Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    504 4Th Ave South Nashville, TN 37210

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    504 4Th Ave South Nashville, TN 37210

    View on Map
    • Office buildings
    • 8,160 SF
    • 0.61 lot acres
    For Sale
    View Listing →
    Sobro South Market Redevelopment Opportunity For Sale
    Contact for pricing
    8,160 SF

    Sobro South Market Redevelopment Opportunity

    Mixed-use redevelopment opportunity in Nashville's Sobro South Market.

    504 4th Ave South, Nashville, TN 37210
    View Listing
    Property ID
    US80-1841759
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • United Credit / Bank / Credit Union
    • Catchy Vape / (Bike/Boat/Book/etc) Store

    Property Details for 504 4Th Ave South

    Year built
    1968
    Lot size
    0.61 lot acres
    Property size
    8,160 SF
    Zone code
    MULTI-ZONE
    Property type
    Office buildings
    APN
    093-10-0-444-00
    APU
    9310044400

    Description

    This exceptional investment opportunity encompasses two properties located in Nashville's vibrant SoBro South Market district at 504 4th Ave South and 319 Peabody St, totaling 26,571 square feet (150' x 178') of fenced land. The existing structures, totaling 8,160 square feet, are a single-story, 1968-built building currently classified as Class C, with permitted Downtown Code (DTC) zoning. This presents a unique chance to redevelop a mixed-use property encompassing multifamily, office, and hospitality elements. The properties are situated in the Lafayette submarket of downtown Nashville, within Davidson County, TN, zip code 37210. The site's size and zoning offer significant potential for a variety of projects, catering to the area's growing demand for diverse commercial and residential spaces. The existing buildings, while functional, provide a blank canvas for a modern, high-impact development. This is a rare chance to acquire a substantial land parcel in a prime Nashville location, poised for significant appreciation. The property's location offers easy access to Nashville's thriving downtown core, providing convenient access to major transportation routes, amenities, and employment centers. This is an ideal opportunity for developers seeking a high-return investment in a rapidly expanding urban market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7733
    Latitude
    36.1557
    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
    $58,116
    $1,700,600
    $17,080
    $1,717,680
    -
    $4,251,500
    $42,700
    $4,294,200

    Comparable in this City

    • Value Estimation
      $9,555,000
      44,727 SF

      1520 Elm Hl Pike

      OFFICE BUILDING • 44,727 SF
      1520 Elm Hl Pike, Nashville, TN 37210-3602
      View Details
    • Value Estimation
      $5,605,000
      24,491 SF

      502 Lester Ave

      OFFICE BUILDING • 24,491 SF
      502 Lester Ave, Nashville, TN 37210-4230
      View Details
    • Value Estimation by Request
      1,008 SF

      1278 Lewis St

      OFFICE BUILDING • 1,008 SF
      1278 Lewis St, Nashville, TN 37210-3410
      View Details
    • Value Estimation
      $1,020,000
      4,464 SF

      501 Interstate S Blvd

      OFFICE BUILDING • 4,464 SF
      501 Interstate S Blvd, Nashville, TN 37210
      View Details
    • Value Estimation
      $2,150,000
      9,384 SF

      1850 Elm Hl Pike

      OFFICE BUILDING • 9,384 SF
      1850 Elm Hl Pike, Nashville, TN 37210-3710
      View Details
    • Value Estimation
      $1,610,000
      7,036 SF

      880 Visco Dr

      OFFICE BUILDING • 7,036 SF
      880 Visco Dr, Nashville, TN 37210
      View Details

    Similar Nearby for Sale

    • $1,100,000
      4,626 SF

      Office and Light Industrial Building

      Office and light industrial building in industrial area.
      711 Hill Ave, Nashville, TN 37210
      View Details
    • Contact for pricing
      8,775 SF

      Nashville Office Building For Sale

      8,775 SF office building available in Nashville, Tennessee.
      2809 Foster Ave, Nashville, TN 37210
      View Details
    • $1,100,000
      4,626 SF

      Unique Office and Light Industrial Building For Sale

      Unique Office and Light Industrial Building For Sale
      711 Hill Ave, Nashville, TN 37210
      View Details
    • Contact for pricing
      13,250 SF

      Nashville Warehouse with Office Space

      13,250 SF warehouse with 3,000 SF office near airport.
      1922 Elm Tree Dr, Nashville, TN 37210
      View Details
    • Contact for pricing
      8,160 SF

      Sobro South Market Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Nashville's Sobro South Market.
      504 4Th Ave South, Nashville, TN 37210
      View Details
    • $550,000
      1,050 SF

      Versatile Commercial Building for Sale

      Commercial building suitable for office or childcare use.
      2616 Foster Ave, Nashville, TN 37210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,083 SF

      Nashville Office Building For Rent

      Office building with ample parking in Nashville, Tennessee.
      37 Peabody St, Nashville, TN 37210
      View Details
    • Contact for pricing
      25,000 SF

      Office Space in Nashville Available

      Office spaces available for lease, ranging from 2,500 to 50,000 SF.
      1201 4Th Ave S, Nashville, TN 37210
      View Details
    • Contact for pricing
      20,000 SF

      Visible Office Building, Interstate Exposure

      20,000 SF office building with high visibility and ample parking.
      1809 Dabbs Ave, Nashville, TN 37210
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease at 1621 Ensley Blvd.
      1621 Ensley Blvd, Nashville, TN 37210
      View Details
    • Contact for pricing
      1,960 SF

      Office Space with Basement Storage

      Office space featuring private offices, conference rooms, and basement storage.
      525 4Th Ave S, Nashville, TN 37210
      View Details
    • Contact for pricing
      6,935 SF

      Nashville Office Space For Rent

      Office space for rent, easy access to interstates and airport.
      750 Massman Dr, Nashville, TN 37210
      View Details
    View Listing
    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.
    504 4Th Ave South
    Nashville, TN 37210
    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

    Thank You for Inquiry
    504 4Th Ave South, Nashville, TN, 37210
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!