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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Theaters & concert halls
400 4th S Ave Nashville, TN 37201-2212
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-1551727
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1874
Total area
14,742 SF
Lot
0.26 ac (11,326 SF)
Zoning code
MULTI-ZONE
APN
093-10-0-439-00
UPID
US80-1551727
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
-
AC/Springhill/Residence Inn Hotel & Motel
-
The Bell Tower Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Pscd LLC · 13 yrs held
Pscd LLC
since 2012
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+99.2%
Retail stores
$2.0M
+95.2%
Neighborhood: shopping center
$1.4M
+38.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$1,020,000
Current use
MEDICAL BUILDING
$2,035,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$1,990,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,355,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$83 / 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
$76,051
Tax year 2023
Assessed value
$2,247,760
Assessed 2023
Previous assessed
$2,247,760
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$2,038,520
Assessed improvement
$209,240
Land market value
$5,096,300
Improvement market value
$523,100
Total market value
$5,619,400
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1874
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,742 SF
Lot
0.26 ac (11,326 SF)
Zoning code
MULTI-ZONE
APN
093-10-0-439-00
UPID
US80-1551727
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
THEATER (MOVIE) Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
THEATER (MOVIE) Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1874
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Pscd LLC
Entity
Free & Clear · 13 yrs held
Mailing address
309 WESTVIEW AVE, NASHVILLE, TN 37205-3440
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2012
—
Pscd LLC
Everton Oglesby Properties
Quit Claim Deed
related
—
Dec 28, 2012
$2,600,000
Pscd LLC
Everton Oglesby Properties
Grant Deed
$1,500,000 · Regions Bank
Jun 7, 2004
—
Everton Oglesby Properties
Everton Oglesby Askew Props
Quit Claim Deed
related
—
Jan 13, 2003
$15,850
Metropolitan Government Nashvi
Everton Oglesby Askew Properti
Grant Deed
related
—
—
—
Everton Oglesby Properties
—
Deed Of Trust
related
$41,790 · Pinnacle National Bank
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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