Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$21,880,000
Medical Office Space
2400 Patterson St Nashville, TN 37203-1562
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US80-0863281
Property summary
AI-generated overview
Physicians Park, located at 2400 Patterson St, Nashville, TN 37203, offers exceptional medical office space for lease. This multi-tenant building boasts a total of 14,745 square feet, currently entirely vacant and available for immediate occupancy. The property is ideally suited for a variety of medical practices, offering flexible space options to accommodate diverse needs. Individual suites range from a minimum of 1,425 square feet to a maximum contiguous space of 11,102 square feet, providing ample room for expansion or consolidation. The building's prime location in Nashville offers excellent visibility and accessibility, ensuring convenient access for patients and staff. This is a rare opportunity to secure a significant amount of high-quality medical office space in a desirable Nashville location. The property is classified as an office building with a medical office subtype. Interested parties are encouraged to inquire about lease terms and availability. The building's address is easily accessible via major roadways, providing convenient access for patients and staff. The entire 14,745 square feet is currently available for lease.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
201,408 SF
Lot
1.21 ac (52,708 SF)
Zoning code
MULTI-ZONE
APN
092-11-0-390-00-003
UPID
US80-0863281
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
Current use
Occupant on record · Public records
-
Centennial medical center Hospital
-
Heart And Vascular Clinic Hospital
-
Nashville Neurosurgery Associates Physician
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
-
Centennial Heart Cardiovascular Consultants Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.82M
Blend (final)
Blend
$21.88M
Owner & transaction history
Mob 72 Of Tennessee LLC
Mob 72 Of Tennessee LLC
1 recorded transaction
Zoning & alternative use
MULTI-ZONE · Nashville, TN
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
Blend value · Realmo final
$21.88M
Range $19.69M – $24.07M · ±10%
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
$109 / 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
$470,977
Tax year 2023
Assessed value
$14,473,800
Assessed 2023
Previous assessed
$14,473,800
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,635,360
Assessed improvement
$11,838,440
Land market value
$6,588,400
Improvement market value
$29,596,100
Total market value
$36,184,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
CENTRAL
Stories
5
Total area
201,408 SF
Lot
1.21 ac (52,708 SF)
Zoning code
MULTI-ZONE
APN
092-11-0-390-00-003
UPID
US80-0863281
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TNZoning 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
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.21 ac
Current owner
From public records · entity-resolved
Mob 72 Of Tennessee LLC
Entity
Mailing address
3000 MERIDIAN BLVD STE #200, FRANKLIN, TN 37067-6388
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Mob 72 Of Tennessee LLC
—
Deed Of Trust
related
$10,112,088 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2400 Patterson St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
