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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Strip malls
515 4th S Ave Nashville, TN 37210-2017
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-1142071
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1948
Total area
5,186 SF
Lot
0.25 ac (10,890 SF)
Zoning code
DTC
APN
093-10-0-360-00
UPID
US80-1142071
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
-
McLeod & Company Consultant
-
The Law Office of Mark King, PLLC Law Firm
-
Gospel Music Radio Network Radio Station Telecommunications Service
-
SoBro Biz Center Coworking & Hybrid Office
-
Calderon Human Resource Ideal Staffing LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$860k
Owner & transaction history
515 4th Ave S LLC · 9 yrs held
515 4th Ave S LLC
since 2016
6 recorded transactions
Zoning & alternative use
DTC · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,275,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$166 / 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
$26,637
Tax year 2023
Assessed value
$787,280
Assessed 2023
Previous assessed
$787,280
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$707,200
Assessed improvement
$80,080
Land market value
$1,768,000
Improvement market value
$200,200
Total market value
$1,968,200
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
1948
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,186 SF
Lot
0.25 ac (10,890 SF)
Zoning code
DTC
APN
093-10-0-360-00
UPID
US80-1142071
Jurisdiction
DAVIDSON
Zoning & alternative use
DTC · Nashville, TN
Zoning DTC · permitted uses
DTC · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
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
1948
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
515 4th Ave S LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3835 CLEGHORN AVE STE #250, NASHVILLE, TN 37215-2578
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jul 26, 2016
—
515 4th Ave S LLC
Ranger II LLC
Quit Claim Deed
related
—
Apr 1, 2015
—
Ranger II LLC
Gilmore Family LP
Quit Claim Deed
related
—
Apr 1, 2015
$7,500,000
Ranger II LLC
Gilmore Family LP
Grant Deed
—
Oct 31, 2005
—
Gilmore Family
Gilmore,van
Quit Claim Deed
related
$2,000,000 · Civic Bank & Trust
Jan 19, 2005
—
Gilmore Family
Gilmore,van
Quit Claim Deed
related
—
—
—
Gilmore Family LP
—
Deed Of Trust
related
$850,000 · Civic Bank & Trust
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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