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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Strip malls
3407 Gallatin Pike Nashville, TN 37216-2601
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1769226
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
12,916 SF
Lot
1.58 ac (68,825 SF)
Zoning code
MUL-A
APN
072-02-0-140-00
UPID
US80-1769226
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
-
East Nashville Antiques Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Southern Exchange And Acquisitions · 1 yrs held
Southern Exchange And Acquisitions
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
MUL-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+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
$2,410,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
$3,080,000
6.5%
$2,845,000
7%
$2,640,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,740,000
Current use
OFFICE BUILDING
$3,770,000
Change: +1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,175,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.05M (May 16 2025)
Last sale anchor
$2.05M
May 16 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
$183 / 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
$30,077
Tax year 2023
Assessed value
$924,320
Assessed 2023
Previous assessed
$924,320
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$688,240
Assessed improvement
$236,080
Land market value
$1,720,600
Improvement market value
$590,200
Total market value
$2,310,800
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
1998
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,916 SF
Lot
1.58 ac (68,825 SF)
Zoning code
MUL-A
APN
072-02-0-140-00
UPID
US80-1769226
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
$3.7M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Southern Exchange And Acquisitions
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 160730, NASHVILLE, TN 37216-0730
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
Southern Exchange And Acquisitions
Southern Exchange And Acquisitions
Quitclaim Deed
related
—
Oct 16, 2020
$2,050,000
Main,street Land Trust
Richard W Carpenter SR.
Grant Deed
$1,750,000 · Richard W SR Carpenter
Jun 18, 2018
—
Richard W Carpenter SR.
Home Road Property LLC
Quit Claim Deed
related
—
Dec 22, 1998
—
Home Road Property LLC
Thomas C Scott Trustee
Quit Claim Deed
related
—
Dec 15, 1997
—
Glenridge Development
—
Deed Of Trust
related
—
Dec 12, 1997
$151,848
Glenridge Development
—
Grant Deed
related
—
Mar 30, 1996
$340,000
Realmark Equities Corp
Realmark,equitie
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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