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Property profile & analytics
FOR LEASE
Office buildings
501 Great Circle Rd Nashville, TN 37228
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0096531
For Lease
1 / 11
$15,905,000
501 Great Circle Rd, Nashville, TN 37228
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
71,916 SF
Lot
6.22 ac (270,943 SF)
Zoning code
IWD
APN
070-11-0-002-00
UPID
US80-0096531
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
-
Dr. Matthew Garner Physician
-
JumpCrew Advertising Agency Marketing & Advertising
-
Inspired Wall Photography Art Gallery
-
MyBaseGuide Marketing & Advertising Advertising Agency
-
Aegis Sciences Corporation Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.91M
Owner & transaction history
Mtp 501 Great Circle LLC · 4 yrs held
Mtp 501 Great Circle LLC
since 2021
Last sale
$18.0M
6 recorded transactions
Zoning & alternative use
IWD · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.1M
+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
$12,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,010,000
6.5%
$14,775,000
7%
$13,720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,000,000
Current use
MEDICAL BUILDING
$25,095,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$20,820,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,690,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$15.91M
Range $14.31M – $17.50M · ±10% · vs last sale $18.00M (Nov 30 2021)
Last sale anchor
$18.00M
Nov 30 2021
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
$221 / 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
$178,695
Tax year 2023
Assessed value
$5,491,538
Assessed 2023
Previous assessed
$10,822,680
-49.3% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,300,520
Assessed improvement
$4,191,018
Land market value
$3,251,300
Improvement market value
$10,477,546
Total market value
$13,728,846
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Year built
1985
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
71,916 SF
Lot
6.22 ac (270,943 SF)
Zoning code
IWD
APN
070-11-0-002-00
UPID
US80-0096531
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Nashville, TN
Zoning IWD · permitted uses
IWD · 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
$21.0M
MEDICAL BUILDING
Est. value
$25.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.7M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
6.22 ac
Current owner
From public records · entity-resolved
Mtp 501 Great Circle LLC
Entity
Mailing address
130 W 42ND ST FL, NEW YORK, NY 10036-7804
Ownership since
2021
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
Nov 30, 2021
—
Mtp 501 Great Circle LLC
501 Great Circle Propco LLC
Quit Claim Deed
related
$23,400,000 · Oceanview Commercial Mortgage Finan
Aug 7, 2020
—
501 Great Circle Propco LLC
Lccm 2020-fl3 Cre Trust
Quit Claim Deed
related
$19,230,114 · Reliant Bk
Jul 26, 2019
$18,000,000
501 Great Circle Propco LLC
Ebon Falcon LLC
Trustees Deed
$19,600,000 · Ladder Cap Fin
May 5, 2006
$5,550,000
Embassy Square LLC
Northwestern Mutual Life Ins C
Grant Deed
$700,000 · Ncc Holdings LLC
—
—
Embassy Square LLC
—
Deed Of Trust
related
$4,800,000 · Ncb Savings Bank
—
—
Ebon Falcon LLC
—
Loan Modification
related
$12,000,000 · J P Morgan Chase Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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