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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Strip malls
2305 Booker St Nashville, TN 37208-3428
Entity Owned
~
Est. High Equity
Property ID
US80-1110084
Property summary
AI-generated overview
This exceptional 0.87-acre mixed-use property, located at 2305 Booker St in Nashville, Tennessee (zip code 37208), presents a unique redevelopment opportunity. Currently zoned OV/UZO within an Urban Zoning Overlay (permitted zoning OV-UZO), the site offers significant potential for various projects. The existing building on the property is of no value and is currently used for storage
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1964
Total area
3,856 SF
Lot
0.87 ac (37,897 SF)
Zoning code
MULTI-ZONE
APN
092-07-0-253-00
UPID
US80-1110084
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
$1.18M
Blend (final)
Blend
$1.05M
Owner & transaction history
2305 Booker LLC
2305 Booker LLC
since 2025
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+20.5%
Office building
$1.1M
+0.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Current use
MEDICAL BUILDING
$1,345,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,060,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$910,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $975k (May 1 2025)
Last sale anchor
$975k
May 1 2025
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
$271 / 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
$9,638
Tax year 2023
Assessed value
$296,200
Assessed 2023
Previous assessed
$296,200
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$295,600
Assessed improvement
$600
Land market value
$739,000
Improvement market value
$1,500
Total market value
$740,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1964
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,856 SF
Lot
0.87 ac (37,897 SF)
Zoning code
MULTI-ZONE
APN
092-07-0-253-00
UPID
US80-1110084
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
$1.1M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1964
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
2305 Booker LLC
Entity
Mailing address
1817 NEAL TER, NASHVILLE, TN 37203-5534
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$975,000
2305 Booker LLC
Lloyd O Russell JR Rlt
Warranty Deed
$585,000 · Bd Capital Se LLC
Aug 15, 2023
—
Lloyd Russell JR
Lloyd Russell
Intrafamily Transfer
related
—
Aug 22, 1997
$35,200
Lloyd Russell
Najafabadi,p K
Grant Deed
$68,500 · Karshenas Soghra
Aug 22, 1997
$70,000
Lloyd Russell
—
Grant Deed
related
—
Jun 4, 1997
$38,500
Karshenas,soghra
Unknown
Trustees Deed
$28,880 · Najafabadi P K
Jun 4, 1997
$35,200
Karshenas,soghra
—
Trustees Deed
related
—
Sep 23, 1996
$38,500
P K Najafabadi
—
Grant Deed
related
—
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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