Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    605 8Th Ave South Nashville, TN 37203
    Property profile & analytics

    605 8Th Ave South Nashville, TN 37203

    View on Map
    • Turn key restaurants
    • 4,864 SF
    • 0.16 lot acres
    For Sale
    $980,000
    View Listing →
    Prime Development Land in Gulch For Sale
    $980,000
    20,474 SF

    Prime Development Land in Gulch

    0.47 acres of development land in Nashville's Gulch South.

    605, 615, 617 8th Avenue South, Nashville, TN 37203
    View Listing
    Property ID
    US80-1324089
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arnold's Country Kitchen / Restaurant
    • Fred's Auto Transport / Trucking Company

    Property Details for 605 8Th Ave South

    Year built
    1969
    Lot size
    0.16 lot acres
    Property size
    4,864 SF
    Zone code
    MULTI-ZONE
    Property type
    Turn key restaurants
    APN
    093-14-0-035-00
    APU
    9314003500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,005,000
      ML approach
      $1,075,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7796
    Latitude
    36.1514
    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
    $28,090
    $766,720
    $68,760
    $835,480
    -
    $1,916,800
    $171,900
    $2,088,700

    Comparable in this City

    • Value Estimation
      $850,000
      7,635 SF

      903 Gleaves St

      RESTAURANT • 7,635 SF
      903 Gleaves St, Nashville, TN 37203-4112
      View Details
    • Value Estimation
      $1,025,000
      9,304 SF

      1901 Broadway

      RESTAURANT • 9,304 SF
      1901 Broadway, Nashville, TN 37203-2713
      View Details
    • Value Estimation
      $7,435,000
      4,140 SF

      611 9th S Ave

      RESTAURANT • 4,140 SF
      611 9th S Ave, Nashville, TN 37203-4106
      View Details
    • Value Estimation
      $4,765,000
      7,210 SF

      1921 Broadway

      RESTAURANT • 7,210 SF
      1921 Broadway, Nashville, TN 37203-2719
      View Details
    • Value Estimation
      $995,000
      9,326 SF

      818 Palmer Pl

      RESTAURANT • 9,326 SF
      818 Palmer Pl, Nashville, TN 37203-4133
      View Details
    • Value Estimation
      $2,800,000
      4,000 SF

      1722 End Ave

      RESTAURANT • 4,000 SF
      1722 End Ave, Nashville, TN 37203-2602
      View Details

    Similar Nearby for Sale

    • $3,599,999
      6,506 SF

      Midtown Corner Lot Opportunity

      Restored historic building in Nashville's Midtown district.
      311 22Nd Ave N, Nashville, TN 37203
      View Details
    • $6,500,000
      9,961 SF

      Discover Southern Ground, a Legendary Landmark in the Heart of Nashville's Historic Music Row

      Discover Southern Ground, a Legendary Landmark in the Heart of Nashville's Historic Music Row
      114 17th Ave S, Nashville, TN 37203
      View Details
    • $3,500,000
      3,519 SF

      Historic Brick Property For Sale

      Restored historic brick property with multiple spaces and downtown views.
      1314 Jo Johnston Ave, Nashville, TN 37203
      View Details
    • $4,900,000
      5,400 SF

      A Rare Opportunity to Own a Commercial Retail Building

      A Rare Opportunity to Own a Commercial Retail Building
      1811 Division St, Nashville, TN 37203
      View Details
    • $945,000
      884 SF

      Wedgewood-Houston Live/Work Corner Unit

      Loft-style condo in dynamic district, ideal for living/working.
      1250 Martin St, Nashville, TN 37203
      View Details
    • $6,000,000
      9,120 SF

      Downtown Nashville Warehouse Redevelopment Potential

      Two-story commercial warehouse near Broadway, ideal for redevelopment.
      608 Ash St, Nashville, TN 37203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building Nashville

      15-story Class A office building with retail and restaurant space.
      827 19Th Ave S, Nashville, TN 37203
      View Details
    • Contact for pricing
      5,394 SF

      Wedgewood Houston Retail Opportunity

      Adaptive reuse property in a high-traffic culinary and cultural district.
      429 Houston St, Nashville, TN 37203
      View Details
    • Contact for pricing

      Prime Corner Retail/Office Space

      Located on high-traffic Church Street near Vanderbilt University.
      1900 Church St, Nashville, TN 37203
      View Details
    • Contact for pricing

      Mixed-Use Space in Gulch Neighborhood

      Mixed-use space in Nashville's Gulch neighborhood.
      1212 Mcgavock St, Nashville, TN 37203
      View Details
    • Contact for pricing

      Commercial Kitchens for Rent

      Private commercial kitchens suitable for catering and food preparation.
      614 18Th Ave N, Nashville, TN 37203
      View Details
    • Contact for pricing

      Retail Space at Marriott SoBro

      2,077 SF ground floor retail space in Nashville available.
      410 Rep. John Lewis Way S, Nashville, TN 37203
      View Details
    View Listing
    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.
    605 8Th Ave South
    Nashville, TN 37203
    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
    605 8Th Ave South, Nashville, TN, 37203
    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!