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Property profile & analytics
OFF-MARKET Estimated value $1,930,000
Strip malls

609 Merritt Ave Nashville, TN 37203-6777

9,400 SF 0.4 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-1914998
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 9,400 SF
Lot 0.4 ac (17,424 SF)
Zoning code IWD
APN 105-07-0-478-00
UPID US80-1914998
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
  • La Parisienne Home Home Decor Store Department Store
  • Reilly Townsend Design Interior Design Home Decor Store
  • Schumacher Showroom and Boutique Home Decor Store Department Store
  • iggy’s Restaurant
  • Good Days New York Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.95M
CAP Approach CAP
$2.07M
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.93M
Owner & transaction history
609 Merritt LLC · 4 yrs held
609 Merritt LLC
since 2021
Last sale
$1.9M
5 recorded transactions
2021
Price N/A
2019
$1.9M
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IWD · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

IWD, Industrial Warehousing/Distribution District. The IWD district implements those industrial policies of the general plan that provide opportunities for wholesaling, warehousing and bulk distribution uses. This district also may be used to implement major transportation policies of the general plan. By their nature, the principal uses of this district req…

Zone name Industrial Warehousing And Distribution
General category INDUSTRIAL
Zone area 6,797.29 ac
Source Zoning Ordinance
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