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Property profile & analytics
FOR LEASE
Strip malls
709 Dickerson Pike Nashville, TN 37207
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-0119282
For Lease
1 / 2
$25 SF/Yr
709 Dickerson Pike, Nashville, TN 37207
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
3,996 SF
Lot
0.43 ac (18,731 SF)
Zoning code
MULTI-ZONE
APN
082-06-0-037-00
UPID
US80-0119282
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$433k
Blend (final)
Blend
$570k
Owner & transaction history
Azzam Asmar · 13 yrs held
Azzam Asmar
since 2012
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · 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%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$143 / 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
$8,363
Tax year 2023
Assessed value
$257,000
Assessed 2023
Previous assessed
$257,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$190,800
Assessed improvement
$66,200
Land market value
$477,000
Improvement market value
$165,500
Total market value
$642,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1961
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,996 SF
Lot
0.43 ac (18,731 SF)
Zoning code
MULTI-ZONE
APN
082-06-0-037-00
UPID
US80-0119282
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Azzam Asmar
Individual
Mailing address
1649 RACHEL WAY, OLD HICKORY, TN 37138-1985
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Aug 14, 2012
$56,000
Azzam Asmar
Bayview Ln Svcg LLC
Grant Deed
—
Jun 5, 2012
$77,500
Bayview Loan Servicing LLC
Jones,j Phillip
Trustees Deed
related
—
Mar 24, 2011
—
Hamid Abdullah
Armstrong,james
Quit Claim Deed
related
—
Dec 8, 2003
$157,580
James D Armstrong
Winchester,john L
Grant Deed
$151,579 · John T Gwin
May 31, 2000
—
Cjs Pawn & Jewelry LLC
Winchester,john L
Quit Claim Deed
related
—
Mar 24, 1995
$105,000
Cj's Pawn
Cj's,pawn & Jewe
Grant Deed
related
$102,000 · Ray Massa
Mar 22, 1995
$105,000
Cj's,pawn & Jewelry LLC
—
Grant Deed
related
—
Dec 22, 1992
$130,000
Boniface Okpaleke
Unknown
Grant Deed
—
—
—
James Armstrong
—
Deed Of Trust
related
$175,000 · United Fin'l Trading Group LLC
—
—
Cjs Pawn & Jewelry LLC
—
Deed Of Trust
related
$129,000 · Bank Of Nashville
—
—
Azzam Al-asmar
—
Deed Of Trust
related
$63,000 · Wilson Bk&tr
—
—
John Winchester
—
Deed Of Trust
related
$152,821 · Bank Of Nashville
—
—
James D Armstrong
—
Deed Of Trust
related
$144,500 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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