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Property profile & analytics
FOR SALE
Warehouses
591 N Council Ave, Gallatin, TN 37066
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-0196994
For Sale
1 / 18
$1,900,000
591 N Council Ave, Gallatin, TN 37066
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Property summary
AI-generated overview
This 29,380-square-foot warehouse in Gallatin, Tennessee, is available for sale at $2,130,000 ($72.50/SF). Built in 1950, this single-story building sits on a 3.2-acre lot and features three loading docks and a 10x13 drive-in door. Ceiling heights range from 14 to 18 feet. The property includes an office area and ample parking. The warehouse boasts two-phase electrical power. Currently, the two side yards are leased separately for $6,000 per month until February 15, 2029. The warehouse itself is vacant but can be leased for $5.50 per square foot, with taxes and insurance paid by the owner. The property is conveniently located within walking distance of the 650-acre Nexus mixed-use development and minutes from downtown Gallatin, US-31E, and Highway 109. Buyer verification of zoning for intended use is recommended. Owner financing is available, and proof of funds is required before showing.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
29,380 SF
Lot
3.2 ac (139,392 SF)
APN
083113K L 00500
UPID
US80-0196994
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
-
NaniNathi Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
591 N Council Avenue LLC · 4 yrs held
591 N Council Avenue LLC
since 2022
Last sale
$212,500
6 recorded transactions
Zoning & alternative use
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 Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin 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
—
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
$4,332
Tax year 2023
Assessed value
$141,920
Assessed 2023
Previous assessed
$141,920
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$131,120
Assessed improvement
$10,800
Land market value
$327,800
Improvement market value
$27,000
Total market value
$354,800
Applied tax rate
83.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1950
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
29,380 SF
Lot
3.2 ac (139,392 SF)
APN
083113K L 00500
UPID
US80-0196994
Jurisdiction
SUMNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
591 N Council Avenue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2216 MAPLE GRV LN, NASHVILLE, TN 37211-7022
Ownership since
2022
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
Apr 6, 2022
—
591 N Council Avenue LLC
Richard A Epperson
Quit Claim Deed
related
—
Jan 9, 2015
$212,500
Richard A|causey Timothy B Epperson
Helson,robert C
Grant Deed
—
Apr 2, 2013
$816,750
Robert C Helson
Srs INC
Warranty Deed
—
Jul 7, 2006
—
Kelly Philip Tr
Dorris,ray & Lorre
Warranty Deed
related
—
Feb 21, 1996
—
L & R Enterprises LLC
—
Deed Of Trust
related
—
Aug 30, 1990
$110,000
Ray Dorris
Unknown
Grant Deed
—
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.
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