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Property profile & analytics
OFF-MARKET Estimated value $3,060,000
Warehouses

1024 3rd S Ave Nashville, TN 37210-2606

2,703 SF 0.16 ac lot Built 1992
Entity Owned ~ Est. High Equity
Property ID
US80-1575612
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,650 square foot flex/warehouse property situated on two parcels totaling 0.35 acres in Nashville, Tennessee's vibrant Chestnut Hill neighborhood (zip code 37210). The property, located at 1024 & 1026 3rd Ave S, is a single-story, 1992-built building with a 14-foot ceiling height, offering two office areas and an unconditioned warehouse/loft space. The property boasts four loading docks and ample parking, with access from both the front and rear (alley access). The property is zoned CS and benefits from its location within an Opportunity Zone. This area is experiencing significant development, with major projects like Wedgewood Village (1.6M sq ft mixed-use campus), 4th & McCann (20-story tower), and the New Heights District (20-acre mixed-use development) nearby. Other notable developments in the vicinity include The Finery, Emblem Park, and the Fort Negley Masterplan. The asking price is $3,400,000, translating to $601.77 per square foot. Detailed information, including a 3D walkthrough, floor plan, and ALTA survey, is available. This property presents a compelling investment opportunity in a rapidly developing area of Nashville. The sale includes both 1024 and 1026 3rd Ave S.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1992
Total area 2,703 SF
Lot 0.16 ac (6,970 SF)
Zoning code CS
APN 093-15-0-290-00
UPID US80-1575612
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
$3.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.06M
Owner & transaction history
Albatross Properties Gp
Albatross Properties Gp
since 2026
Last sale
$3.1M
6 recorded transactions
2026
$3.1M
2022
$2.7M
2011
Price N/A
2009
Price N/A
1993
$112,082
1969
Price N/A
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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