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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Strip malls
500 Main St, Goodlettsville, TN 37072-1717
Entity Owned
~
Est. High Equity
Property ID
US80-0502859
Property summary
AI-generated overview
This exceptional, fully turnkey, free-standing building at 500 S Main St, Goodlettsville, TN 37072 offers 3,305 square feet of premium retail or office space, divisible into two units (1,583 sq ft and 1,722 sq ft). The property boasts a Class A designation, a modern design with a full glass front facade providing abundant natural light, and a column-free, completely open floor plan with 12-foot ceilings. It's ideally suited for retail, office, medical, or personal care services. The building features a fully built-out bathroom, a three-compartment sink with an above-ground grease trap, and ample water and electric outlets. Parking is ample with 35 shared spaces, including two handicap-accessible spots. The location offers excellent visibility and accessibility on Main Street, ensuring high traffic flow. Zoned CSL, this single-story building is ready for immediate occupancy. A NNN lease is available, seeking a long-term tenant (no smoke/vape shops permitted).
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
6,972 SF
Lot
1.02 ac (44,431 SF)
Zoning code
6ZZ
APN
025-08-0-079-00
UPID
US80-0502859
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
-
Cars Café Coffee Restaurant
-
Mobile Franchises Corporate Office
-
Tint World Auto Repair Shop
-
Surgery Pharmacy Services Physician
-
Cars Café Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$1.55M
Owner & transaction history
Ae Smarthomes LLC
Ae Smarthomes LLC
since 2025
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
6ZZ · Goodlettsville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+12.0%
Medical building
$2.0M
+10.7%
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 Goodlettsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodlettsville 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
$1,360,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,775,000
Current use
COMMERCIAL (GENERAL)
$1,990,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$1,965,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,570,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.70M (May 28 2025)
Last sale anchor
$1.70M
May 28 2025
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
$222 / 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
$17,288
Tax year 2023
Assessed value
$591,640
Assessed 2023
Previous assessed
$591,640
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$142,160
Assessed improvement
$449,480
Land market value
$355,400
Improvement market value
$1,123,700
Total market value
$1,479,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
3
Total area
6,972 SF
Lot
1.02 ac (44,431 SF)
Zoning code
6ZZ
APN
025-08-0-079-00
UPID
US80-0502859
Jurisdiction
DAVIDSON
Zoning & alternative use
6ZZ · Goodlettsville, TN
Zoning 6ZZ · permitted uses
6ZZ · Goodlettsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodlettsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2006
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Ae Smarthomes LLC
Entity
Mailing address
695 NASHVILLE PIKE #334, GALLATIN, TN 37066-5417
Ownership since
2025
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
Aug 28, 2025
$1,700,000
Ae Smarthomes LLC
High Five Commercial LLC
Warranty Deed
$1,360,000 · Renasant Bank
Jul 8, 2021
$1,100,000
High Five Commercial LLC
Herndon Enterprises
Special Warranty Deed
$993,750 · Bank Of Tennessee
Aug 6, 2010
$1,730,250
Herndon Ets
Goodlettsville Advance LLC
Warranty Deed
—
Jun 28, 2005
$525,000
Goodlettsville Advance LLC
First State Bank
Warranty Deed
—
Aug 21, 2000
$156,100
First State Bank
Anand,rajiv & Vinita
Grant Deed
related
—
Dec 12, 1996
$100,000
Rajiv Anand
Unknown
Grant Deed
$969,000 · Money Store Commercial Mortgag
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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