Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Stewarts Fry Pike Nashville, TN 37214-3902
    Back to Search
    Property profile & analytics

    600 Stewarts Fry Pike, Nashville, TN 37214-3902

    View on Map
    • High-rise multifamily apartments
    • 56,979 SF
    • 18.63 lot acres
    Off-Market
    Last Sale Jan 11, 2024
    $18,250,000
    Property ID
    US80-0784581
    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
    $18,250,000
    Show details
    Cap Rate Potential
    3.6%
    High-rise multifamily apartments
    Location Intelligence

    Current Use by Public Records

    • The Percy / Real Estate Agency

    Property Details for 600 Stewarts Fry Pike

    Lot size
    18.63 lot acres
    Zone code
    MULTI-ZONE
    Property type
    High-rise multifamily apartments
    APN
    096-00-0-054-00
    APU
    9600005400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 29, 2023 $2,145,332 Vcp Nashville Pcb LLC Vcp Nashville LLC Quit Claim Deed · related —
    Jun 30, 2021 $1,557,380 Vcp Nauset Nashville LLC Vcp Nashville LLC Quit Claim Deed · related $36.2M · Synovus Bank
    Jun 24, 2021 — Vcp Nashville LLC Vcp Donelson LLC Intrafamily Transfer · related —
    Jun 23, 2020 — Vcp Donelson LLC Commerce Center Tn Land LP Quit Claim Deed · related —
    Jun 23, 2020 $5,500,000 Vcp Donelson LLC Commerce Center Tn Land LP Quit Claim Deed · related —
    Apr 24, 2006 $18,250,000 Commerce Center Tn Tower Valley Forge Life Insurance Grant Deed —
    Apr 24, 2006 $250,000 Commerce Center Tn Land Commerce Center Tn Tower Quit Claim Deed · related —
    May 5, 2004 — Valley Forge Life Insurance Co Continental Assurance Co Quit Claim Deed · related —
    — — Vcp Nashville LLC — Deed Of Trust · related $2.8M · Synovus Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,250,000
      ML approach
      $18,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,845,000
      Market price range: $2.61M - $22.8M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $14,015,000
      Current use
      COMMERCIAL (GENERAL)
      $28,600,000
      Change: +104% Conversion: Moderate
      RESTAURANT
      $28,130,000
      Change: +101% Conversion: Difficult
      RETAIL STORES
      $26,350,000
      Change: +88% Conversion: Difficult
      MEDICAL BUILDING
      $19,885,000
      Change: +42% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $16,495,000
      Change: +18% Conversion: Difficult
      WAREHOUSE, STORAGE
      $13,430,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6347
    Latitude
    36.1559
    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
    $367,137
    $1,717,200
    $9,565,440
    $11,282,640
    -
    $4,293,000
    $23,913,600
    $28,206,600

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      2505 Merry Oaks Dr

      Multifamily properties
      2505 Merry Oaks Dr, Nashville, TN 37214
      View Details
    • Value Estimation by Request
      9,600 SF

      937 Allen Rd

      Churches & religious facilities
      937 Allen Rd, Nashville, TN 37214
      View Details
    • Value Estimation by Request
      3.75 Acres

      610-713 Ermac Dr

      Land
      610-713 Ermac Dr, Nashville, TN 37214
      View Details
    • Value Estimation by Request
      5.08 Acres

      Lakeland Dr

      Land
      0 Lakeland Dr, Nashville, TN 37214
      View Details
    • Value Estimation by Request
      0.26 Acres

      Pennington Bend Rd

      Land
      0 Pennington Bend Rd, Nashville, TN 37214
      View Details
    • Value Estimation by Request
      0.01 Acres

      596 Donelson Pike

      VACANT COMMERCIAL LAND
      596 Donelson Pike, Nashville, TN 37214-3731
      View Details

    Similar Nearby for Sale

    • $15,375,000

      Renovated Multifamily Community in Nashville

      Newly renovated 123-unit multifamily community in Nashville, Tennessee.
      2425 Atrium Way, Nashville, TN 37214
      View Details
    • $299,000

      Commercial Lot for Diverse Development

      Commercial lot suitable for retail, office, or short-term rental.
      3404 Percy Priest Dr, Nashville, TN 37214
      View Details
    • $1,490,000

      Riverfront Retreat with Two Homes

      2.79-acre property with 450' Stones River frontage and two homes.
      414 Munn Rd, Nashville, TN 37214
      View Details
    • $705,000
      1,669 SF

      Donelson Commercial Space Opportunity

      1669 sq ft commercial building in thriving Nashville business corridor.
      2898 Elm Hill Pike, Nashville, TN 37214
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      8,903 SF

      Office and Warehouse Space Available

      Multiple space options with office and warehouse components for rent.
      2525 Perimeter Place Dr, Nashville, TN 37214
      View Details
    • Contact for pricing
      2,000 SF

      Office Space Near Briley Pkwy

      Office space for rent with convenient access to major routes.
      2601 Elm Hill Pike, Nashville, TN 37214
      View Details
    • Contact for pricing
      2,201 SF

      Retail/Office Space Near Interstate 40

      Highly visible retail or office space near restaurants and shops.
      139 Donelson Pike, Nashville, TN 37214
      View Details
    • Contact for pricing
      2,124 SF

      Retail Space in Vibrant Nashville

      Retail space available in expanding Jackson Downs Shopping Center.
      3131-3171 Lebanon Pike, Nashville, TN 37214
      View Details
    • Contact for pricing
      1,270 SF

      Office Space Available For Rent

      Office space available for rent at 2900 Lebanon Pike.
      2900 Lebanon Pike, Nashville, TN 37214
      View Details
    • Contact for pricing
      6,952 SF

      Class A Office Space Available

      Class A office space with excellent access and ample parking.
      1 Bridgestone Park, Nashville, TN 37214
      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.
    600 Stewarts Fry Pike
    Nashville, TN 37214-3902
    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
    600 Stewarts Fry Pike, Nashville, TN, 37214
    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!