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Property profile & analytics
FOR LEASE
Strip malls
4101 Charlotte Ave Nashville, TN 37209
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1986692
For Lease
1 / 23
$40 SF/Yr
4101 Charlotte Ave, Nashville, TN 37209
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1950
Total area
15,045 SF
Lot
7.1 ac (309,276 SF)
Zoning code
IR
APN
091-16-0-163-00
UPID
US80-1986692
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
-
Rhythm Of The South Real Estate, LLC Real Estate Agency
-
Defy Mortgage Loan Service Bank
-
Madison Mill Inc Building Supply Hardware & Home Improvement
-
CK Campbell Group -KW Music City Real Estate Agency
-
Tract Title, LLC Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$3.26M
Owner & transaction history
R Thomas Patten · 10 yrs held
R Thomas Patten
since 2015
5 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.3M
+16.9%
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%
$3,340,000
6.5%
$3,085,000
7%
$2,865,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,490,000
Current use
MEDICAL BUILDING
$5,250,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,355,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±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
$217 / 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
$474,341
Tax year 2023
Assessed value
$14,577,160
Assessed 2023
Previous assessed
$14,577,160
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$3,117,520
Assessed improvement
$11,459,640
Land market value
$7,793,800
Improvement market value
$28,649,100
Total market value
$36,442,900
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
For Lease
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
15,045 SF
Lot
7.1 ac (309,276 SF)
Zoning code
IR
APN
091-16-0-163-00
UPID
US80-1986692
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · 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
$4.5M
MEDICAL BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
7
Lot
7.1 ac
Current owner
From public records · entity-resolved
R Thomas Patten
Individual
Free & Clear · 10 yrs held
Mailing address
4445 WILLARD AVE STE #900, CHEVY CHASE, MD 20815-3788
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jun 19, 2020
—
Sylvan Supply Owner LP
—
Deed
related
$30,000,000 · Us Bank NA
Sep 19, 2018
—
Sylvan Supply Owner LP
—
Deed
$30,000 · Fcp Sylvan Supply LP
Aug 14, 2015
—
R Thomas Patten
Associated Warehouse Props II
Quit Claim Deed
related
—
Nov 29, 1988
$1,200,000
Associated Warehouse Properties
Unknown
Grant Deed
—
—
—
Sylvan Supply Owner LP
—
Deed Of Trust
$30,000 · Fcp Sylvan Supply LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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