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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Bars & Pubs
1529 4th S Ave Nashville, TN 37210-4114
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0708910
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1988
Construction
FRAME
Total area
1,656 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CS
APN
105-08-0-240-00
UPID
US80-0708910
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
-
Good Time Charlie's Bar Restaurant
-
GoodTimes Full Service bar Restaurant
-
Gallus Auto Care Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Mesh Development LLC · 4 yrs held
Mesh Development LLC
since 2022
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+79.1%
Commercial (general)
$890,000
+59.1%
Retail stores
$765,000
+36.7%
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
$805,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$560,000
Current use
AUTO REPAIR, GARAGE
$1,005,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$890,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$765,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$580,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.00M (Apr 14 2022)
Last sale anchor
$1.00M
Apr 14 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
$559 / 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
$3,866
Tax year 2023
Assessed value
$118,800
Assessed 2023
Previous assessed
$118,800
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$79,280
Assessed improvement
$39,520
Land market value
$198,200
Improvement market value
$98,800
Total market value
$297,000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,656 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CS
APN
105-08-0-240-00
UPID
US80-0708910
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · 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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES
Est. value
$765,000
OFFICE BUILDING
Est. value
$595,000
MEDICAL BUILDING
Est. value
$580,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1988
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mesh Development LLC
Entity
Mailing address
355 S HARTMANN DR, LEBANON, TN 37087-4779
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
—
Mesh Development LLC
—
Deed
related
$202,000 · Southeast Community Capital Corp
Apr 14, 2022
$1,000,000
Mesh Development LLC
Clem Properties LLC
Warranty Deed
$800,000 · Banktennessee
Oct 21, 2019
$500,000
Clem Properties LLC
Bonnie L Cash
Warranty Deed
$413,541 · Persons Banking Company
Dec 31, 2003
—
Bonnie L Cash
Morgan,albert G
Quit Claim Deed
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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