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Property profile & analytics
OFF-MARKET
Estimated value
$8,710,000
Strip malls
3814 Charlotte Ave Nashville, TN 37209-3737
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-1672365
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1928
Total area
41,624 SF
Lot
6.61 ac (287,932 SF)
Zoning code
IR
APN
092-09-0-163-00
UPID
US80-1672365
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
-
Imago Dei Clothing Store
-
Gracie's Milkshake Bar Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.53M
Comparable Approach
Comparable
$5.86M
Blend (final)
Blend
$8.71M
Owner & transaction history
L & L Market Place LLC · 10 yrs held
L & L Market Place LLC
since 2016
7 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%
$9,240,000
6.5%
$8,530,000
7%
$7,920,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,430,000
Current use
COMMERCIAL (GENERAL)
$12,045,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,240,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.71M
Range $7.84M – $9.58M · ±10%
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
$209 / 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
$189,786
Tax year 2023
Assessed value
$5,832,400
Assessed 2023
Previous assessed
$5,832,400
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,902,360
Assessed improvement
$2,930,040
Land market value
$7,255,900
Improvement market value
$7,325,100
Total market value
$14,581,000
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
1928
Heating
SPACE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
41,624 SF
Lot
6.61 ac (287,932 SF)
Zoning code
IR
APN
092-09-0-163-00
UPID
US80-1672365
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1928
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.61 ac
Current owner
From public records · entity-resolved
L & L Market Place LLC
Entity
Mailing address
PO BOX 993, BRENTWOOD, TN 37024-0993
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2019
—
L & L Market Place LLC
—
Grant Deed
related
$9,400,000 · Us Bk
Aug 28, 2019
—
Pdg Charlotte LLC
—
Deed
related
—
May 28, 2019
—
Ari Holdings LLC
—
Deed
related
$2,300,000 · Wilson Bk&tr
May 16, 2016
—
L & L Market Place LLC
Ozari,tamay
Quit Claim Deed
related
$4,650,000 · Wilson Bk&tr
Jun 29, 2005
—
Tamay Ozari
—
Trustees Deed
related
$500,000 · Firstbank Br 80
—
—
Ari Holdings LLC
—
Deed Of Trust
related
$2,300,000 · Wilson Bk&tr
—
—
Tamay Ozari
—
Deed Of Trust
related
$750,000 · First Advantage Bank
—
—
Pdg Charlotte LLC
—
Loan Modification
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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