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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Drug stores
2500 Lebanon Pike, Nashville, TN 37214-2415
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3438088
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Total area
11,274 SF
Lot
0.99 ac (43,124 SF)
Zoning code
CL
APN
095-04-0-006-00
UPID
US80-3438088
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
SunTrust ATM Atm
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$4.06M
Owner & transaction history
Exchangeright Net Leased Portfoplio · 5 yrs held
Exchangeright Net Leased Portfoplio
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
CL · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+8.5%
Restaurant
$5.6M
+6.8%
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
$4,200,000
ML approach
$4,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,215,000
Current use
COMMERCIAL (GENERAL)
$5,660,000
Change: +9% · Conversion: Easy
RESTAURANT
$5,565,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $3.85M (Apr 28 2021)
Last sale anchor
$3.85M
Apr 28 2021
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
$360 / 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
$49,851
Tax year 2023
Assessed value
$1,532,000
Assessed 2023
Previous assessed
$1,532,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$345,000
Assessed improvement
$1,187,000
Land market value
$862,500
Improvement market value
$2,967,500
Total market value
$3,830,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,274 SF
Lot
0.99 ac (43,124 SF)
Zoning code
CL
APN
095-04-0-006-00
UPID
US80-3438088
Jurisdiction
DAVIDSON
Zoning & alternative use
CL · Nashville, TN
Zoning CL · permitted uses
CL · 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
RETAIL STORES Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.7M
RESTAURANT
Est. value
$5.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfoplio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2021
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
Apr 28, 2021
$3,850,000
Exchangeright Net Leased Portfoplio
Kpcd LLC
Special Warranty Deed
—
Apr 19, 2021
—
Kpcd LLC
Donelson Corner LLC
Quit Claim Deed
related
—
Oct 8, 2019
—
Donelson Corner LLC
—
Grant Deed
related
$4,162,500 · Wilson Bk&tr
Oct 19, 2016
$3,950,000
Donelson Corner LLC
Ia Nashville Donelson LLC
Grant Deed
$3,400,000 · Insbank
Apr 23, 2007
$3,871,755
Inland American Nashville Done
Us Retail Fund
Grant Deed
—
Nov 18, 1999
$455,000
Southeast U S Retail Fund LP
Wilson,rebecca A & Charles E
Grant Deed
related
—
—
—
Inland American Nashville Don
—
Deed Of Trust
related
$2,314,703 · 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.
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