Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    817 Fesslers Pkwy Nashville, TN 37210-2902

    • Medical offices
    • 7,680 SF
    • 1.02 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2020
    $1,650,000
    Value Estimations
    $1,850,000
    Show details
    Cap Rate Potential
    3.6%
    Medical offices
    Location Intelligence
    Property ID
    US80-1615126
    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.

    Current Use by Public Records

    • United Power Services / Laboratory / Government

    Property Details for 817 Fesslers Pkwy

    Year built
    1989
    Lot size
    1.02 lot acres
    Property size
    7,680 SF
    Zone code
    IWD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    106-01-0-158-00
    APU
    10601015800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,235,000
      ML approach
      $2,255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,355,000
      6.5%
      $1,250,000
      7%
      $1,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,060,000
      Market price range: $1.45M - $3.64M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,680,000
      Current use
      OFFICE BUILDING
      $2,765,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,225,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7426
    Latitude
    36.1478
    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
    $21,354
    $91,800
    $564,440
    $656,240
    -
    $229,500
    $1,411,100
    $1,640,600

    Comparable in this City

    • Value Estimation
      $1,630,000
      6,687 SF

      103 Charles E Davis Blvd

      MEDICAL BUILDING • 6,687 SF
      103 Charles E Davis Blvd, Nashville, TN 37210
      View Details
    • Value Estimation
      $9,045,000
      37,150 SF

      600 Hl Ave

      MEDICAL BUILDING • 37,150 SF
      600 Hl Ave, Nashville, TN 37210-4754
      View Details
    • Value Estimation by Request
      3,773 SF

      310 Rose St

      HOMES (RETIRED, NURSING) • 3,773 SF
      310 Rose St, Nashville, TN 37210-4999
      View Details
    • Value Estimation
      $1,280,000
      81,151 SF

      329 Murfreesboro Pike

      HOMES (RETIRED, NURSING) • 81,151 SF
      329 Murfreesboro Pike, Nashville, TN 37210-2834
      View Details
    • Value Estimation
      $1,715,000
      148,521 SF

      1427 Lebanon Pike

      HOMES (RETIRED, NURSING) • 148,521 SF
      1427 Lebanon Pike, Nashville, TN 37210-3100
      View Details
    • Value Estimation by Request
      16,055 SF

      1234 3rd S Ave

      HOMES (RETIRED, NURSING) • 16,055 SF
      1234 3rd S Ave, Nashville, TN 37210-4104
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,940 SF

      Nashville CBD Office Space Available

      Office space in Nashville CBD with parking and branding opportunities.
      600 4Th Ave N, Nashville, TN 37210
      View Details
    • $1,100,000
      4,626 SF

      Unique Office and Light Industrial Building For Sale

      Unique Office and Light Industrial Building For Sale
      711 Hill Ave, Nashville, TN 37210
      View Details
    • Contact for pricing
      8,160 SF

      Nashville Mixed-Use Portfolio

      Downtown Nashville redevelopment opportunity.
      504 4Th Ave, Nashville, TN 37210
      View Details
    • $3,825,000
      8,775 SF

      Nashville Office Building For Sale

      8,775 SF office building available in Nashville, Tennessee.
      2809 Foster Ave, Nashville, TN 37210
      View Details
    • $4,000,000
      34,261 SF

      Nashville Warehouse - $4M

      34,261 SF Warehouse, Prime Location
      1101 Polk Ave, Nashville, TN 37210
      View Details
    • $3,150,000
      2,375 SF

      Regions Bank Building: Premier Office Suites

      Class A Office Space, Multiple Suites Available
      1535 4Th Ave, Nashville, TN 37210
      View Details

    Similar Nearby for Lease

    • $288 SF/Yr
      38,099 SF

      Nashville Office Space - 9,525 SF

      Prime Nashville office, single-tenant, fully renovated.
      500 Interstate Blvd, Nashville, TN 37210
      View Details
    • $12 SF/Yr
      6,935 SF

      Nashville Office Space For Rent

      Office space for rent, easy access to interstates and airport.
      750 Massman Dr, Nashville, TN 37210
      View Details
    • Contact for pricing
      6,083 SF

      Nashville Office Building For Rent

      Office building with ample parking in Nashville, Tennessee.
      37 Peabody St, Nashville, TN 37210
      View Details
    • $2,260 /Mo
      1,750 SF

      Versatile Office and Warehouse Space

      1,750 SF office with warehouse access in Nashville.
      205 Omohundro Pl, Nashville, TN 37210
      View Details
    • Contact for pricing
      1,960 SF

      Office Space with Basement Storage

      Office space featuring private offices, conference rooms, and basement storage.
      525 4Th Ave S, Nashville, TN 37210
      View Details
    • $40 SF/Yr
      4,628 SF

      Downtown Office Space with Balcony

      Office space with private offices, conference room, and balcony.
      615 3Rd Ave S, Nashville, TN 37210
      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.
    817 Fesslers Pkwy
    Nashville, TN 37210-2902
    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

    Google sign-in failed. Please try again or use another login method.