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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Medical Office Space
2531 Elm Hl Pike Nashville, TN 37214-3154
Entity Owned
31-yr Hold
~
Est. High Equity
Property ID
US80-0837508
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
19,950 SF
Lot
1.2 ac (52,272 SF)
Zoning code
MULTI-ZONE
APN
095-00-0-117-00
UPID
US80-0837508
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
-
Orchard Kenneth MD Pediatrician Physician
-
Mullins Tanya A Employment Agency
-
Miller Lindy E Physician
-
Maynard Louisa S Physician
-
Koller George Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Royal Elm Properties · 31 yrs held
Royal Elm Properties
since 1995
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$124 / 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
$29,747
Tax year 2023
Assessed value
$914,160
Assessed 2023
Previous assessed
$1,513,400
-39.6% YoY
Effective rate
3.25%
On assessed value
Assessed land
$313,640
Assessed improvement
$600,520
Land market value
$784,100
Improvement market value
$1,501,300
Total market value
$2,285,400
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
1995
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
19,950 SF
Lot
1.2 ac (52,272 SF)
Zoning code
MULTI-ZONE
APN
095-00-0-117-00
UPID
US80-0837508
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.
Building & site characteristics
From public records
Year built
1995
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Royal Elm Properties
Entity
Mailing address
3811 CLEGHORN AVE, NASHVILLE, TN 37215-2507
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2019
—
Royal Elm Properties
—
Deed
related
$250,000 · Cedarstone Bk
Jan 5, 1995
$245,000
Royal Elm Properties
Royal,elm Proper
Grant Deed
related
$1,400,000 · First American National Bank
Jan 4, 1995
$245,000
Royal Elm Properties
Royal,elm Proper
Grant Deed
related
—
—
—
Royal Elm Properties
—
Deed Of Trust
related
$250,000 · Cedarstone Bk
—
—
Royal Elm Properties
—
Deed Of Trust
related
$3,300,000 · Symetra Life Insurance Co
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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