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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Warehouses
45 Willow St Nashville, TN 37210-2138
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0937141
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Total area
16,440 SF
Lot
0.38 ac (16,553 SF)
Zoning code
IR
APN
093-12-0-039-00
UPID
US80-0937141
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
-
Hoffmann Brothers HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.87M
Owner & transaction history
Hoffmann Real Estate IV LLC · 6 yrs held
Hoffmann Real Estate IV LLC
since 2020
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+86.6%
Medical building
$5.7M
+80.8%
Neighborhood: shopping center
$4.8M
+50.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,570,000
6.5%
$2,370,000
7%
$2,200,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,175,000
Current use
OFFICE BUILDING
$5,925,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$5,735,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,760,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.71M (Jul 9 2020)
Last sale anchor
$3.71M
Jul 9 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
$235 / 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
$31,984
Tax year 2023
Assessed value
$982,920
Assessed 2023
Previous assessed
$982,920
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$102,000
Assessed improvement
$880,920
Land market value
$255,000
Improvement market value
$2,202,300
Total market value
$2,457,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
16,440 SF
Lot
0.38 ac (16,553 SF)
Zoning code
IR
APN
093-12-0-039-00
UPID
US80-0937141
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Hoffmann Real Estate IV LLC
Entity
Mailing address
1025 HANLEY INDUSTRIAL CT, BRENTWOOD, MO 63144-1907
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Hoffmann Real Estate IV LLC
—
Deed
related
$25,900,000 · Umb Bank NA
Jul 9, 2020
$3,705,000
Hoffmann Real Estate IV LLC
Douglas M Rice
Special Warranty Deed
—
Aug 1, 2018
—
Douglas M Rice
—
Deed
related
$1,342,500 · Landmark Cmnty Bk
Mar 7, 1994
$450,000
Dr & A INC
Unknown,
Grant Deed
—
—
—
Douglas M Rice
—
Deed Of Trust
related
$375,000 · American Security Bank & Trust
—
—
Douglas M Rice
—
Deed Of Trust
related
$850,000 · First Bank
—
—
Douglas M Rice
—
Deed Of Trust
related
$946,612 · Cadence Bank
—
—
Douglas M Rice
—
Deed Of Trust
related
$443,000 · Ge Capital Small Business Finl
—
—
Douglas M Rice
—
Deed Of Trust
related
$1,342,500 · Landmark Cmnty Bk
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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