Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1701 Portland Ave Nashville, TN 37212-3811
    Back to Search
    Property profile & analytics

    1701 Portland Ave, Nashville, TN 37212-3811

    View on Map
    • Office buildings
    • 5,388 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Jun 25, 2025
    $1,350,000
    Property ID
    US80-1818338
    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.
    Value Estimations
    $1,375,000
    Show details
    Cap Rate Potential
    5.1%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Healing-with-Heart / Counselor

    Property Details for 1701 Portland Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Zone code
    CL
    Property type
    Office buildings
    APN
    104-12-0-274-00
    APU
    10412027400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 26, 2024 $1,400,000 1701 Portland LLC Mary F Mcmillen Special Warranty Deed $3M · Bd Capital Se LLC
    Mar 26, 2024 — Jennifer E Mcmillen Mary F Mcmillen Intrafamily Transfer · related —
    Jul 27, 2012 — Martha F Thompson Puinno,marina G Quit Claim Deed · related —
    Feb 11, 2011 — Thompson Berry H Trust Thompson Berry H Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,400,000
      ML approach
      $1,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,105,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $899,000
      Market price range: $900k - $2.35M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,465,000
      Current use
      MEDICAL BUILDING
      $1,880,000
      Change: +28% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,560,000
      Change: +6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,325,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7962
    Latitude
    36.1326
    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
    $12,380
    $280,000
    $100,440
    $380,440
    -
    $700,000
    $251,100
    $951,100

    Comparable in this City

    • Value Estimation
      $1,820,000
      14,756 SF

      1900 Adelicia St

      OFFICE BUILDING
      1900 Adelicia St, Nashville, TN 37212
      View Details
    • Value Estimation
      $1,530,000
      9,200 SF

      2120 Belcourt Ave

      OFFICE BUILDING
      2120 Belcourt Ave, Nashville, TN 37212-3504
      View Details
    • Value Estimation
      $870,000
      5,246 SF

      1213 16th S Ave

      OFFICE BUILDING
      1213 16th S Ave, Nashville, TN 37212-2901
      View Details
    • Value Estimation
      $755,000
      4,558 SF

      1619 17th S Ave

      OFFICE BUILDING
      1619 17th S Ave, Nashville, TN 37212-2812
      View Details
    • Value Estimation by Request
      0.90 Acres

      3209 Hillside Dr

      OFFICE BUILDING
      3209 Hillside Dr, Nashville, TN 37212-4046
      View Details
    • Value Estimation
      $1,240,000
      9,636 SF

      1602 21st S Ave

      OFFICE BUILDING
      1602 21st S Ave, Nashville, TN 37212-3125
      View Details

    Similar Nearby for Sale

    • $2,499,999
      3,690 SF

      Prime Music Row Office Space

      3,700 SF commercial office space in historic Music Row.
      1233 17Th Ave S, Nashville, TN 37212
      View Details
    • Contact for pricing
      4,846 SF

      Music Row Stand-Alone Office Building

      Stand-alone office building in the heart of Music Row.
      1107 17Th Ave South, Nashville, TN 37212
      View Details
    • Contact for pricing
      13,740 SF

      Office/Retail Space Near Universities

      Office/retail space near I-440, universities, and downtown Nashville.
      2106 21St Ave S, Nashville, TN 37212
      View Details
    • $1,300,000
      2,632 SF

      Versatile Music Row Property

      Mixed-use property in the heart of Music Row.
      1604 17Th Ave S, Nashville, TN 37212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Nashville Office Space for Lease

      Two-story office building with ample parking in West End.
      115 29Th Ave South, Nashville, TN 37212
      View Details
    • Contact for pricing
      3,352 SF

      Nashville Office Space For Rent

      Office space available for lease in Nashville, Tennessee.
      1908 Blakemore Ave, Nashville, TN 37212
      View Details
    • Contact for pricing
      1,272 SF

      Office Space in Nashville

      8,924 SF office space available for lease.
      1001-1011 17Th Ave S, Nashville, TN 37212
      View Details
    • Contact for pricing
      2,700 SF

      Renovated Office Space Near Universities

      Recently renovated office space with parking near Vanderbilt and Belmont.
      1612 16Th Ave S, Nashville, TN 37212
      View Details
    • Contact for pricing
      1,826 SF

      Nashville Office Space For Rent

      Office space available for rent in Nashville, Tennessee.
      1017 17Th Ave S, Nashville, TN 37212
      View Details
    • Contact for pricing

      Office Suite with Private Offices

      Efficient office layout with multiple private offices, reception area, and on-site parking for everyday workplace needs.
      118 29Th Ave South, Nashville, TN 37212
      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.
    1701 Portland Ave
    Nashville, TN 37212-3811
    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

    Thank You for Inquiry
    1701 Portland Ave, Nashville, TN, 37212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!