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Property profile & analytics
OFF-MARKET Estimated value $13,950,000
Medical Office Space

State St Nashville, TN 37203

101,910 SF 0.64 ac lot Built 1993
Entity Owned Absentee Owner Free & Clear
Property ID
US80-2482436
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1993
Total area 101,910 SF
Lot 0.64 ac (27,878 SF)
Zoning code MUG-A
APN 092-15-0-121-00-001
UPID US80-2482436
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.62M
Comparable Approach Comparable
$11.33M
Blend (final) Blend
$13.95M
Owner & transaction history
HERITAGE MEDICAL DEVELOPMENT GROUP, LLC
HERITAGE MEDICAL DEVELOPMENT GROUP, LLC
Zoning & alternative use
MUG-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Historic Eligibility. Only a nonresidential structure in the MUL, MUL-A, MUG, MUG-A, MUI, and MUI-A districts can be used for a warehouse and distributive business/wholesale use. The historical commission must have determined the structure is worthy of conservation, was constructed more than fifty years ago, and is being preserved with no additions, deletion…

Zone name Mixed Use General Alternative
General category MIXED_USE
Zone area 378.46 ac
Source Zoning Ordinance
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