Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2908 12th S Ave Nashville, TN 37204-2510

    • Strip malls
    • 3,124 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2024
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    6.4%
    Strip malls
    Location Intelligence
    Property ID
    US80-0856938
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • KREWE / Sunglasses Store
    • White's Mercantile 12 South / General Store
    • parkingmgt.com / Parking Lot

    Property Details for 2908 12th S Ave

    Year built
    1972
    Lot size
    0.33 lot acres
    Property size
    3,124 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    118-01-0-179-00
    APU
    11801017900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $640,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $905,000
      Current use
      OFFICE BUILDING
      $1,110,000
      Change: +23% Conversion: Moderate
      MEDICAL BUILDING
      $1,090,000
      Change: +21% Conversion: Difficult
      WAREHOUSE, STORAGE
      $735,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7902
    Latitude
    36.121
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,137
    $603,760
    $15,080
    $618,840
    -
    $1,509,400
    $37,700
    $1,547,100

    Comparable in this City

    • Value Estimation
      $1,545,000
      8,260 SF

      Kirkwood Ave

      SHOPPING CENTER, STRIP CENTER • 8,260 SF
      Kirkwood Ave, Nashville, TN 37204
      View Details
    • Value Estimation
      $1,300,000
      1,147 SF

      406 Iris Dr

      SHOPPING CENTER, STRIP CENTER • 1,147 SF
      406 Iris Dr, Nashville, TN 37204-3108
      View Details
    • Value Estimation by Request
      2,244 SF

      1111 Caruthers Ave

      SHOPPING CENTER, STRIP CENTER • 2,244 SF
      1111 Caruthers Ave, Nashville, TN 37204-2412
      View Details
    • Value Estimation
      $2,095,000
      14,420 SF

      2321 8th S Ave

      SHOPPING CENTER, STRIP CENTER • 14,420 SF
      2321 8th S Ave, Nashville, TN 37204-2252
      View Details
    • Value Estimation
      $1,205,000
      8,350 SF

      2015 8th S Ave

      SHOPPING CENTER, STRIP CENTER • 8,350 SF
      2015 8th S Ave, Nashville, TN 37204-2201
      View Details
    • Value Estimation by Request
      1,855 SF

      2214 8th S Ave

      SHOPPING CENTER, STRIP CENTER • 1,855 SF
      2214 8th S Ave, Nashville, TN 37204-2206
      View Details

    Similar Nearby for Sale

    • $2,569,000
      3,614 SF

      Berry Hill Creative/Office/Retail Space

      3,614 SF creative space suitable for office or retail.
      2810 Azalea Pl, Nashville, TN 37204
      View Details
    • $1,590,000

      Berry Hill Commercial/Residential Opportunity

      Two buildings on one lot in the heart of Berry Hill.
      2830 Azalea Pl, Nashville, TN 37204
      View Details
    • $2,150,000
      4,176 SF

      Nashville Creative Office Opportunity

      Prime 8th Ave location, high visibility, flexible zoning.
      2204 8Th Ave, Nashville, TN 37204
      View Details
    • $2,655,000
      5,900 SF

      Nashville Office Building - $2.65M

      Prime Nashville office, 5,900 SF, vacant.
      4525 Trousdale Dr, Nashville, TN 37204
      View Details
    • $1,299,999
      0.75 Acres

      0.75 Acres Vacant Land For Sale

      0.75 Acres Vacant Land For Sale
      945 Inverness Ave SW, Nashville, TN 37204
      View Details
    • $16,000,000
      60,205 SF

      Prime 60,205 SF Office Building For Sale

      Prime 60,205 SF Office Building For Sale
      3038 Sidco Dr, Nashville, TN 37204
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      600 SF

      Great Commercial Space For Lease in Sought-After Berry Hill!

      Great Commercial Space For Lease in Sought-After Berry Hill!
      2808 Bransford Ave, Nashville, TN 37204
      View Details
    • Contact for pricing
      192,240 SF

      485 Craighead St

      Retail properties • 192,240 SF
      485 Craighead St, Nashville, TN 37204
      View Details
    • Contact for pricing
      1,902 SF

      Restaurant Space with Patio

      Second generation restaurant space with patio in high-traffic area.
      810 Gale Ln, Nashville, TN 37204
      View Details
    • $9 SF/Yr
      41,614 SF

      Industrial Space Near I-65

      41,614 SF industrial space with office and warehouse.
      2961 Armory Dr, Nashville, TN 37204
      View Details
    • $9 SF/Yr
      43,800 SF

      Industrial Warehouse in 100 Oaks

      43,800 SF warehouse in prime 100 Oaks location.
      3332 Powell Ave, Nashville, TN 37204
      View Details
    • Contact for pricing
      1,133 SF

      Updated Office Space Available

      Office space with updated common areas and key card access.
      700 Craighead St, Nashville, TN 37204
      View Details

    Property Visit Statistics

    • Visits by month
      6.3k
    • Visitors by month
      1.8k
    • Avg Time on site
      77 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2908 12th S Ave
    Nashville, TN 37204-2510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.