New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Strip malls
407 Murfreesboro Pike Nashville, TN 37210-2821
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1570965
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Total area
8,564 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CS
APN
106-01-0-109-00
UPID
US80-1570965
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
-
Carol Ann's Mobile Bar Take-out & Catering Catering Service
-
Carol Ann’s Restaurant
-
ATM Machine at Luxury Express ATM's LLC Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
John H Otey JR. · 6 yrs held
John H Otey JR.
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+24.4%
Medical building
$3.0M
+20.5%
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
$2,050,000
ML approach
$2,260,000
CAP Approach
CAP Return
Estimation
6%
$2,040,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,480,000
Current use
OFFICE BUILDING
$3,085,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$2,990,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,105,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10% · vs last sale $1.90M (Feb 18 2020)
Last sale anchor
$1.90M
Feb 18 2020
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
$226 / 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
$10,197
Tax year 2023
Assessed value
$313,360
Assessed 2023
Previous assessed
$313,360
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$125,440
Assessed improvement
$187,920
Land market value
$313,600
Improvement market value
$469,800
Total market value
$783,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,564 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CS
APN
106-01-0-109-00
UPID
US80-1570965
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · 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
$2.5M
OFFICE BUILDING
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
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
1962
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
John H Otey JR.
Individual
Mailing address
2701 JEFFERSON ST, NASHVILLE, TN 37208-2865
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$1,900,000
John H Otey JR.
Farrah D Young
Grant Deed
$1,300,000 · Farrah D Young
Dec 12, 2019
—
Farrah D Young
—
Deed
related
$133,751 · John H JR Otey
Jul 12, 2019
—
Farrah D Young
—
Deed
related
$111,100 · John H JR Otey
Nov 3, 2016
—
Farrah D Young
Jenkins,carol
Quit Claim Deed
related
—
Sep 23, 2015
$395,000
Carol Jenkins
Bayview Ln Svcg LLC
Grant Deed
—
Nov 20, 2014
$340,000
Bayview Ln Svcg LLC
Jones J Phillip|jenkins,carol A
Trustees Deed
related
—
Dec 4, 2006
$523,950
Carol Jenkins
The Corenswet Family Trust
Warranty Deed
$78,593 · Bayview Exchange Services LLC
Apr 2, 1998
$315,000
Corenswet Trust
Tays,keith
Grant Deed
—
Sep 23, 1997
$250,000
Keith Tays
—
Grant Deed
related
—
May 16, 1994
$165,000
Lucille Kerr Mary
Unknown,
Grant Deed
$136,015 · Sioda N Greer
May 13, 1994
$225,000
Mary Lucille Kerr
Unknown,
Grant Deed
—
Apr 15, 1992
$165,000
Concept 2000 INC
Unknown
Grant Deed
—
—
—
Farrah D Young
—
Deed Of Trust
related
$111,100 · John H JR Otey
—
—
Farrah D Young
—
Loan Modification
related
$133,751 · John H JR Otey
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 407 Murfreesboro Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
