Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    444 Elmington Ave Nashville, TN 37205-5162

    • Office buildings
    • 2,549 SF
    • 10.47 lot acres
    OFF-MARKET
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0522630
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Grove Richland Apartments / Apartment Building / Apartment Complex
    • New Frontier Tiny Homes and Design / Interior Designer
    • Eating Right Site / Nutritionist
    • Jefferson Engineering Company / Engineer
    • Turn Around Solutions / Computer Service

    Property Details for 444 Elmington Ave

    Year built
    1998
    Lot size
    10.47 lot acres
    Property size
    2,549 SF
    Zone code
    R10
    Property type
    Office buildings
    APN
    104-14-0-312-00
    APU
    10414031200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $745,000
      Current use
      COMMERCIAL (GENERAL)
      $1,280,000
      Change: +72% Conversion: Easy
      RETAIL STORES
      $1,180,000
      Change: +58% Conversion: Moderate
      MEDICAL BUILDING
      $890,000
      Change: +20% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $740,000
      Change: -1% Conversion: Difficult
      WAREHOUSE, STORAGE
      $600,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8194
    Latitude
    36.1305
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $737,566
    $3,556,000
    $19,110,440
    $22,666,440
    -
    $8,890,000
    $47,776,100
    $56,666,100

    Comparable in this City

    • Value Estimation
      $29,760,000
      173,350 SF

      104 Woodmont Blvd

      OFFICE BUILDING • 173,350 SF
      104 Woodmont Blvd, Nashville, TN 37205-2245
      View Details
    • Value Estimation
      $3,665,000
      11,988 SF

      5819 Old Harding Pike

      OFFICE BUILDING • 11,988 SF
      5819 Old Harding Pike, Nashville, TN 37205-3619
      View Details
    • Value Estimation by Request
      3,150 SF

      5703 Old Harding Pike

      OFFICE BUILDING • 3,150 SF
      5703 Old Harding Pike, Nashville, TN 37205-3605
      View Details
    • Value Estimation by Request
      7,703 SF

      107 Kenner Ave

      OFFICE BUILDING • 7,703 SF
      107 Kenner Ave, Nashville, TN 37205-2207
      View Details
    • Value Estimation
      $2,590,000
      16,554 SF

      6200 Hwy 100

      OFFICE BUILDING • 16,554 SF
      6200 Hwy 100, Nashville, TN 37205-4250
      View Details
    • Value Estimation by Request
      1,210 SF

      85 White Brg Pike Ste, Unit 301

      OFFICE BUILDING • 1,210 SF
      85 White Brg Pike Ste, Nashville, TN 37205-1564
      View Details

    Similar Nearby for Sale

    • $1,850,000

      Residential Lot in Belle Meade

      1.02 acre lot for building a custom home.
      416 Lynnwood Blvd, Nashville, TN 37205
      View Details
    • $3,312,000
      2,561 SF

      Exclusive Nashville Condominium Residence

      Spacious condominium with luxury finishes and resort-style amenities.
      110 Woodmont Blvd, Nashville, TN 37205
      View Details
    • $415,000
      1,424 SF

      Belle Meade Condo with Greenway Access

      Street-level condo in gated community near Richland Greenway and Sylvan Park.
      4487 Post Pl, Nashville, TN 37205
      View Details
    • $599,000
      2,024 SF

      West End Home with Updates

      Updated home in convenient location with community amenities.
      401 Bowling Ave, Nashville, TN 37205
      View Details
    • $939,999

      Residential Land in Desirable Neighborhood

      Land opportunity in a desirable Nashville neighborhood, sold as is.
      4002 Woodmont Blvd, Nashville, TN 37205
      View Details
    • $3,646,000
      2,463 SF

      Exclusive Nashville Condominium Residence

      Spacious condominium with resort-style amenities and private garden access.
      120 Woodmont Blvd, Nashville, TN 37205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,707 SF

      Class A Office Space

      Highly visible office space near amenities and greenway.
      4400 Harding Pike, Nashville, TN 37205
      View Details
    • $29 SF/Yr
      1,447 SF

      Office Space Near Key Locations

      Office space strategically located near major Nashville hubs.
      5701 Old Harding Pike, Nashville, TN 37205
      View Details
    • Contact for pricing
      2,025 SF

      Nashville Retail Space For Rent

      Retail space for rent in Nashville, anchored by Trader Joe’s.
      40-90 White Bridge Rd, Nashville, TN 37205
      View Details
    • Contact for pricing
      33,000 SF

      Nashville Retail Space For Lease

      Retail space for lease in Nashville, anchored by Trader Joe’s.
      92 White Bridge Rd, Nashville, TN 37205
      View Details
    • Contact for pricing
      4,230 SF

      Nashville Retail Space For Rent

      Retail space available in Nashville with high visibility.
      6017-6051 Highway 100, Nashville, TN 37205
      View Details
    • Contact for pricing
      1,871 SF

      Retail Space in Affluent Nashville

      69,500 SF neighborhood center with high visibility.
      73 White Bridge Rd, Nashville, TN 37205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    444 Elmington Ave
    Nashville, TN 37205-5162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.