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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Medical Office Space
938 Main St Nashville, TN 37206-3614
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US80-0503872
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Total area
5,440 SF
Lot
0.33 ac (14,375 SF)
Zoning code
MULTI-ZONE
APN
082-12-0-307-00
UPID
US80-0503872
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
-
Value Vet Main St. Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$969k
Blend (final)
Blend
$500k
Owner & transaction history
Watts Investment Corp · 16 yrs held
Watts Investment Corp
since 2009
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
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
$500,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$825,000
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$92 / 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
$25,422
Tax year 2023
Assessed value
$781,240
Assessed 2023
Previous assessed
$781,240
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$569,600
Assessed improvement
$211,640
Land market value
$1,424,000
Improvement market value
$529,100
Total market value
$1,953,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,440 SF
Lot
0.33 ac (14,375 SF)
Zoning code
MULTI-ZONE
APN
082-12-0-307-00
UPID
US80-0503872
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TNZoning 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
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Watts Investment Corp
Entity
Mailing address
1224 OTTER CRK RD, NASHVILLE, TN 37215-5211
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
—
Watts Investment Corp
—
Deed
related
$3,500,000 · Bancorpsouth
Aug 30, 2016
—
Watts Investment Corp
—
Deed
related
$722,249 · Regions Bk
Oct 15, 2009
$285,000
Watts Investment Corp
Dss Prodiesel Partners LLC
Warranty Deed
$242,250 · Regions Bank
Jan 24, 1994
$510,000
Dss/prodiesel INC
Unknown,
Grant Deed
$408,000 · First American National Bank
Jan 20, 1994
$510,000
Dss/prodiesel INC
Unknown,
Grant Deed
—
—
—
Watts Investment Corp
—
Deed Of Trust
related
$3,500,000 · Bancorpsouth
—
—
Watts Investment Corp
—
Loan Modification
related
$722,249 · Regions Bk
—
—
Watts Investment Corp
—
Deed Of Trust
related
$394,897 · Regions Bk/fayette
—
—
Dss Prodiesel Partners LLC
—
Deed Of Trust
related
$314,277 · Base INC
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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