Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24 Music E Sq Nashville, TN 37203-4344
    Back to Search
    Property profile & analytics

    24 Music E Sq Nashville, TN 37203-4344

    View on Map
    • Office buildings
    • 3,660 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US80-1860294
    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
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carnival Music / Recording Studio
    • Music Alley / (Bike/Boat/Book/etc) Store
    • This Music Inc / Vocational School / Training Center

    Property Details for 24 Music E Sq

    Year built
    1920
    Lot size
    0.19 lot acres
    Property size
    3,660 SF
    Zone code
    ORI
    Property type
    Office buildings
    APN
    093-13-0-163-00
    APU
    9313016300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $815,000
      6.5%
      $750,000
      7%
      $700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7916
    Latitude
    36.1499
    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
    $18,726
    $493,920
    $81,560
    $575,480
    -
    $1,234,800
    $203,900
    $1,438,700

    Comparable in this City

    • Value Estimation
      $4,440,000
      19,006 SF

      905 Harrison St

      OFFICE BUILDING • 19,006 SF
      905 Harrison St, Nashville, TN 37203-3324
      View Details
    • Value Estimation
      $1,320,000
      6,763 SF

      476 Gray St

      OFFICE BUILDING • 6,763 SF
      476 Gray St, Nashville, TN 37203-4861
      View Details
    • Value Estimation by Request
      2,430 SF

      23 Music E Cir

      OFFICE BUILDING • 2,430 SF
      23 Music E Cir, Nashville, TN 37203-4327
      View Details
    • Value Estimation by Request
      4,368 SF

      51 Music E Sq

      OFFICE BUILDING • 4,368 SF
      51 Music E Sq, Nashville, TN 37203-4324
      View Details
    • Value Estimation
      $42,180,000
      223,534 SF

      2555 Park Plz

      OFFICE BUILDING • 223,534 SF
      2555 Park Plz, Nashville, TN 37203-1512
      View Details
    • Value Estimation
      $2,890,000
      27,642 SF

      2214 Elliston Pl

      OFFICE BUILDING • 27,642 SF
      2214 Elliston Pl, Nashville, TN 37203-5245
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,400 SF

      Nashville Office Building For Sale

      Office building with 12,400 square feet of space available.
      1707 Division St, Nashville, TN 37203
      View Details
    • Contact for pricing
      10,419 SF

      West End Avenue Office Building

      Three-story office building with basement, renovated, parking, and architectural details.
      3301 W End Ave, Nashville, TN 37203
      View Details
    • $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
    • $3,500,000

      Nashville Office Building For Sale

      Office building with interior elevator and surface parking.
      205 23Rd Ave North, Nashville, TN 37203
      View Details
    • $259,000
      445 SF

      Opportunity to Own a Commercial Office / Studio on West End at I-440

      Opportunity to Own a Commercial Office / Studio on West End at I-440
      3415 West End Ave, Nashville, TN 37203
      View Details
    • Contact for pricing
      3,000 SF

      Office Building For Sale

      Two-story office building with partially finished attic, built in 1988.
      2908-2910 Poston Ave, Nashville, TN 37203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Rent

      Office building at 613 Ewing Avenue, Nashville, TN 37203.
      613 Ewing Ave, Nashville, TN 37203
      View Details
    • Contact for pricing

      Professional Office Space in Nashville

      Office building in desirable business corridor with modern amenities.
      3212 West End Ave, 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

      Mixed-Use Community in Downtown Nashville

      3.9-acre mixed-use community with office, residential, and hotel components.
      1600 West End Ave, Nashville, TN 37203
      View Details
    • Contact for pricing

      Midtown Nashville Office Building

      Three-story office building in the heart of Midtown Nashville.
      1800 Church St, Nashville, TN 37203
      View Details
    • Contact for pricing
      192,000 SF

      Nashville Office and Retail Space

      192,000 RSF office and retail space for lease.
      1234 Martin St, Nashville, TN 37203
      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.
    24 Music E Sq
    Nashville, TN 37203-4344
    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

    Thank You for Inquiry
    24 Music E Sq, Nashville, TN, 37203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!