Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3941 Nolensville Pike Nashville, TN 37211-4202
    Back to Search
    Property profile & analytics

    3941 Nolensville Pike, Nashville, TN 37211-4202

    View on Map
    • Strip malls
    • 16,240 SF
    • 6.02 lot acres
    Off-Market
    Last Sale Dec 30, 2025
    $13,450,000
    Property ID
    US80-1501083
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 3941 Nolensville Pike

    Year built
    1985
    Lot size
    6.02 lot acres
    Property size
    16,240 SF
    Zone code
    MULTI-ZONE
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    133-15-0-145-00
    APU
    13315014500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7295
    Latitude
    36.0859
    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
    $65,946
    $944,040
    $1,082,560
    $2,026,600
    -
    $2,360,100
    $2,706,400
    $5,066,500

    Comparable in this City

    • Value Estimation by Request
      784 SF

      7009 Lenox Vlg Dr Ste, Unit 103

      SHOPPING CENTER, STRIP CENTER • 784 SF
      7009 Lenox Vlg Dr Ste, Nashville, TN 37211-7163
      View Details
    • Value Estimation by Request
      874 SF

      7009 Lenox Vlg Dr Ste, Unit 108

      SHOPPING CENTER, STRIP CENTER • 874 SF
      7009 Lenox Vlg Dr Ste, Nashville, TN 37211-7163
      View Details
    • Value Estimation
      $8,955,000
      106,585 SF

      3760 Nolensville Pike

      SHOPPING CENTER, STRIP CENTER • 106,585 SF
      3760 Nolensville Pike, Nashville, TN 37211-3323
      View Details
    • Value Estimation
      $1,000,000
      2,660 SF

      3702 Nolensville Pike

      SHOPPING CENTER, STRIP CENTER • 2,660 SF
      3702 Nolensville Pike, Nashville, TN 37211-3302
      View Details
    • Value Estimation
      $3,225,000
      19,800 SF

      202 Thompson Ln

      SHOPPING CENTER, STRIP CENTER • 19,800 SF
      202 Thompson Ln, Nashville, TN 37211-2414
      View Details
    • Value Estimation
      $5,625,000
      38,170 SF

      3802 Nolensville Pike

      SHOPPING CENTER, STRIP CENTER • 38,170 SF
      3802 Nolensville Pike, Nashville, TN 37211-3477
      View Details

    Similar Nearby for Sale

    • $739,900

      Renovated Plaza Near Nashville Zoo

      Freestanding plaza with multiple income streams near Nashville Zoo.
      408 Elysian Fields Rd, Nashville, TN 37211
      View Details
    • Contact for pricing
      32,900 SF

      Retail Shops at Plaza Mariachi

      32,900 SF retail shops near Plaza Mariachi for sale.
      3943-3961 Nolensville Pike, Nashville, TN 37211
      View Details
    • $420,000
      1,065 SF

      Lenox Village Commercial Property

      Commercial property with fenced patio, suitable for various businesses.
      7009 Lenox Village Dr, Nashville, TN 37211
      View Details
    • Contact for pricing
      3,820 SF

      Retail Space with High Visibility

      Renovated retail space with ample parking and excellent visibility.
      620 Brentwood East Dr, Nashville, TN 37211
      View Details
    • $1,950,000
      3,648 SF

      Versatile Industrial Space Near Downtown

      3,648 SF industrial property in Nashville's growing commercial corridor.
      2612 Grandview Ave, Nashville, TN 37211
      View Details
    • Contact for pricing
      3,061 SF

      Highway 100 Retail Investment

      NNN leased Zaxby's with strong sales and rental income.
      5228 Nolensville Pike, Nashville, TN 37211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,500 SF

      Retail Space on Nolensville Pike

      13,500 SF retail building on 2.72-acre outparcel.
      5429 Nolensville Pike, Nashville, TN 37211
      View Details
    • Contact for pricing

      Nashville Retail Space for Lease

      Retail space and pad site available in Hickory Plaza.
      5753 Nolensville Park, Nashville, TN 37211
      View Details
    • Contact for pricing
      5,650 SF

      Lenox Village Retail Space Available

      Retail suites available in Lenox Village community, Nashville, TN.
      6900 Lenox Village Dr, Nashville, TN 37211
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Anchored by Kroger

      Retail space in Nashville, anchored by Kroger.
      63 E Thompson Ln, Nashville, TN 37211
      View Details
    • Contact for pricing

      Retail Space on Nolensville Pike

      9,900 SF retail space in South Nashville.
      4876 Nolensville Rd, Nashville, TN 37211
      View Details
    • Contact for pricing
      2,400 SF

      Retail Pad Site For Lease

      2,400 SF retail pad site available for ground lease.
      5771 Nolensville Pike, Nashville, TN 37211
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3941 Nolensville Pike
    Nashville, TN 37211-4202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3941 Nolensville Pike, Nashville, TN, 37211
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!