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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Parking lots & garages
1001 Montrose Ave, Nashville, TN 37204
Individually Owned
3-yr Hold
Property ID
US80-1977596
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1927
Total area
1,840 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R8
APN
118-01-0-212-00
UPID
US80-1977596
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
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$1.07M
Owner & transaction history
Andrew Levinson · 3 yrs held
Andrew Levinson
since 2023
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
R8 · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+5.2%
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
$990,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,060,000
Current use
AUTO REPAIR, GARAGE
$1,115,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$850,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.10M (Jun 2 2023)
Last sale anchor
$1.10M
Jun 2 2023
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
$582 / 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
$4,372
Tax year 2023
Assessed value
$134,360
Assessed 2023
Previous assessed
$134,360
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$130,000
Assessed improvement
$4,360
Land market value
$325,000
Improvement market value
$10,900
Total market value
$335,900
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1927
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
1,840 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R8
APN
118-01-0-212-00
UPID
US80-1977596
Jurisdiction
DAVIDSON
Zoning & alternative use
R8 · Nashville, TN
Zoning R8 · permitted uses
R8 · 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
PARKING LOT Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$850,000
PARKING LOT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1927
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Andrew Levinson
Individual
Mailing address
923 HALCYON AVE, NASHVILLE, TN 37204-2643
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
$1,100,000
Andrew Levinson
Ss Porter LLC
Warranty Deed
—
Jan 11, 2022
$3,500,000
Ss Porter LLC
Trustees Of Second Msny Baptist Chr
Warranty Deed
—
Jan 12, 2010
—
Second Missionary Baptist Ch
Second Missionary Baptist Ch C
Quit Claim Deed
related
—
Oct 8, 2004
—
Second Missionary Baptist C
—
Trustees Deed
related
$60,000 · Citizens Savings Bank & Trust
Jun 30, 1997
$27,600
2nd Missionary Baptist Church
Unknown
Grant Deed
$220,000 · Citizens Savings Bank
Jun 30, 1997
$63,000
Second Miss Baptist Church
—
Grant Deed
related
—
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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