Property profile

240 Great Circle Rd Nashville, TN 37228

FOR LEASE
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Property ID
US80-1414557
85,757 SF 5.06 ac Built 1982
Last sale Jul 2018·$21,120,332
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a flex and industrial space located on Great Circle Road in Nashville, Tennessee. It is configured to support flex use and industrial purposes.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$89k
Tax billed · 2023
Assessed value$2.75M
Assessed land$1.06M
Assessed improvement$1.69M
Effective rate3.25%

Value estimate

· Nov 2026
$14.59M
$13.13M – $16.05M
CAP approach$16.03M
Submarket $/SF estimate$19.19M
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$9k
Operating expenses−$65k
NOI · 1,008,613.33% cap applied$151k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$502/SF
Submarket average, outlier-cleaned · 245 recorded sales of this use type
Observed band · Q1–Q3$165 – $938
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,008,613.33%
$151k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IWD
IWD, Industrial Warehousing/Distribution District. The IWD district implements those industrial policies of the general plan that provide...
General categoryINDUSTRIAL
JurisdictionDAVIDSON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.5
Parking Facility10.0
Plumbing Service9.6

Location

240 Great Circle Rd Nashville, TN 37228
County assessor Recorded deeds · 8 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
740 Freeland Sta, Nashville, TN 37228-1002 $900,000 Mar 2025 24,720 SF
734 Freeland Sta, Nashville, TN 37228-1001 $235,000 Nov 2024 20,152 SF
230 Cumberland, Nashville, TN 37228-1804 $11,000,000 Dec 2021 69,686 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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