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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Medical Office Space
2805 Azalea Pl Nashville, TN 37204-3117
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0140162
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1945
Construction
FRAME
Total area
1,933 SF
Lot
0.29 ac (12,632 SF)
Zoning code
4ZZ
APN
118-07-0-129-00
UPID
US80-0140162
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
-
Berry Hill Chiropractic Alternative Medicine Practice
-
Jenson Gillette Alternative Medicine Practice
-
Jenson Elijah Gillette Alternative Medicine Practice
-
Beth Barnett Alternative Medicine Practice
-
Dr. Shanda Novak Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$885k
Owner & transaction history
Gillette Jenson · 5 yrs held
Gillette Jenson
since 2020
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
4ZZ · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Auto repair, garage
$1.2M
+73.7%
Commercial (general)
$970,000
+43.8%
Retail stores
$895,000
+32.5%
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
$1,150,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$675,000
Current use
AUTO REPAIR, GARAGE
$1,170,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +44% · Conversion: Easy
RETAIL STORES
$895,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $850k (Nov 3 2020)
Last sale anchor
$850k
Nov 3 2020
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
$458 / 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
$11,876
Tax year 2023
Assessed value
$406,440
Assessed 2023
Previous assessed
$406,440
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$227,360
Assessed improvement
$179,080
Land market value
$568,400
Improvement market value
$447,700
Total market value
$1,016,100
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
1945
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
1,933 SF
Lot
0.29 ac (12,632 SF)
Zoning code
4ZZ
APN
118-07-0-129-00
UPID
US80-0140162
Jurisdiction
DAVIDSON
Zoning & alternative use
4ZZ · Nashville, TNZoning 4ZZ · permitted uses
4ZZ · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$970,000
RETAIL STORES
Est. value
$895,000
OFFICE BUILDING
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1945
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gillette Jenson
Individual
Mailing address
2805 AZALEA PL, NASHVILLE, TN 37204-3117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
Elijah Gillette Jenson
—
Deed
related
$332,400 · North State Bank
Nov 3, 2020
$850,000
Gillette Jenson
Azalea Bb LLC
Grant Deed
$850,000 · Azalea Bb LLC
Jan 23, 2014
—
Azalea Bbe LLC
Barnett,beth S
Quit Claim Deed
related
—
Mar 20, 2013
$560,000
Beth S Barnett
Hutchinson,lydia
Warranty Deed
—
Feb 14, 2006
—
Lydia L Hutchinson
—
Trustees Deed
related
$80,000 · Regions Bank
Dec 2, 2003
$222,500
Lydia Hutchinson
Zoretic,michael A
Grant Deed
$152,000 · Union Planters National Bank
Apr 18, 2000
$142,000
Michael M Zoretic
Kennedy,ollie R
Grant Deed
$150,000 · Suntrust Bank Nashville NA
—
—
Lydia L Hutchinson
—
Deed Of Trust
related
$60,000 · Regions Bank
—
—
Michael A Zoretic
—
Deed Of Trust
related
$231,000 · National Bank Commerce Tr & Sa
—
—
Lydia Hutchinson
—
Deed Of Trust
related
$55,000 · Union Planters National Bank
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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