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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Medical Office Space
3109 John A Merritt Blvd Nashville, TN 37209-1509
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-3439274
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
8,499 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OR20
APN
092-01-0-072-00
UPID
US80-3439274
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
$1.17M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.25M
Owner & transaction history
Tennessee State University Foundati · 4 yrs held
Tennessee State University Foundati
since 2022
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
OR20 · 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
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,645,000
7%
$1,530,000
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.30M (Jun 27 2022)
Last sale anchor
$1.30M
Jun 27 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
$146 / 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
$10,828
Tax year 2023
Assessed value
$332,760
Assessed 2023
Previous assessed
$332,760
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$69,000
Assessed improvement
$263,760
Land market value
$172,500
Improvement market value
$659,400
Total market value
$831,900
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
1968
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
8,499 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OR20
APN
092-01-0-072-00
UPID
US80-3439274
Jurisdiction
DAVIDSON
Zoning & alternative use
OR20 · Nashville, TN
Zoning OR20 · permitted uses
OR20 · 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
1968
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Tennessee State University Foundati
Individual
Free & Clear · 4 yrs held
Mailing address
3500 JOHN A MERRITT BLVD #9542, NASHVILLE, TN 37209-1500
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$1,300,000
Tennessee State University Foundati
Ellen Stokes Banks
Special Warranty Deed
—
Sep 12, 2002
—
Ellen R Willis
Brown,dorothy L
Grant Deed
related
—
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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