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    Property profile & analytics

    520 Lafayette St Nashville, TN 37203

    • Parking lots & garages
    • 0.19 lot acres
    For Sale
    View listing
    $7,500,000
    Value Estimation
    Last Sale
    Sep 03, 2024
    $120,000
    Location Intelligence
    Property ID
    US80-1909461
    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

    • Eaton Used Cars Inc / Used Car Dealer

    Property Details for 520 Lafayette St

    Lot size
    0.19 lot acres
    Zone code
    DTC
    Property type
    Parking lots & garages
    APN
    093-10-0-218-00
    APU
    9310021800

    Description

    This exceptional 0.35-acre commercial land parcel, totaling 15,500 square feet, presents a prime development opportunity in Nashville's vibrant SoBro district. Located at 520 Lafayette St, this property encompasses four parcels (093.10.0.218.00, 093.14.0.463.00, 093.10.0.217.00, and 093.10.0.216.00), offering frontage on both Lafayette Street and Lea Avenue, situated between 5th and 6th Avenues South. The DTC (Downtown Code) zoning allows for a 12-16 story development, perfectly complementing the planned 27-story and 14-story developments on adjacent properties. This location boasts unparalleled proximity to key attractions, including the Music City Center convention center, the Westin hotel, and the 8th Avenue South/Lafayette Street/Korean Veterans Boulevard roundabout, all within three blocks. Convenient access to I-40 entrance/exit ramps is also less than three blocks away. A 2024 appraisal supports the asking price of $7,500,000. A survey and Phase I Environmental Study are available upon request. All information is deemed reliable but not guaranteed.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $120,000

    • CAP approach

      CAP return
      Estimation
      6%
      $85,000
      6.5%
      $95,000
      7%
      $90,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $90,000
      Geo Method
      $90,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $95,000
      Retail
      $85,000
      Mixed-Use
      $85,000
      Hospitality
      $85,000
      Educational
      $75,000
      Residential Income
      $90,000
      Energy
      $95,000
      Income-Based Land
      $75,000
      Food Service
      $100,000

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7749
    Latitude
    36.1532
    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
    $17,426
    $529,680
    $5,840
    $535,520
    -
    $1,324,200
    $14,600
    $1,338,800

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    520 Lafayette St
    Nashville, TN 37203
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    Realmo Value Estimation

    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.

    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.

    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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