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Property profile & analytics
OFF-MARKET
Medical Office Space
3827 Cleghorn Ave Nashville, TN 37215-2507
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3553380
Property summary
AI-generated overview
This exceptional 0.64-acre commercial land parcel, situated in Nashville's desirable Green Hills submarket, presents a unique ground lease opportunity. The property comprises two combined parcels at 3827 & 3829 Cleghorn Avenue, offering a substantial 150-foot frontage. Its strategic location within Green Hills, a consistently sought-after neighborhood, ensures high visibility and accessibility. The site's zoning permits a variety of uses, making it ideal for developers seeking to establish a medical office building, financial institution, or other compatible commercial venture. Given the limited availability of comparable sites in this thriving area, this property represents a rare chance to secure a premium location within Nashville's dynamic urban landscape. The property's size and prominent frontage provide ample space for a substantial development, capitalizing on the continued growth and desirability of the Green Hills submarket. This is an exceptional opportunity for investors and developers seeking a prime location for a new commercial project. The combined parcels offer a significant advantage in terms of development potential and overall impact.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1951
Total area
3,188 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OR20
APN
117-14-0-038-00
UPID
US80-3553380
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
-
City Lash and Beauty Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Epice Gh Re LLC · 1 yrs held
Epice Gh Re LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
OR20 · 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,680
Tax year 2023
Assessed value
$697,000
Assessed 2023
Previous assessed
$697,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$669,600
Assessed improvement
$27,400
Land market value
$1,674,000
Improvement market value
$68,500
Total market value
$1,742,500
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
1951
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
1
Total area
3,188 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OR20
APN
117-14-0-038-00
UPID
US80-3553380
Jurisdiction
DAVIDSON
Zoning & alternative use
OR20 · Nashville, TN
Zoning OR20 · permitted uses
OR20 · 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
1951
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Epice Gh Re LLC
Entity
Mailing address
4423 IROQUOIS AVE, NASHVILLE, TN 37205-3863
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
$2,100,000
Epice Gh Re LLC
Kimberly C Crafton Living Trust
Special Warranty Deed
$1,680,000 · Pinnacle Bank
Oct 24, 2019
—
Crafton,k C Living Trust
James A Crafton
Quit Claim Deed
related
—
Oct 21, 2004
$850,000
James A Crafton
Viking Properties LLC
Warranty Deed
$680,000 · Amsouth Bank
Oct 4, 1997
$210,000
Viking Products
Unknown
Grant Deed
$420,000 · Premier Bank
Apr 11, 1996
$210,000
Propeties Viking
Unknown
Grant Deed
$370,000 · Franklin National Bank
Jan 19, 1995
$210,000
LLC Viking Properties
Viking,propertie
Grant Deed
related
$280,100 · Brentwood Bank
Jan 12, 1995
$210,000
Viking Properties LLC
Viking,propertie
Grant Deed
related
—
—
—
Viking Properties LLC
—
Deed Of Trust
related
$105,150 · Premier Bank Of Brentwood
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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