Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1915 Murfreesboro Pike Nashville, TN 37217-3218

    • Warehouses
    • 2,835 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2020
    $700,000
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    2.4%
    Warehouses
    Location Intelligence
    Property ID
    US80-1316976
    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

    • CM Auto / Auto Repair Shop
    • ATM / Atm

    Property Details for 1915 Murfreesboro Pike

    Year built
    1989
    Lot size
    0.94 lot acres
    Property size
    2,835 SF
    Zone code
    CL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    135-00-0-385-00
    APU
    13500038500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,090,000
      ML approach
      $1,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,136,000
      Market price range: $248k - $1.21M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $670,000
      Current use
      AUTO REPAIR, GARAGE
      $1,720,000
      Change: +157% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,425,000
      Change: +113% Conversion: Difficult
      RETAIL STORES
      $1,310,000
      Change: +96% Conversion: Moderate
      MEDICAL BUILDING
      $990,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $830,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $820,000
      Change: +23% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6587
    Latitude
    36.0975
    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
    $9,637
    $155,760
    $140,400
    $296,160
    -
    $389,400
    $351,000
    $740,400

    Comparable in this City

    • Value Estimation
      $1,245,000
      122,950 SF

      800 Airpark Commerce Dr

      MINI-WAREHOUSE, STORAGE • 122,950 SF
      800 Airpark Commerce Dr, Nashville, TN 37217-5725
      View Details
    • Value Estimation
      $1,045,000
      252,000 SF

      700 Airpark Commerce Dr

      MINI-WAREHOUSE, STORAGE • 252,000 SF
      700 Airpark Commerce Dr, Nashville, TN 37217-3027
      View Details
    • Value Estimation
      $965,000
      146,790 SF

      501 Airpark Commerce Dr

      MINI-WAREHOUSE, STORAGE • 146,790 SF
      501 Airpark Commerce Dr, Nashville, TN 37217-3018
      View Details
    • Value Estimation by Request
      189,000 SF

      101 Airpark E Ctr

      MINI-WAREHOUSE, STORAGE • 189,000 SF
      101 Airpark E Ctr, Nashville, TN 37217-5726
      View Details
    • Value Estimation by Request
      98,914 SF

      1415 Murfreesboro Pike

      MINI-WAREHOUSE, STORAGE • 98,914 SF
      1415 Murfreesboro Pike, Nashville, TN 37217-2829
      View Details
    • Value Estimation
      $965,000
      7,200 SF

      2811 Smith Spgs Rd

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      2811 Smith Spgs Rd, Nashville, TN 37217-4310
      View Details

    Similar Nearby for Sale

    • $215,000

      Move-In Ready Townhouse in Nashville

      Comfortable townhouse with spacious living areas and convenient location.
      3512 Seneca Forest Dr, Nashville, TN 37217
      View Details
    • $180,000
      1,251 SF

      Tranquil Home Near the Lake

      Charming home in gated community with many amenities and lake access.
      4001 Anderson Rd, Nashville, TN 37217
      View Details
    • $1,300,000
      0.83 Acres

      .83 AC Level Commercial Lot For Sale

      .83 AC Level Commercial Lot For Sale
      1183 Murfreesboro Pike, Nashville, TN 37217
      View Details
    • $499,900
      1.50 Acres

      1.5 AC Development for Retail/Office or Modify for Residential Living buildout

      1.5 AC Development for Retail/Office or Modify for Residential Living buildout
      2616 Martway Drive, Nashville, TN 37217
      View Details
    • $399,900
      0.64 Acres

      0.64 Acres Vacant Land For Sale

      0.64 Acres Vacant Land For Sale
      2612 Martway Drive, Nashville, TN 37217
      View Details
    • Contact for pricing
      185 SF

      Creative Studios for Artists

      Centrally located creative complex with studios for artists and makers.
      309 Plus Park Blvd, Nashville, TN 37217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      94,500 SF

      Airpark East Warehouse Space Available

      Modern Nashville Warehouse, Flexible Space
      801 Airpark Commerce Dr, Nashville, TN 37217
      View Details
    • Contact for pricing
      388,100 SF

      Nashville Industrial Warehouse Complex

      Large warehouse space for lease in Nashville.
      0 Reynolds Rd, Nashville, TN 37217
      View Details
    • Contact for pricing
      90,720 SF

      Warehouse Space with 36' Clearance

      Divisible warehouse space featuring 36' clear height and ample parking.
      600 Airpark Commerce Dr, Nashville, TN 37217
      View Details
    • $18 SF/Yr
      4,000 SF

      Nashville Light Industrial Flex Space

      8,000 SF light industrial property with office space.
      336 Wilhagan Rd, Nashville, TN 37217
      View Details
    • Contact for pricing
      100,000 SF

      Industrial Space Near Downtown Nashville

      Industrial space with crane service, ample parking, and convenient location.
      707 Spence Ln, Nashville, TN 37217
      View Details
    • Contact for pricing
      145,639 SF

      Warehouse Space Available For Lease

      145,639 SF warehouse space with dock doors and office.
      1300 Donelson Pike, Nashville, TN 37217
      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.
    1915 Murfreesboro Pike
    Nashville, TN 37217-3218
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.