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Property profile

405 40th N Ave Nashville, TN 37209

OFF-MARKET
Commercial real estate
Property ID
US80-0832216
36,239 SF 1.8 ac lot Built 1952
Last sale Mar 2022 · $7,255,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Reeve, located at 405 40th Avenue N in Davidson County, offers a fantastic opportunity for retail and food & beverage businesses. This mixed-use property boasts a total of 4,931 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible, with a minimum leasable area of 1,792 square feet and a maximum contiguous space of 3,139 square feet, providing flexibility for various business needs and expansion plans. The property sits on a generous 1.8-acre…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$57k
Tax billed · 2023
Assessed value$1.76M
Assessed land$1.76M
Effective rate3.25%

Value estimate

· Oct 2026
$6.70M
$6.03M – $7.37M
AI approach$7.24M
CAP approach$6.09M
Submarket $/SF estimate$5.46M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$289/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$150 – $519
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MULTI-ZONE
JurisdictionDAVIDSON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.3
Auto Parts Store19.4
HVAC Service17.1

Location

405 40th N Ave Nashville, TN 37209-4566
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5 City, Nashville, TN 37209-2690 $11,700,000 Oct 2021 358,379 SF
26th N, Nashville, TN 37209 $125,000 Aug 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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