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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Bars & Pubs
422 Broadway, Nashville, TN 37203-3931
Entity Owned
18-yr Hold
Free & Clear
Property ID
US80-0244442
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1860
Total area
10,098 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MULTI-ZONE
APN
093-06-3-073-00
UPID
US80-0244442
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
-
Tootsie's Nightclub DJ & Entertainment
-
Tootsies Orchid Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Tootsies Entertainment LLC · 18 yrs held
Tootsies Entertainment LLC
since 2007
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$122 / 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
$47,695
Tax year 2023
Assessed value
$1,409,680
Assessed 2023
Previous assessed
$1,409,680
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$676,000
Assessed improvement
$733,680
Land market value
$1,690,000
Improvement market value
$1,834,200
Total market value
$3,524,200
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1860
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
10,098 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MULTI-ZONE
APN
093-06-3-073-00
UPID
US80-0244442
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.
Building & site characteristics
From public records
Year built
1860
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Tootsies Entertainment LLC
Entity
Free & Clear · 18 yrs held
Mailing address
5484 LICKTON PIKE, GOODLETTSVILLE, TN 37072-9133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2020
—
Tootsies Entertainment LLC
—
Deed
related
$4,200,000 · Reliant Bk
Apr 12, 2017
—
Tootsie S Enterinment LLC
—
Deed
related
$4,000,000 · Franklin Synergy Bank
Aug 27, 2007
—
Tootsies Entertainment LLC
Smith,timothy S
Quit Claim Deed
related
—
Jul 17, 2003
$700,000
Timothy S Smith
Silverfield,inez
Grant Deed
$700,000 · R E Davison Trustee
Nov 16, 2001
$250,000
Timothy S Smith
Jacobs,sheldon
Quit Claim Deed
related
$496,168 · Sheldon Jacobs
Feb 13, 1996
$125,000
Ruble Sanderson
—
Grant Deed
related
—
—
—
Timothy S Smith
—
Deed Of Trust
related
$640,000 · Cumberland Bank
—
—
Tootsies Entertainment LLC
—
Deed Of Trust
related
$4,200,000 · Reliant Bk
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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