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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Office buildings
1605 17th S Ave Nashville, TN 37212-2816
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1257119
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
4,364 SF
Lot
0.2 ac (8,712 SF)
Zoning code
OR20
APN
104-08-0-279-00
UPID
US80-1257119
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
-
Root 49 Music Department Store
-
Horton Group Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Annie Roboff Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Rlg Group LLC · 2 yrs held
Rlg Group LLC
since 2024
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
OR20 · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+122.6%
Commercial (general)
$2.2M
+84.3%
Retail stores
$2.0M
+69.8%
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
$2,200,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,645,000
Change: +123% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,190,000
Change: +84% · Conversion: Easy
RETAIL STORES
$2,020,000
Change: +70% · Conversion: Moderate
MEDICAL BUILDING
$1,525,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (May 7 2024)
Last sale anchor
$2.20M
May 7 2024
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
$504 / 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
$16,977
Tax year 2023
Assessed value
$521,720
Assessed 2023
Previous assessed
$521,720
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$310,880
Assessed improvement
$210,840
Land market value
$777,200
Improvement market value
$527,100
Total market value
$1,304,300
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Rooms
14
Bathrooms
4
Total area
4,364 SF
Lot
0.2 ac (8,712 SF)
Zoning code
OR20
APN
104-08-0-279-00
UPID
US80-1257119
Jurisdiction
DAVIDSON
Zoning & alternative use
OR20 · Nashville, TN
Zoning OR20 · permitted uses
OR20 · 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
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1920
Heating
CENTRAL
Cooling
Yes
Stories
3
Rooms
14
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Rlg Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1229 AVE I I #110, REDONDO BEACH, CA 90277
Ownership since
2024
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
May 7, 2024
$2,200,000
Rlg Group LLC
One Hundred Percent LLC
Warranty Deed
—
Apr 25, 2022
—
One Hundred Percent LLC
—
Deed
related
$75,000 · Fourth Capital Bank
Mar 2, 2022
$1,775,000
One Hundred Percent LLC
Martin Allbee Mller Bryan & Assc Ll
Special Warranty Deed
$1,420,000 · Fourth Capital Bank
Oct 2, 2012
$600,000
Martin Allbee & Associates LLC
Mcinnes,william W
Warranty Deed
$450,000 · Regions Bank
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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