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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Strip malls
1803 21st S Ave Nashville, TN 37212-3705
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-0917636
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1925
Total area
6,525 SF
Lot
0.85 ac (37,026 SF)
Zoning code
MUL
APN
104-12-0-003-00
UPID
US80-0917636
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
-
Altar'd State Hillsboro Village Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.60M
Owner & transaction history
Ecg Belcourt LLC · 9 yrs held
Ecg Belcourt LLC
since 2016
5 recorded transactions
Zoning & alternative use
MUL · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+20.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,890,000
Current use
MEDICAL BUILDING
$2,275,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,775,000
Change: -6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,605,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10%
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
$245 / 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
$306,794
Tax year 2023
Assessed value
$9,428,200
Assessed 2023
Previous assessed
$9,428,200
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,851,320
Assessed improvement
$7,576,880
Land market value
$4,628,300
Improvement market value
$18,942,200
Total market value
$23,570,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1925
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
6,525 SF
Lot
0.85 ac (37,026 SF)
Zoning code
MUL
APN
104-12-0-003-00
UPID
US80-0917636
Jurisdiction
DAVIDSON
Zoning & alternative use
MUL · Nashville, TN
Zoning MUL · permitted uses
MUL · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1925
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
0.85 ac
Current owner
From public records · entity-resolved
Ecg Belcourt LLC
Entity
Free & Clear · 9 yrs held
Mailing address
118 16TH AVE S STE #200, NASHVILLE, TN 37203-3135
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2016
—
Ecg Belcourt LLC
Ecg Belcourt LLC
Quit Claim Deed
related
—
Aug 5, 2015
$1,300,000
Legacy One
Barksdale,keith P
Warranty Deed
—
Jul 20, 2015
—
Keith P Barksdale
Equitable Trust Co
Quit Claim Deed
related
—
Jul 14, 2015
—
Alexander S Fuqua
Fuqua Knox H & Vincent S
Quit Claim Deed
related
—
Jul 2, 2012
—
Josephine Andrews
Equitable Trust Co
Grant Deed
—
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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