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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Medical Office Space
589 Stewarts Fry Pike Nashville, TN 37214-3414
Trust Owned
7-yr Hold
Free & Clear
Property ID
US80-1565236
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
8,934 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CL
APN
096-12-0-049-00
UPID
US80-1565236
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
-
Jessica Jernigan Physician
-
Moses Swauncy Pediatrician Physician
-
Signature Laser Tattoo Removal - Nashville Tattoo & Piercing Shop Skin Care Clinic
-
Debra Vann Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Shoffner,catherine M Trust · 7 yrs held
Shoffner,catherine M Trust
since 2019
4 recorded transactions
Zoning & alternative use
CL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$131 / 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
$17,549
Tax year 2023
Assessed value
$539,320
Assessed 2023
Previous assessed
$539,320
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$103,160
Assessed improvement
$436,160
Land market value
$257,900
Improvement market value
$1,090,400
Total market value
$1,348,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,934 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CL
APN
096-12-0-049-00
UPID
US80-1565236
Jurisdiction
DAVIDSON
Zoning & alternative use
CL · Nashville, TN
Zoning CL · permitted uses
CL · 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.
Building & site characteristics
From public records
Year built
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Shoffner,catherine M Trust
Trust
Free & Clear · 7 yrs held
Mailing address
7449 3RD RD, MEMPHIS, TN 38135-1954
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2019
—
Shoffner,catherine M Trust
Shoffner,catherine M
Quit Claim Deed
related
—
Oct 23, 2018
—
Shoffner,catherine M Trust
Shoffner Bobby Living Trust
Quit Claim Deed
related
—
Jan 23, 2013
—
Bobby L Shoffner
Shoffner,bobby L
Quit Claim Deed
related
—
May 4, 2011
—
Shoffner Real Estate LLC
Shoffner,bobby
Quit Claim Deed
related
—
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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