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Property profile & analytics
OFF-MARKET
Estimated value
$4,540,000
Medical Office Space
316 22nd N Ave Nashville, TN 37203-1842
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1182821
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
8,111 SF
Lot
0.58 ac (25,265 SF)
Zoning code
MUG-A
APN
092-11-0-271-00
UPID
US80-1182821
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
-
Dr. James S. Price, MD Physician
-
Paul C. McNabb MD Physician
-
Ut Medical Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$4.54M
Owner & transaction history
Midtown Medical LLC · 3 yrs held
Midtown Medical LLC
since 2023
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
MUG-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+73.7%
Warehouse, storage
$4.3M
+53.1%
Neighborhood: shopping center
$4.3M
+51.7%
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
$4,610,000
ML approach
$4,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,830,000
Current use
AUTO REPAIR, GARAGE
$4,915,000
Change: +74% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,330,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,295,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$3,750,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$4.54M
Range $4.09M – $4.99M · ±10% · vs last sale $5.13M (Jul 3 2023)
Last sale anchor
$5.13M
Jul 3 2023
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
$560 / 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
$41,215
Tax year 2023
Assessed value
$1,266,600
Assessed 2023
Previous assessed
$1,266,600
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,263,240
Assessed improvement
$3,360
Land market value
$3,158,100
Improvement market value
$8,400
Total market value
$3,166,500
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
1973
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,111 SF
Lot
0.58 ac (25,265 SF)
Zoning code
MUG-A
APN
092-11-0-271-00
UPID
US80-1182821
Jurisdiction
DAVIDSON
Zoning & alternative use
MUG-A · Nashville, TN
Zoning MUG-A · permitted uses
MUG-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
MEDICAL BUILDING Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1973
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Midtown Medical LLC
Entity
Mailing address
2004 HAYES ST STE #800, NASHVILLE, TN 37203-2659
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Midtown Medical LLC
Murphy Avenue General Partnership
Quit Claim Deed
related
$98,306,400 · Truist Bank
Jul 2, 2021
$5,125,000
Murphy Avenue General Partnership
Saint Thomas West Hospital
Special Warranty Deed
—
Jan 4, 2021
$3,025,000
Saint Thomas West Hospital
Green Legacy III Partnership
Warranty Deed
—
Jun 3, 2016
—
Green Legacy III Ptshp
Harris,mary G
Quit Claim Deed
related
—
Mar 10, 2016
$114,240
Mary G Harris
Green,james R
Quit Claim Deed
related
—
Mar 10, 2016
—
Mary G Harris
Green Mary R
Quit Claim Deed
related
—
Dec 21, 1992
$150,000
Robert A Green
Unknown
Grant Deed
—
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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