New search
Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
444 Elmington Ave Nashville, TN 37205-5162
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US80-0522630
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
2,549 SF
Lot
10.47 ac (456,073 SF)
Zoning code
R10
APN
104-14-0-312-00
UPID
US80-0522630
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
-
The Grove Richland Apartments Apartment Building Apartment Complex
-
New Frontier Tiny Homes and Design Interior Design Home Decor Store
-
Eating Right Site Physician
-
Jefferson Engineering Company Engineer
-
Turn Around Solutions Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Nlp Richland LLC · 16 yrs held
Nlp Richland LLC
since 2009
6 recorded transactions
Zoning & alternative use
R10 · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+71.9%
Retail stores
$1.2M
+58.4%
Medical building
$890,000
+19.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$306 / 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
$737,566
Tax year 2023
Assessed value
$22,666,440
Assessed 2023
Previous assessed
$22,666,440
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$3,556,000
Assessed improvement
$19,110,440
Land market value
$8,890,000
Improvement market value
$47,776,100
Total market value
$56,666,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Buildings
10
Stories
1
Total area
2,549 SF
Lot
10.47 ac (456,073 SF)
Zoning code
R10
APN
104-14-0-312-00
UPID
US80-0522630
Jurisdiction
DAVIDSON
Zoning & alternative use
R10 · Nashville, TN
Zoning R10 · permitted uses
R10 · 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
OFFICE BUILDING Current
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$600,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1998
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
10
Lot
10.47 ac
Current owner
From public records · entity-resolved
Nlp Richland LLC
Entity
Mailing address
500 N HURSTBOURNE PKWY STE #400, LOUISVILLE, KY 40222-3302
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
—
Nlp Richland LLC
—
Grant Deed
related
$45,702,000 · Wells Fargo Bk
Dec 21, 2009
—
Nlp Richland LLC
Nts Realty Holdings Limited Partner
Quit Claim Deed
related
$27,000,000 · Holliday Fenoglio Fowler LP
Feb 6, 2006
$90,012,000
Nts Realty Holdings
Schaedle Worthington Hyde Prop
Grant Deed
—
Jun 14, 1993
$2,150,000
Hsw Associates LP
Unknown
Grant Deed
—
Nov 5, 1990
$4,620,000
Vmif Whitworth Corp
Unknown,
Grant Deed
—
—
—
Lyman T Davis JR.
—
Deed Of Trust
related
$325,000 · Leader Fsb
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 444 Elmington Ave?
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.
