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Property profile & analytics
OFF-MARKET
Industrial properties
707 Spence Ln Nashville, TN 37217-1143
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1107574
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1960
Total area
38,880 SF
Lot
9.86 ac (429,502 SF)
Zoning code
IR
APN
106-00-0-067-00
UPID
US80-1107574
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
-
RevHD Industrial Manufacturer Production Facility
-
Doerfer Co Factory Industrial Manufacturer
-
Grayland Distribution & Fulfillment Shipping Company Freight Service
-
Southern Maple Co Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
707 Spence Owner LLC · 4 yrs held
707 Spence Owner LLC
since 2021
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$87,655
Tax year 2023
Assessed value
$2,693,760
Assessed 2023
Previous assessed
$2,693,760
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$687,200
Assessed improvement
$2,006,560
Land market value
$1,718,000
Improvement market value
$5,016,400
Total market value
$6,734,400
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1960
Heating
SPACE
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
38,880 SF
Lot
9.86 ac (429,502 SF)
Zoning code
IR
APN
106-00-0-067-00
UPID
US80-1107574
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.
Building & site characteristics
From public records
Year built
1960
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
8
Lot
9.86 ac
Current owner
From public records · entity-resolved
707 Spence Owner LLC
Entity
Mailing address
5445 DTC PKWY STE #910, GREENWOOD VILLAGE, CO 80111-3054
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$20,000,000
707 Spence Owner LLC
707 Spence Lane LLC
Special Warranty Deed
$20,825,000 · Prime Finance Short Duration Holdin
May 2, 2019
$8,370,000
707 Spence Lane LLC
46th Street Investors
Special Warranty Deed
$7,346,000 · Copperpoint Insurance Co
Jul 24, 2015
$16,500,000
46th Street Investors
Mci Williams LLC
Grant Deed
—
Dec 30, 2014
—
Mci Williams LLC
—
Grant Deed
related
$7,000,000 · Pinnacle Bk
Jun 9, 2005
$10,000,000
Mci Williams LLC
Rts Wright Industries LLC
Grant Deed
$6,735,000 · Bank Of America
—
—
Mci Williams LLC
—
Deed Of Trust
related
$6,735,000 · Bank Of America
—
—
Wright Industries
—
Deed Of Trust
related
$4,860,000 · Nationsbank
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.
Try Rey
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