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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Strip malls
1903 Church St Nashville, TN 37203-2203
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3383881
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
18,240 SF
Lot
0.4 ac (17,424 SF)
Zoning code
MUI-A
APN
092-12-0-389-00
UPID
US80-3383881
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
Tim Reynolds · 7 yrs held
Tim Reynolds
since 2018
7 recorded transactions
Zoning & alternative use
MUI-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$140 / 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
$41,548
Tax year 2023
Assessed value
$1,276,840
Assessed 2023
Previous assessed
$1,276,840
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,033,200
Assessed improvement
$243,640
Land market value
$2,583,000
Improvement market value
$609,100
Total market value
$3,192,100
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
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,240 SF
Lot
0.4 ac (17,424 SF)
Zoning code
MUI-A
APN
092-12-0-389-00
UPID
US80-3383881
Jurisdiction
DAVIDSON
Zoning & alternative use
MUI-A · Nashville, TN
Zoning MUI-A · permitted uses
MUI-A · 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.
Building & site characteristics
From public records
Year built
1984
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Tim Reynolds
Individual
Mailing address
3405 PIEDMONT RD NE STE #550, ATLANTA, GA 30305-1796
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2018
—
Tim Reynolds
Bravo Dev LLC
Quit Claim Deed
related
—
Jul 25, 2018
$6,550,000
Np Church LLC
Reynolds,tim
Grant Deed
—
Dec 7, 2017
—
Tim Reynolds
Bravo Dev LLC
Quit Claim Deed
related
—
May 8, 2015
$4,400,000
Bravo Dev LLC
Michael D Shmerling Ptrs Gp
Grant Deed
—
May 8, 2015
—
Bravo Dev LLC
Michael D Shmerling Ptrs Gp
Quit Claim Deed
related
$3,520,000 · Bancorpsouth
Jul 17, 2007
$1,000,000
Michael D Shmerling Ptrs Gp
Lifeline Biomedical Equipment
Warranty Deed
—
Mar 24, 2004
—
Lifeline Biomedical Equipment
—
Trustees Deed
related
$250,000 · Suntrust Bank NA
Mar 20, 2000
$700,000
Lifeline Biomedical Eqipment
Newpart,james R & Myrna M
Grant Deed
$350,000 · General Electric Capital Corp
—
—
Michael D Shmerling Ptrs Gp
—
Deed Of Trust
related
$500,000 · Renasant 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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