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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    824 Wren Rd Goodlettsville, TN 37072-2312

    • Medical offices
    • 2,132 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2022
    $515,000
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    6.5%
    Medical offices
    Location Intelligence
    Property ID
    US80-3545655
    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

    • Healing Place Family Medicine / Pediatrician / Physician
    • Dr. Ronald I. Mcdermott, MD / Pediatrician / Physician
    • Dr. Diane S. Mcdermott, MD / Pediatrician / Physician
    • Neuhaus Foot & Ankle / Physician

    Property Details for 824 Wren Rd

    Year built
    1962
    Lot size
    0.95 lot acres
    Property size
    2,132 SF
    Zone code
    6ZZ
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    034-01-0-030-00
    APU
    3401003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $505,000
      ML approach
      $515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $505,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $394,000
      Market price range: $114k - $475k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $600,000
      Current use
      COMMERCIAL (GENERAL)
      $610,000
      Change: +1% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodlettsville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7051
    Latitude
    36.3006
    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
    $4,534
    $74,480
    $80,680
    $155,160
    -
    $186,200
    $201,700
    $387,900

    Comparable in this City

    • Value Estimation
      $2,650,000
      17,537 SF

      740 Conference Dr

      MEDICAL BUILDING • 17,537 SF
      740 Conference Dr, Goodlettsville, TN 37072-1915
      View Details
    • Value Estimation by Request
      7,338 SF

      807 Meadowlark Ln

      MEDICAL BUILDING • 7,338 SF
      807 Meadowlark Ln, Goodlettsville, TN 37072-2307
      View Details
    • Value Estimation
      $995,000
      6,302 SF

      201 Bluebird Dr

      MEDICAL BUILDING • 6,302 SF
      201 Bluebird Dr, Goodlettsville, TN 37072-2301
      View Details
    • Value Estimation
      $1,040,000
      8,222 SF

      911 Meadowlark Ln

      MEDICAL BUILDING • 8,222 SF
      911 Meadowlark Ln, Goodlettsville, TN 37072-2309
      View Details
    • Value Estimation by Request
      1,601 SF

      525 Rivergate Pkwy Ste, Unit 1

      MEDICAL BUILDING • 1,601 SF
      525 Rivergate Pkwy Ste, Goodlettsville, TN 37072-2080
      View Details
    • Value Estimation
      $1,100,000
      6,925 SF

      314 Bluebird Dr

      MEDICAL BUILDING • 6,925 SF
      314 Bluebird Dr, Goodlettsville, TN 37072-2304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,893 SF

      Medical Office Near Rivergate Mall

      6,893 SF medical office with high traffic and parking.
      314 Bluebird Dr, Goodlettsville, TN 37072
      View Details
    • $624,500
      4,063 SF

      Commercial Building in Goodlettsville Heart

      Stand-alone commercial building in the heart of Goodlettsville.
      140 N Main St, Goodlettsville, TN 37072
      View Details
    • $3,450,000
      14,500 SF

      Goodlettsville Office Building For Sale

      14,500 SF office building with excellent connectivity and parking.
      400 Professional Park Dr, Goodlettsville, TN 37072
      View Details
    • $5,900,000
      50,326 SF

      Rivergate Executive Park Investment Opportunity

      Commercial property featuring retail and office space near Nashville.
      907 Rivergate Pkwy, Goodlettsville, TN 37072
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    • $700,000
      2,110 SF

      Goodlettsville Office Building For Sale

      Prime location, versatile space, high potential.
      106 Cedar St, Goodlettsville, TN 37072
      View Details
    • $899,000

      Historic Goodlettsville Office Building

      Three-story office building in historic Goodlettsville with parking.
      116 N Main St, Goodlettsville, TN 37072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      78,105 SF

      Music City Shopping Center Retail Space

      Nashville medical office space available. High visibility location.
      900 Conference Dr, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      10,000 SF

      Retail/Office Space Near I-65

      1,120 SF retail or office space available immediately.
      403 Long Hollow Pike, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      51,482 SF

      Prime Goodlettsville Office Space

      Spacious office suites, flexible layouts, immediate occupancy.
      112 Long Hollow Pike, Goodlettsville, TN 37072
      View Details
    • $7,500 /Mo
      4,553 SF

      Rivergate Parkway Office Showroom Space

      Office showroom space for lease near Rivergate Mall.
      715 Rivergate Pkwy, Goodlettsville, TN 37072
      View Details
    • $2,975 /Mo

      Convenient Office Space Available

      Office space with private offices, conference room, and kitchen.
      405 Two Mile Pike, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      1,120 SF

      Retail/Office Space Available Immediately

      Retail or office space featuring four offices, reception, and conference.
      102 Long Hollow Pike, Goodlettsville, TN 37072
      View Details
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    824 Wren Rd
    Goodlettsville, TN 37072-2312
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    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
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