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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Bars & Pubs
318 Wilhagan Rd, Nashville, TN 37217
Entity Owned
~
Est. High Equity
Property ID
US80-0729713
Property summary
AI-generated overview
This exceptional investment opportunity presents a thriving bar located at 318 Wilhagan Rd, Nashville, TN 37217. The property boasts a substantial 3,902 square feet of space, all on a single story within a single building constructed in 1967. The asking price is $1,100,000, translating to a price per square foot of $281.91. The property sits on a 0.92-acre lot, offering significant potential for expansion or future development. The building's zoning is versatile, encompassing IR, OV-AIR, and OV-FLD designations. This allows for a range of potential uses and development options, subject to local regulations. The property's location in a high-traffic area of Nashville ensures consistent customer flow and strong revenue potential. The single-tenant occupancy simplifies management and provides a stable income stream. The property's strong financial performance and prime location make it an attractive investment for discerning buyers seeking a profitable venture in a vibrant market. The property's APN is 106-12-0-014-00. Serious inquiries only
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1967
Total area
4,742 SF
Lot
0.92 ac (40,075 SF)
Zoning code
IR
APN
106-12-0-014-00
UPID
US80-0729713
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$770k
Owner & transaction history
The Grassmere Group LLC
The Grassmere Group LLC
since 2025
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
IR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $825k (May 4 2025)
Last sale anchor
$825k
May 4 2025
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
$162 / 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
$4,977
Tax year 2023
Assessed value
$152,960
Assessed 2023
Previous assessed
$152,960
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$64,120
Assessed improvement
$88,840
Land market value
$160,300
Improvement market value
$222,100
Total market value
$382,400
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1967
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,742 SF
Lot
0.92 ac (40,075 SF)
Zoning code
IR
APN
106-12-0-014-00
UPID
US80-0729713
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · 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
1967
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
The Grassmere Group LLC
Entity
Mailing address
318 WILHAGAN RD, NASHVILLE, TN 37217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
$825,000
The Grassmere Group LLC
Lazy Lester Investments LLC
Special Warranty Deed
—
Jul 23, 2020
—
Lazy Lester Investments LLC
William E Lloyd
Quit Claim Deed
related
$152,000 · Smartbank
Aug 1, 1996
$213,000
William E Lloyd
—
Grant Deed
related
—
—
—
William E Lloyd
—
Deed Of Trust
related
$235,000 · First Tennessee Bank National
—
—
William E Lloyd
—
Deed Of Trust
related
$250,000 · Bank Of Tuscaloosa
—
—
William E Lloyd
—
Deed Of Trust
related
$227,296 · 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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