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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Strip malls
953 Main St Nashville, TN 37206-3623
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-3521792
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
6,600 SF
Lot
0.39 ac (16,988 SF)
Zoning code
MULTI-ZONE
APN
082-12-0-277-00
UPID
US80-3521792
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
-
Vines Midwifery Midwife
-
Cutter Cares, LLC Production Facility
-
Sheridan Payne Physician
-
Manhead Merch Factory Textile Manufacturer
-
We Are Nations Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Manhead Rei LLC · 6 yrs held
Manhead Rei LLC
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$3.3M
+34.1%
Restaurant
$3.3M
+31.9%
Retail stores
$3.1M
+23.6%
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
$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
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
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10% · vs last sale $2.20M (Mar 2 2020)
Last sale anchor
$2.20M
Mar 2 2020
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
$345 / 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
$31,600
Tax year 2023
Assessed value
$971,120
Assessed 2023
Previous assessed
$971,120
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$618,880
Assessed improvement
$352,240
Land market value
$1,547,200
Improvement market value
$880,600
Total market value
$2,427,800
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
1960
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,600 SF
Lot
0.39 ac (16,988 SF)
Zoning code
MULTI-ZONE
APN
082-12-0-277-00
UPID
US80-3521792
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.3M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL 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
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Manhead Rei LLC
Entity
Mailing address
953 MAIN ST STE #101, NASHVILLE, TN 37206-3628
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
$2,200,000
Manhead Rei LLC
Body In Balance LLC
Grant Deed
$1,740,000 · Body In Balance LLC
Mar 2, 2020
—
Manhead Rei LLC
Body In Balance LLC
Quit Claim Deed
related
—
Jun 8, 2018
—
Body In Balance LLC
—
Deed
related
$302,275 · Legends Bank
Dec 2, 2010
—
Hendrix & Darling LLC
Henderix,patricia M
Quit Claim Deed
related
$440,000 · Civic Bank & Trust
Feb 15, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 15, 2005
—
Hendrix & Darling LLC
Hendrix,anna
Quit Claim Deed
related
—
Jun 15, 2005
$60,000
Anna Hendrix
Hendrix,patricia M
Warranty Deed
related
—
May 31, 2005
$348,000
Patricia M Hendrix
Knoble,david
Warranty Deed
$315,800 · Primetrust Bank
Mar 25, 2003
$193,160
David Knoble
Steward,bennid O & Mary O
Grant Deed
$177,158 · Bennie O & Mary O Steward
Jul 20, 1994
$130,000
O Steward Mary O Bennie
Unknown,
Grant Deed
$120,000 · Walter B Coleman Etux
Jul 14, 1994
$130,000
Bennie O Steward
Unknown,
Grant Deed
—
—
—
Patricia M Hendrix
—
Deed Of Trust
related
$37,060 · Primetrust Bank
—
—
Patricia M Hendrix
—
Deed Of Trust
related
$31,500 · Primetrust Bank
—
—
Body In Balance LLC
—
Deed Of Trust
related
$425,000 · Legends Bank
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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