
    Value Estimations
    $3,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1365711
    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.

    Current Use by Public Records

    • The Vinyl Lab / Manufacturer
    • JamBox Sandwich Shop / Restaurant
    • Driven Music City / Auto Body Shop
    • Fait la Force Brewing / Brewery
    • The Vinyl Lounge / Live Music Venue

    Property Details for 1414 3rd N Ave

    Year built
    1965
    Lot size
    0.95 lot acres
    Property size
    6,339 SF
    Zone code
    IR
    Property type
    Commercial land
    APN
    082-09-0-125-00
    APU
    8209012500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,989,000
      Market price range: $717k - $2.99M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,845,000
      RESTAURANT
      $3,130,000
      RETAIL STORES
      $2,930,000
      MEDICAL BUILDING
      $2,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7876
    Latitude
    36.1801
    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
    $60,353
    $1,854,720
    $0.00
    $1,854,720
    -
    $4,636,800
    $0.00
    $4,636,800

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      2420 Jefferson St

      VACANT COMMERCIAL LAND • 0.08 Acres
      2420 Jefferson St, Nashville, TN 37208-2825
      View Details
    • Value Estimation by Request
      0.06 Acres

      1309 Jefferson St

      VACANT COMMERCIAL LAND • 0.06 Acres
      1309 Jefferson St, Nashville, TN 37208-3040
      View Details
    • Value Estimation by Request
      0.29 Acres

      900 Buchanan St

      VACANT COMMERCIAL LAND • 0.29 Acres
      900 Buchanan St, Nashville, TN 37208-1508
      View Details
    • Value Estimation by Request
      0.17 Acres

      941 28th N Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      941 28th N Ave, Nashville, TN 37208-3224
      View Details
    • Value Estimation by Request
      0.13 Acres

      1034 14th N Ave

      VACANT COMMERCIAL LAND • 0.13 Acres
      1034 14th N Ave, Nashville, TN 37208-3068
      View Details
    • Value Estimation by Request
      0.09 Acres

      1035 21st N Ave

      VACANT COMMERCIAL LAND • 1,073 SF
      1035 21st N Ave, Nashville, TN 37208-2959
      View Details

    Similar Nearby for Sale

    • $189,000
      0.17 Acres

      Don't miss your chance to build in a rapidly growing area of Nashville

      Don't Miss Your Chance to Build in a Rapidly Growing Area of Nashville
      1743 Dr Db Todd Jr Blvd, Nashville, TN 37208
      View Details
    • $210,000
      0.15 Acres

      Really Nice Corner Lot in Nashville Currently Zoned RS5 Duplex For Sale

      Really Nice Corner Lot in Nashville Currently Zoned RS5 Duplex For Sale
      2618 Eden St, Nashville, TN 37208
      View Details
    • Contact for pricing

      Prime Corner Lot in Nashville

      7,400 SF corner lot in high-growth Nashville location.
      900 Clay St, Nashville, TN 37208
      View Details
    • $242,500
      1.57 Acres

      Rare Land for Sale Over an Acre in North Nashville

      Rare Land for Sale Over an Acre in North Nashville
      0 Delk Ave, Nashville, TN 37208
      View Details
    • $433,000
      0.20 Acres

      Investor or Builder Alert! Prime Potential in a Rapidly Growing Area

      Investor or Builder Alert! Prime Potential in a Rapidly Growing Area
      1831 10th Ave N, Nashville, TN 37208
      View Details
    • $199,000
      0.11 Acres

      Potential Commercial Opportunity Zoned Residential

      Potential Commercial Opportunity Zoned Residential
      1749 Dr Db Todd Jr Blvd, Nashville, TN 37208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Near Nashville Interstates

      Land with high traffic, easy access to Nashville hotspots.
      2711 8Th Ave S, Nashville, TN 37208
      View Details
    • Contact for pricing

      Prime Land in 8th Avenue

      Land for rent in a high-traffic Nashville location.
      2015 8Th Ave S, Nashville, TN 37208
      View Details
    • $36 SF/Yr
      2,500 SF

      Prime Retail/Office Space Available

      High-visibility retail/office space with convenient access and free parking.
      909 8Th Ave S, Nashville, TN 37208
      View Details
    • $1,690 /Mo
      1,363 SF

      1,363 SF Office Space For Lease

      1,363 SF Office Space For Lease
      1924 9th Ave N, Nashville, TN 37208
      View Details
    • $26 SF/Yr
      2,700 SF

      Renovated Office Space Near Universities

      Recently renovated office space with parking near Vanderbilt and Belmont.
      1612 16Th Ave S, Nashville, TN 37208
      View Details
    • $5,550 /Mo

      Renovated Germantown Office with Skyline Views

      Renovated office in Germantown with Nashville skyline views for rent.
      1201 7Th Ave N, Nashville, TN 37208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1414 3rd N Ave
    Nashville, TN 37208-2812
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.