Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1610 Phillips St Nashville, TN 37208

    • Office buildings
    • 3,694 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1469960
    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

    • Park-Johnson Hall / University

    Property Details for 1610 Phillips St

    Year built
    1992
    Lot size
    0.75 lot acres
    Property size
    3,694 SF
    Zone code
    RM20
    Property type
    Office buildings
    APN
    092-04-0-383-00
    APU
    9204038300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,080,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,070,000
      Change: -1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,020,000
      Change: -6% Conversion: Easy
      WAREHOUSE, STORAGE
      $870,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8028
    Latitude
    36.168
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $435,000
    $350,200
    $785,200

    Comparable in this City

    • Value Estimation
      $1,275,000
      6,542 SF

      2023 Jefferson St

      OFFICE BUILDING • 6,542 SF
      2023 Jefferson St, Nashville, TN 37208-2909
      View Details
    • Value Estimation
      $1,065,000
      5,469 SF

      1601 Meharry Blvd

      OFFICE BUILDING • 5,469 SF
      1601 Meharry Blvd, Nashville, TN 37208
      View Details
    • Value Estimation
      $3,045,000
      26,193 SF

      305 Jefferson St

      OFFICE BUILDING • 26,193 SF
      305 Jefferson St, Nashville, TN 37208-2743
      View Details
    • Value Estimation
      $10,310,000
      18,720 SF

      1205 3rd N Ave

      OFFICE BUILDING • 18,720 SF
      1205 3rd N Ave, Nashville, TN 37208-2703
      View Details
    • Value Estimation by Request
      1,302 SF

      928 Jefferson St

      OFFICE BUILDING • 1,302 SF
      928 Jefferson St, Nashville, TN 37208-2634
      View Details
    • Value Estimation
      $835,000
      6,003 SF

      1212 6th N Ave

      OFFICE BUILDING • 6,003 SF
      1212 6th N Ave, Nashville, TN 37208-2602
      View Details

    Similar Nearby for Sale

    • $6,375,000
      5,474 SF

      Germantown Move-In Ready Office/Multi-Use Building

      Move-in ready office/multi-use building in the heart of Germantown.
      1212 6Th Ave N, Nashville, TN 37208
      View Details
    • $599,000
      1,078 SF

      Buchanan Arts District Mixed-Use Property

      Mixed-use property in Buchanan Arts District with income potential.
      2104 Buchanan St, Nashville, TN 37208
      View Details
    • $270,000
      0.17 Acres

      0.17 Acres VACANT RESIDENTIAL LOT For Sale

      0.17 Acres VACANT RESIDENTIAL LOT For Sale
      2421 Meharry Blvd, Nashville, TN 37208
      View Details
    • $879,000

      Commercial Corner Lot Opportunity

      Prime commercial corner lot with street frontage, endless potential.
      2300 Clarksville Pike, Nashville, TN 37208
      View Details
    • $600,000
      1,439 SF

      2 Duplexes to be Sold Together

      2 Duplexes to be Sold Together
      2413 Herman St, Nashville, TN 37208
      View Details
    • $199,000
      0.11 Acres

      0.11 Acres Clear and Level Lot!

      0.11 Acres Clear and Level Lot!
      1630 12th Ave N, Nashville, TN 37208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,000 SF

      Downtown Nashville Office Space Available

      Office space with views of Downtown, Cumberland River, and Capitol.
      416 Jefferson St, Nashville, TN 37208
      View Details
    • Contact for pricing
      2,218 SF

      Renovated Nashville Building For Rent

      Renovated building with flexible zoning near downtown Nashville.
      1822 Jefferson St, Nashville, TN 37208
      View Details
    • Contact for pricing
      4,434 SF

      Available Office Space in Nashville

      4,434 RSF office space with exclusive entryway and parking.
      1131 4Th Ave S, Nashville, TN 37208
      View Details
    • Contact for pricing
      105,000 SF

      Germantown Office Space with Terraces

      105,000 SF office space in Germantown, available Q3 2024.
      4 4Th St, Nashville, TN 37208
      View Details
    • Contact for pricing
      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
    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.
    1610 Phillips St
    Nashville, TN 37208
    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.
    Sign Up Successful!
    You now have access to more from Realmo!