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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
3109 Gallatin Pike Nashville, TN 37216-3035
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3432978
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1940
Total area
2,420 SF
Lot
0.16 ac (6,970 SF)
Zoning code
MUL-A
APN
072-06-0-141-00
UPID
US80-3432978
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$525k
Owner & transaction history
Brainworks Homes LLC · 4 yrs held
Brainworks Homes LLC
since 2022
Last sale
$640,000
3 recorded transactions
Zoning & alternative use
MUL-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$845,000
+20.5%
Office building
$705,000
+0.9%
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
$495,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Current use
MEDICAL BUILDING
$845,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$570,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $640k (May 3 2022)
Last sale anchor
$640k
May 3 2022
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
$217 / 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
$4,100
Tax year 2023
Assessed value
$126,000
Assessed 2023
Previous assessed
$126,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$88,560
Assessed improvement
$37,440
Land market value
$221,400
Improvement market value
$93,600
Total market value
$315,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1940
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
2,420 SF
Lot
0.16 ac (6,970 SF)
Zoning code
MUL-A
APN
072-06-0-141-00
UPID
US80-3432978
Jurisdiction
DAVIDSON
Zoning & alternative use
MUL-A · Nashville, TN
Zoning MUL-A · permitted uses
MUL-A · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$700,000
MEDICAL BUILDING
Est. value
$845,000
OFFICE BUILDING
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1940
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Brainworks Homes LLC
Entity
Mailing address
1334 CARDINAL AVE, NASHVILLE, TN 37216-2328
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$640,000
Brainworks Homes LLC
Timothy Griggs
Warranty Deed
$512,000 · Wilson Bank & Trust
Aug 13, 2015
—
Timothy Griggs
Griggs,timothy & Michelle
Quit Claim Deed
related
—
Sep 30, 2003
$60,000
Timothy Griggs
Sadler,malcolm F & Joyce
Grant Deed
$48,625 · Suntrust Bank NA
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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