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

    4709 Nolensville Pike Nashville, TN 37211-5407

    • Drug stores
    • 10,962 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1757551
    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

    • SunTrust ATM / Atm / Insurance Agency

    Property Details for 4709 Nolensville Pike

    Year built
    1996
    Lot size
    1.17 lot acres
    Property size
    10,962 SF
    Zone code
    CL
    Property type
    Drug stores
    APN
    147-12-0-055-00
    APU
    14712005500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,685,000
      6.5%
      $1,555,000
      7%
      $1,445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,303,000
      Market price range: $409k - $2.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7194
    Latitude
    36.0677
    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
    $48,062
    $265,000
    $1,212,000
    $1,477,000
    -
    $662,500
    $3,030,000
    $3,692,500

    Comparable in this City

    • Value Estimation
      $1,400,000
      14,052 SF

      5555 Edmondson Pike

      DRUG STORE, PHARMACY • 14,052 SF
      5555 Edmondson Pike, Nashville, TN 37211-5808
      View Details
    • Value Estimation
      $2,140,000
      15,898 SF

      4201 Nolensville Pike

      DRUG STORE, PHARMACY • 15,898 SF
      4201 Nolensville Pike, Nashville, TN 37211-4716
      View Details
    • Value Estimation
      $1,740,000
      16,333 SF

      735 Harding Pl

      DRUG STORE, PHARMACY • 16,333 SF
      735 Harding Pl, Nashville, TN 37211-4357
      View Details
    • Value Estimation
      $1,685,000
      12,184 SF

      2819 Nolensville Pike

      DRUG STORE, PHARMACY • 12,184 SF
      2819 Nolensville Pike, Nashville, TN 37211-2220
      View Details
    • Value Estimation
      $1,950,000
      14,982 SF

      5429 Nolensville Pike

      DRUG STORE, PHARMACY • 14,982 SF
      5429 Nolensville Pike, Nashville, TN 37211-6417
      View Details
    • Value Estimation
      $5,615,000
      41,175 SF

      5531 Edmondson Pike

      GROCERY, SUPERMARKET • 41,175 SF
      5531 Edmondson Pike, Nashville, TN 37211-5808
      View Details

    Similar Nearby for Sale

    • $817,000
      874 SF

      Prime Opportunity in Nashville’s Thriving Market

      Prime Opportunity in Nashville’s Thriving Market
      94 Thompson Ln, Nashville, TN 37211
      View Details
    • Contact for pricing
      3,820 SF

      Retail Space with High Visibility

      Renovated retail space with ample parking and excellent visibility.
      620 Brentwood East Dr, Nashville, TN 37211
      View Details
    • $1,950,000
      3,648 SF

      Versatile Industrial Space Near Downtown

      3,648 SF industrial property in Nashville's growing commercial corridor.
      2612 Grandview Ave, Nashville, TN 37211
      View Details
    • $10,677,000
      32,900 SF

      Retail Shops at Plaza Mariachi

      32,900 SF retail shops near Plaza Mariachi for sale.
      3943-3961 Nolensville Pike, Nashville, TN 37211
      View Details
    • $1,190,000
      2,500 SF

      Nashville Retail Space - High Traffic Area

      NNN Lease, Strong Traffic, I-65/I-24 Access
      5714b Edmondson Pike, Nashville, TN 37211
      View Details
    • $739,900

      Renovated Plaza Near Nashville Zoo

      Freestanding plaza with multiple income streams near Nashville Zoo.
      408 Elysian Fields Rd, Nashville, TN 37211
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      2,400 SF

      Retail Pad Site For Lease

      2,400 SF retail pad site available for ground lease.
      5771 Nolensville Pike, Nashville, TN 37211
      View Details
    • Contact for pricing
      13,500 SF

      Retail Space on Nolensville Pike

      13,500 SF retail building on 2.72-acre outparcel.
      5429 Nolensville Pike, Nashville, TN 37211
      View Details
    • Contact for pricing
      1,520 SF

      Nashville Retail/Flex Space Available

      Open space with good access to Nashville and Williamson County.
      5714 Edmondson Pike, Nashville, TN 37211
      View Details
    • $17 SF/Yr
      1,920 SF

      Versatile Space in Allied Business Park

      Flex/retail space in central location with showroom and offices.
      478 Allied Dr, Nashville, TN 37211
      View Details
    • $3 SF/Yr
      1,400 SF

      +1,400 SQF a Commercial Metal Building with a Separate Office in the Heart of Nashville

      +1,400 SQF a Commercial Metal Building with a Separate Office in the Heart of Nashville
      3316B Nolensville Pike, Nashville, TN 37211
      View Details
    • Contact for pricing
      3,827 SF

      Versatile Space in Nashville Available

      Adaptable space suitable for office, retail, or warehouse uses.
      2522 Grandview Ave, Nashville, TN 37211
      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.
    4709 Nolensville Pike
    Nashville, TN 37211-5407
    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.