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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Strip malls
818 Murfreesboro Pike Nashville, TN 37217-1175
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3035228
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Total area
12,332 SF
Lot
1.68 ac (73,181 SF)
Zoning code
IR
APN
106-00-0-110-00
UPID
US80-3035228
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
-
BJ HOT CHICKEN Restaurant
-
Carlos wireless Tech Support Center (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Viva Market Mercado Latino Grocery & Convenience Store Food Market
-
818 Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$6.00M
Owner & transaction history
North Roan LLC · 1 yrs held
North Roan LLC
since 2024
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+109.4%
Commercial (general)
$6.2M
+73.4%
Restaurant
$6.1M
+70.5%
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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,475,000
Change: +109% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,190,000
Change: +73% · Conversion: Easy
RESTAURANT
$6,090,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$5,705,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$4,305,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,600,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Sep 9 2024)
Last sale anchor
$6.00M
Sep 9 2024
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
$487 / 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
$33,842
Tax year 2023
Assessed value
$1,040,000
Assessed 2023
Previous assessed
$1,040,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$281,000
Assessed improvement
$759,000
Land market value
$702,500
Improvement market value
$1,897,500
Total market value
$2,600,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2017
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,332 SF
Lot
1.68 ac (73,181 SF)
Zoning code
IR
APN
106-00-0-110-00
UPID
US80-3035228
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · 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
AUTO REPAIR, GARAGE
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RESTAURANT
Est. value
$6.1M
RETAIL STORES
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2017
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
North Roan LLC
Entity
Mailing address
143 CREEKSTONE BLVD, FRANKLIN, TN 37064-6506
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
$6,000,000
North Roan LLC
Shaar Forero Properties INC
Special Warranty Deed
$3,500,000 · Sonata Bank
Jul 28, 2020
—
Shaar Forero Properties INC
—
Deed
related
$4,575,000 · Volunteer St Bk
Feb 12, 2018
—
Shaar Forero Properties INC
—
Deed
related
$2,791,000 · Volunteer St Bk
Jan 25, 2016
—
Shaar Forero Properties INC
Forero,alberto
Quit Claim Deed
related
—
Apr 30, 2014
$130,000
Alberto Forero
Ibrahim,hatem
Warranty Deed
—
Mar 31, 2004
$200,000
Hatem Ibrahim
Welcome Hospitality Group INC
Grant Deed
—
Jan 31, 2000
$3,400,000
Welcome Hospitality Group INC
Ram-tenn INC
Grant Deed
$2,700,000 · First Farmers & Merchants Nati
—
—
Shaar Forero Properties INC
—
Loan Modification
related
$4,575,000 · Volunteer St Bk
—
—
Shaar Forero Properties INC
—
Deed Of Trust
related
$2,791,000 · Volunteer St Bk
—
—
Hatem Ibrahim
—
Deed Of Trust
related
$215,000 · American Security Bank & Trust
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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