Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1703 Jo Johnston Ave Nashville, TN 37203

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1703 Jo Johnston Ave Nashville, TN 37203

    View on Map
    • Strip malls
    • 2,411 SF
    • 0.16 lot acres
    For Sale
    $1,950,000
    View Listing →
    Versatile Commercial Space Near Downtown For Sale
    $1,950,000
    4,395 SF

    Versatile Commercial Space Near Downtown

    4,395 SF commercial space near Marathon Village and Downtown Nashville.

    1703 Jo Johnston Ave, Nashville, TN 37203
    View Listing
    Property ID
    US80-0288212
    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
    Cap Rate Potential
    8.1%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • The 4th Wall Acting Studio / Theater & Performing Art Venue / Vocational School
    • Friendship Community Outreach / Church / Mosque

    Property Details for 1703 Jo Johnston Ave

    Year built
    1950
    Lot size
    0.16 lot acres
    Property size
    2,411 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    092-08-0-140-00
    APU
    9208014000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $425,000
      ML approach
      $470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $530,000
      7%
      $495,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8001
    Latitude
    36.161
    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
    $8,325
    $74,160
    $181,680
    $255,840
    -
    $185,400
    $454,200
    $639,600

    Comparable in this City

    • Value Estimation
      $885,000
      4,620 SF

      311 12th S Ave

      SHOPPING CENTER, STRIP CENTER • 4,620 SF
      311 12th S Ave, Nashville, TN 37203-4005
      View Details
    • Value Estimation
      $8,735,000
      52,058 SF

      600 Broadway, Unit 1001

      SHOPPING CENTER, STRIP CENTER • 52,058 SF
      600 Broadway, Nashville, TN 37203-5134
      View Details
    • Value Estimation by Request
      576 SF

      303 31st N Ave, Unit 103

      SHOPPING CENTER, STRIP CENTER • 576 SF
      303 31st N Ave, Nashville, TN 37203-6392
      View Details
    • Value Estimation
      $1,455,000
      9,267 SF

      1501 Church St

      SHOPPING CENTER, STRIP CENTER • 9,267 SF
      1501 Church St, Nashville, TN 37203-3004
      View Details
    • Value Estimation
      $2,470,000
      18,063 SF

      1917 Church St

      SHOPPING CENTER, STRIP CENTER • 18,063 SF
      1917 Church St, Nashville, TN 37203-2203
      View Details
    • Value Estimation
      $755,000
      4,320 SF

      2818 End Ave

      SHOPPING CENTER, STRIP CENTER • 4,320 SF
      2818 End Ave, Nashville, TN 37203-1428
      View Details

    Similar Nearby for Sale

    • $3,599,999
      6,506 SF

      Midtown Corner Lot Opportunity

      Restored historic building in Nashville's Midtown district.
      311 22Nd Ave N, Nashville, TN 37203
      View Details
    • Contact for pricing
      3,500 SF

      Retail Building Near St. Thomas

      3,500 SF retail building in the West End area.
      1912 Church St, Nashville, TN 37203
      View Details
    • $4,900,000
      5,400 SF

      A Rare Opportunity to Own a Commercial Retail Building

      A Rare Opportunity to Own a Commercial Retail Building
      1811 Division St, Nashville, TN 37203
      View Details
    • $945,000
      884 SF

      Wedgewood-Houston Live/Work Corner Unit

      Loft-style condo in dynamic district, ideal for living/working.
      1250 Martin St, Nashville, TN 37203
      View Details
    • $6,000,000
      9,120 SF

      Downtown Nashville Warehouse Redevelopment Potential

      Two-story commercial warehouse near Broadway, ideal for redevelopment.
      608 Ash St, Nashville, TN 37203
      View Details
    • $2,000,000

      Free-Standing Building in West End

      5,000 SF building in West End near Vanderbilt University.
      1912 Church St, Nashville, TN 37203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Marriott SoBro

      2,077 SF ground floor retail space in Nashville available.
      410 Rep. John Lewis Way S, Nashville, TN 37203
      View Details
    • Contact for pricing

      Class A Office Building Nashville

      15-story Class A office building with retail and restaurant space.
      827 19Th Ave S, Nashville, TN 37203
      View Details
    • Contact for pricing

      Retail Space Near Vanderbilt University

      Retail space in high-traffic area near Vanderbilt University.
      905 20Th Ave South, Nashville, TN 37203
      View Details
    • Contact for pricing
      5,527 SF

      Retail or Medical Office Space

      Prime location on high traffic West End Avenue corridor.
      2304 W End Ave, Nashville, TN 37203
      View Details
    • Contact for pricing
      2,432 SF

      Mixed-Use Development Retail Space

      Retail space in high-density mixed-use development.
      622 Merritt Ave, Nashville, TN 37203
      View Details
    • Contact for pricing

      Prime Gulch Retail Opportunity

      0.48-acre site in the Gulch available for retail opportunities.
      701 12Th Ave S, Nashville, TN 37203
      View Details
    View Listing
    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.
    1703 Jo Johnston Ave
    Nashville, TN 37203
    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!