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

    953 Main St Nashville, TN 37206-3623

    • Strip malls
    • 6,600 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2020
    $2,200,000
    Value Estimations
    $2,400,000
    Show details
    Cap Rate Potential
    4%
    Strip malls
    Location Intelligence
    Property ID
    US80-3521792
    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

    • Vines Midwifery / Midwife
    • Cutter Cares, LLC / Medical Equipment Supplier / Oxygen Equipment Supplier
    • Sheridan Payne / Physical Therapist
    • Manhead Merch / Clothing Wholesaler
    • We Are Nations / Sports Accessories Wholesaler

    Property Details for 953 Main St

    Year built
    1960
    Lot size
    0.39 lot acres
    Property size
    6,600 SF
    Zone code
    MULTI-ZONE
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    082-12-0-277-00
    APU
    8212027700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,375,000
      ML approach
      $2,355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,575,000
      6.5%
      $1,455,000
      7%
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,486,000
      Market price range: $1.04M - $3.95M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,470,000
      Current use
      COMMERCIAL (GENERAL)
      $3,315,000
      Change: +34% Conversion: Easy
      RESTAURANT
      $3,260,000
      Change: +32% Conversion: Difficult
      RETAIL STORES
      $3,050,000
      Change: +24% Conversion: Easy
      MEDICAL BUILDING
      $2,305,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7532
    Latitude
    36.1779
    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
    $31,600
    $618,880
    $352,240
    $971,120
    -
    $1,547,200
    $880,600
    $2,427,800

    Comparable in this City

    • Value Estimation
      $365,000
      6,416 SF

      903 Main St

      SHOPPING CENTER, STRIP CENTER • 6,416 SF
      903 Main St, Nashville, TN 37206-3609
      View Details
    • Value Estimation
      $375,000
      3,550 SF

      1012 Fatherland St

      SHOPPING CENTER, STRIP CENTER • 3,550 SF
      1012 Fatherland St, Nashville, TN 37206-2922
      View Details
    • Value Estimation
      $385,000
      9,100 SF

      1510 Br St

      SHOPPING CENTER, STRIP CENTER • 9,100 SF
      1510 Br St, Nashville, TN 37206-1663
      View Details
    • Value Estimation
      $325,000
      3,227 SF

      103 11th St

      SHOPPING CENTER, STRIP CENTER • 3,227 SF
      103 11th St, Nashville, TN 37206-2936
      View Details
    • Value Estimation
      $295,000
      3,380 SF

      107 11th St

      SHOPPING CENTER, STRIP CENTER • 3,380 SF
      107 11th St, Nashville, TN 37206-2936
      View Details
    • Value Estimation
      $325,000
      4,810 SF

      419 Gallatin Ave

      SHOPPING CENTER, STRIP CENTER • 4,810 SF
      419 Gallatin Ave, Nashville, TN 37206-3220
      View Details

    Similar Nearby for Sale

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      1,292 SF

      Residential Structure with Commercial Potential

      Residential structure with commercial use, redevelopment potential.
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      East Nashville Retail Opportunity

      Prime Retail Space, Turn-Key Condition
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      Renovated East Nashville property with short-term rental and commercial potential.
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    • $325,000
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      Residential Building Lot, Only Five Minutes from Downtown!

      Residential Building Lot, Only Five Minutes from Downtown!
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      East Nashville Land for Development

      Spacious, flat lot zoned for two homes in East Nashville.
      15 Belle Forrest Ave, Nashville, TN 37206
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    Similar Nearby for Lease

    • Contact for pricing
      4,200 SF

      Retail Space on Gallatin Pike

      Neighborhood center space available on a primary commercial artery.
      615 Gallatin Ave, Nashville, TN 37206
      View Details
    • $28 SF/Yr

      East Nashville Retail/Office Space

      Office, retail, and restaurant spaces for lease in East Nashville.
      Nashville, TN 37206
      View Details
    • Contact for pricing

      Parking Lot Retail Opportunity

      Paid parking lot suitable for retail development and ground leases.
      701 S 12Th St, Nashville, TN 37206
      View Details
    • Contact for pricing
      21,211 SF

      Nashville Office Space for Lease

      Prime Nashville location, multiple suites available.
      900 Woodland St, Nashville, TN 37206
      View Details
    • $3,500 /Mo
      1,100 SF

      Renovated Historic Nashville Retail Space

      Renovated historic retail space in East Nashville for lease.
      1530 Riverside Dr, Nashville, TN 37206
      View Details
    • Contact for pricing
      5,000 SF

      East Nashville Retail Space Available

      Retail space on Gallatin Ave with high traffic visibility.
      2503 Gallatin Ave, Nashville, TN 37206
      View Details
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    953 Main St
    Nashville, TN 37206-3623
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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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