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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Warehouses
1103 Bell Grimes Ln Nashville, TN 37207-1605
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2013394
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Total area
8,520 SF
Lot
1 ac (43,560 SF)
Zoning code
CS
APN
041-12-0-016-03
UPID
US80-2013394
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
-
MaryKayRichardson.com Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.90M
Owner & transaction history
Lloyd Soeters · 2 yrs held
Lloyd Soeters
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+40.4%
Office building
$2.5M
+17.5%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,120,000
Current use
MEDICAL BUILDING
$2,975,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$2,490,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,095,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Feb 6 2024)
Last sale anchor
$1.90M
Feb 6 2024
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
$223 / 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
$11,230
Tax year 2023
Assessed value
$384,320
Assessed 2023
Previous assessed
$384,320
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$76,480
Assessed improvement
$307,840
Land market value
$191,200
Improvement market value
$769,600
Total market value
$960,800
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
1967
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
8,520 SF
Lot
1 ac (43,560 SF)
Zoning code
CS
APN
041-12-0-016-03
UPID
US80-2013394
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · 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
$2.1M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lloyd Soeters
Individual
Mailing address
1218 LIPSCOMB DR, BRENTWOOD, TN 37027-7007
Ownership since
2024
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 6, 2024
$1,900,000
Lloyd Soeters
D4 Properties LLC
Warranty Deed
$1,450,000 · Renasant Bank
Sep 1, 2020
—
D4 Properties LLC
—
Deed
related
$680,000 · Studio Bk
Jan 11, 2018
$650,000
D4 Properties LLC
Gary Semanchik
Warranty Deed
$530,000 · First Advantage Bank
Apr 13, 2011
$220,000
Gary Semanchik
Herndon C Tucker
Trustees Deed
related
—
May 2, 2001
$245,000
Eddie R Rhines
Duncan,margaret
Grant Deed
$235,000 · Margaret
—
—
Eddie R Rhines
—
Deed Of Trust
related
$50,000 · First Tennessee Bank National
—
—
Eddie R Rhines
—
Deed Of Trust
related
$250,000 · First Tennessee Bank National
—
—
Eddie R Rhines
—
Deed Of Trust
related
$110,000 · Jerry Rutherford
—
—
D4 Properties LLC
—
Deed Of Trust
related
$680,000 · Studio 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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