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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3708 Hillsboro Pike Nashville, TN 37215

    • Strip malls
    • 18,596 SF
    • 0.73 lot acres
    For Sale
    View listing
    Last Sale
    Nov 23, 2021
    $11,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0817155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • The Glendale / Shopping Center & Mall
    • Data Retrieval / Computer & Electronic Repair / (Bike/Boat/Book/etc) Store
    • Tina's Nail Spa / Nail Salon

    Property Details for 3708 Hillsboro Pike

    Year built
    1965
    Lot size
    0.73 lot acres
    Property size
    18,596 SF
    Zone code
    SCR
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    117-11-0-055-00
    APU
    11711005500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,570,000
      ML approach
      $9,910,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $11,275,000
      COMMERCIAL (GENERAL)
      $9,335,000
      RESTAURANT
      $9,180,000
      RETAIL STORES
      $8,600,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8107
    Latitude
    36.1097
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,100
    $1,971,520
    $244,200
    $2,215,720
    -
    $4,928,800
    $610,500
    $5,539,300

    Comparable in this City

    • Value Estimation
      $8,690,000
      64,700 SF

      3730 Hillsboro Pike

      SHOPPING CENTER, STRIP CENTER • 64,700 SF
      3730 Hillsboro Pike, Nashville, TN 37215-2118
      View Details
    • Value Estimation
      $3,500,000
      21,835 SF

      4011 Hillsboro Pike

      SHOPPING CENTER, STRIP CENTER • 21,835 SF
      4011 Hillsboro Pike, Nashville, TN 37215-2718
      View Details
    • Value Estimation
      $3,805,000
      16,704 SF

      2126 Abbott Martin Rd

      SHOPPING CENTER, STRIP CENTER • 16,704 SF
      2126 Abbott Martin Rd, Nashville, TN 37215-2690
      View Details
    • Value Estimation
      $1,400,000
      6,138 SF

      3908 Hillsboro Pike

      SHOPPING CENTER, STRIP CENTER • 6,138 SF
      3908 Hillsboro Pike, Nashville, TN 37215-2717
      View Details
    • Value Estimation
      $885,000
      5,992 SF

      2203 Bandywood Dr

      SHOPPING CENTER, STRIP CENTER • 5,992 SF
      2203 Bandywood Dr, Nashville, TN 37215-2756
      View Details
    • Value Estimation
      $2,340,000
      11,980 SF

      2109 Abbott Martin Rd

      SHOPPING CENTER, STRIP CENTER • 11,980 SF
      2109 Abbott Martin Rd, Nashville, TN 37215-2629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,169 SF

      Prime Retail Space in Nashville

      Premier retail asset in Nashville's desirable Green Hills submarket.
      3708 Hillsboro Pike, Nashville, TN 37215
      View Details
    • $1,575,000
      2,675 SF

      Retail Condominium in Green Hills

      Retail condominium in Green Hills neighborhood with high traffic.
      4104 Hillsboro Pike, Nashville, TN 37215
      View Details
    • $14,835,575

      Retail Property on Hillsboro Pike

      Retail property for sale on Hillsboro Pike, Nashville.
      3715 Hillsboro Pike, Nashville, TN 37215
      View Details
    • $337,000
      2.07 Acres

      2.07 Acres Vacant Land For Sale

      2.07 Acres Vacant Land For Sale
      6014 Sherwood Ct, Nashville, TN 37215
      View Details
    • Contact for pricing
      17,000 SF

      Green Hills Office Building For Sale

      Multi-story office building in the heart of Green Hills.
      2120 Crestmoor Rd, Nashville, TN 37215
      View Details
    • Contact for pricing

      Green Hills Redevelopment Opportunity

      1.13 acres in Green Hills, Nashville, suitable for redevelopment.
      2911 Hillsboro Pike, Nashville, TN 37215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,095 SF

      Green Hills Court Office Space

      Nashville Office Suites Available Now
      4004 Hillsboro Pike, Nashville, TN 37215
      View Details
    • $5,000 /Mo
      202 SF

      Retail Space in Green Hills

      Retail space for lease in a prime Green Hills location.
      4205 Hillsboro Pike, Nashville, TN 37215
      View Details
    • Contact for pricing
      2,085 SF

      Retail Space on Abbott Martin

      Retail space available for lease in Nashville, Tennessee.
      2101 Abbott Martin Rd, Nashville, TN 37215
      View Details
    • $32 SF/Yr
      2,100 SF

      Office Space with Ample Parking

      Office space for rent with parking in high-traffic area.
      2209 Abbott Martin Rd, Nashville, TN 37215
      View Details
    • $50 SF/Yr
      6,444 SF

      Nashville Office Space For Rent

      6,444 SF office space available for lease.
      2216 Abbott Martin Rd, Nashville, TN 37215
      View Details
    • Contact for pricing
      4,406 SF

      Nashville Office Space For Rent

      Office space in Green Hills neighborhood, Nashville, TN.
      40 Burton Hills Blvd, Nashville, TN 37215
      View Details
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    Nashville, TN 37215
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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