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Property profile & analytics
OFF-MARKET
Office Spaces
150 Main St Ashland City, TN 37015-1610
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0508968
Property summary
AI-generated overview
This exceptional 2,000 square foot executive office building, located at 150 S Main St in Ashland City, Tennessee, presents a unique investment opportunity. Built in 1900, this all-brick structure sits on a 0.07-acre lot and is zoned C1. Currently leased (lease expiring 7/31/23) and generating a net monthly income of $900, the property boasts a prime downtown location within a growing area. The building features dedicated parking behind the building and convenient street parking. Accessibility is ensured with a handicap-accessible entrance. The main floor includes a reception area, office space, a conference room, and two restrooms. Upstairs, you'll find three additional offices, a conference area, and a kitchenette. The interior features a blend of hardwood and tile flooring. Previously used as a shoe store and currently operating as a law office, this versatile property offers significant potential for future income and growth. Showings are by appointment only
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Total area
2,000 SF
Lot
0.07 ac (3,049 SF)
APN
055C H 00900
UPID
US80-0508968
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
-
Rhonda R. Crabtree Law Firm
-
Crabtree & Young Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
150 S Main LLC · 1 yrs held
150 S Main LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ashland City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2018Property tax & assessments
Tax year 2018
Tax billed
$1,504
Tax year 2018
Assessed value
$44,800
Assessed 2023
Previous assessed
$44,800
+0.0% YoY
Effective rate
3.36%
On assessed value
Assessed land
$8,200
Assessed improvement
$36,600
Land market value
$20,500
Improvement market value
$91,500
Total market value
$112,000
Applied tax rate
11.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
2,000 SF
Lot
0.07 ac (3,049 SF)
APN
055C H 00900
UPID
US80-0508968
Jurisdiction
CHEATHAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
0
Lot
0.07 ac
Current owner
From public records · entity-resolved
150 S Main LLC
Entity
Free & Clear · 1 yrs held
Mailing address
108 DUKE ST, ASHLAND CITY, TN 37015-1514
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
$320,000
150 S Main LLC
Terry Shannon Williams
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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