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

    521 Central Ave Nashville, TN 37211-2226

    • Office buildings
    • 17,186 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $1,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0287592
    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

    • SEIU Local 205 / Advocacy Group
    • Service Employee Local 205 / Advocacy Group

    Property Details for 521 Central Ave

    Year built
    1970
    Lot size
    1.13 lot acres
    Property size
    17,186 SF
    Zone code
    IWD
    Property type
    Office buildings
    APN
    119-09-0-290-00
    APU
    11909029000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,166,000
      Market price range: $1.86M - $6.45M

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7503
    Latitude
    36.1135
    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
    $28,713
    $315,040
    $567,360
    $882,400
    -
    $787,600
    $1,418,400
    $2,206,000

    Comparable in this City

    • Value Estimation
      $3,770,000
      13,928 SF

      549 Metroplex Dr

      OFFICE BUILDING • 13,928 SF
      549 Metroplex Dr, Nashville, TN 37211-3140
      View Details
    • Value Estimation
      $6,645,000
      45,510 SF

      658 Grassmere Park

      OFFICE BUILDING • 45,510 SF
      658 Grassmere Park, Nashville, TN 37211-3658
      View Details
    • Value Estimation by Request
      576 SF

      2130 Canady Ave

      OFFICE BUILDING • 576 SF
      2130 Canady Ave, Nashville, TN 37211-2004
      View Details
    • Value Estimation by Request
      1,560 SF

      406 Welshwood Dr

      OFFICE BUILDING • 1,560 SF
      406 Welshwood Dr, Nashville, TN 37211-4207
      View Details
    • Value Estimation
      $700,000
      2,020 SF

      1311 Antioch Pike

      OFFICE BUILDING • 2,020 SF
      1311 Antioch Pike, Nashville, TN 37211-4101
      View Details
    • Value Estimation
      $4,290,000
      36,984 SF

      3325 Perimeter Hl Dr

      OFFICE BUILDING • 36,984 SF
      3325 Perimeter Hl Dr, Nashville, TN 37211-4124
      View Details

    Similar Nearby for Sale

    • $450,000
      1,120 SF

      Turnkey Recording Studio – Double Unit Commercial Space (1,120 SF) Units A1 and A2

      Turnkey Recording Studio – Double Unit Commercial Space (1,120 SF) Units A1 and A2
      5722 Hickory Plz, Nashville, TN 37211
      View Details
    • Contact for pricing
      1,518 SF

      Free-Standing Building on Thompson Lane

      1,518 SF building on 0.26-acre lot with ample parking.
      183 Thompson Ln, Nashville, TN 37211
      View Details
    • $552,500

      Nashville Duplex with Income Potential

      Four-bedroom, three-bathroom duplex in Beverly Heights, Nashville with rental potential.
      4931 Sherman Oaks Dr, Nashville, TN 37211
      View Details
    • $440,000
      2,023 SF

      Income Producing Duplex For Sale

      Income Producing Duplex For Sale
      766 Huntington Pkwy, Nashville, TN 37211
      View Details
    • $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
    • $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

    Similar Nearby for Lease

    • $2,950 /Mo
      2,150 SF

      2nd Floor with 7 Office Spaces For Lease

      2nd Floor with 7 Office Spaces For Lease
      99 Thompson Ln, Nashville, TN 37211
      View Details
    • $23 SF/Yr
      157,752 SF

      Nashville Office Space For Rent

      157,752 square foot office space available for lease.
      648 Grassmere Park, Nashville, TN 37211
      View Details
    • Contact for pricing
      45,993 SF

      Nashville Data Center Opportunity

      Data center or office campus with ample parking available for rent.
      550 Metroplex Dr, Nashville, TN 37211
      View Details
    • $24 SF/Yr
      4,354 SF

      Nashville Medical Office Building

      Prime Medical Office Space Available
      397 Wallace Rd, Nashville, TN 37211
      View Details
    • $2,000 /Mo
      1,021 SF

      Centrally Located Office Space

      Office space with convenient access to major interstates.
      2842 Logan St, Nashville, TN 37211
      View Details
    • $20 SF/Yr
      9,944 SF

      Versatile Office Space Available

      Office space featuring private offices, open area, and conference room.
      628-634 Melrose 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.
    521 Central Ave
    Nashville, TN 37211-2226
    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.