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Property profile & analytics
FOR LEASE
Office buildings
604 Gallatin Ave Nashville, TN 37206
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-0285633
For Lease
1 / 2
$28 SF/Yr
604 Gallatin Ave, Nashville, TN 37206
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
68,425 SF
Lot
1.41 ac (61,420 SF)
Zoning code
MUG-A
APN
083-05-0-129-00
UPID
US80-0285633
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
-
Metro Epoxy General Contractor Renovation Specialist
-
Selfie Scene (Bike/Boat/Book/etc) Store Photography Service
-
Closing Commander (Bike/Boat/Book/etc) Store Corporate Office
-
Smokers Abbey (Bike/Boat/Book/etc) Store
-
80/20 Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.05M
Blend (final)
Blend
$6.52M
Owner & transaction history
Carter M Dawson · 12 yrs held
Carter M Dawson
since 2013
7 recorded transactions
Zoning & alternative use
MUG-A · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.52M
Range $5.86M – $7.17M · ±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
$95 / 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
$81,025
Tax year 2023
Assessed value
$2,490,000
Assessed 2023
Previous assessed
$2,490,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,231,200
Assessed improvement
$1,258,800
Land market value
$3,078,000
Improvement market value
$3,147,000
Total market value
$6,225,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1977
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
68,425 SF
Lot
1.41 ac (61,420 SF)
Zoning code
MUG-A
APN
083-05-0-129-00
UPID
US80-0285633
Jurisdiction
DAVIDSON
Zoning & alternative use
MUG-A · Nashville, TN
Zoning MUG-A · permitted uses
MUG-A · 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
1977
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Carter M Dawson
Individual
Mailing address
511 PARK HL DR, NASHVILLE, TN 37205-3344
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
—
Mojtaba Rabiel
—
Deed
related
$500,000 · Macon Bank & Trust Company
Dec 23, 2020
—
Carter M Dawson
—
Deed
related
$3,500 · Servisfirst Bk
Sep 24, 2019
—
Christopher C Dawson
—
Deed
related
$2,903,009 · Pinnacle Bk
Aug 6, 2013
$3,537,500
Carter M Dawson
Stevenson Trust 8
Grant Deed
$2,500,000 · Pinnacle Bank
Sep 7, 2010
—
Stevenson Trust No 8
Stevens,j E
Quit Claim Deed
related
—
Jan 30, 2008
—
J E Stevenson
—
Trustees Deed
related
$1,000,000 · Green Bank
Jan 6, 2005
—
J E Stevenson
Stevenson,m K
Quit Claim Deed
related
—
Jan 4, 2000
$932,400
Stevenson J E
Miller Medical Group PC
Grant Deed
—
Aug 30, 1990
$2,470,000
Edgefield Healthcare Ltd Partner
Unknown
Grant Deed
—
—
—
J E Stevenson
—
Deed Of Trust
related
$2,205,000 · Tennessee Commerce Bank
—
—
Christopher C Dawson
—
Loan Modification
related
$2,903,009 · Pinnacle Bk
—
—
Carter M Dawson
—
Deed Of Trust
related
$2,800,000 · Avenue Bk
—
—
Carter M Dawson
—
Deed Of Trust
related
$3,500 · Servisfirst Bk
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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