Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1114 1st N Ave Nashville, TN 37208
    Back to Search
    Property profile & analytics

    1114 1st N Ave, Nashville, TN 37208

    View on Map
    • Warehouses
    • 2,940 SF
    • 2.84 lot acres
    Off-Market
    Property ID
    US80-0836844
    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.
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    3.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1114 1st N Ave

    Year built
    1928
    Lot size
    2.84 lot acres
    Zone code
    IG
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    082-10-0-001-00
    APU
    8210000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2018 — Smyrna Ready Mix Concrete LLC — Loan Modification · related $240M · Bank Of America
    Jun 21, 2017 — Smyrna Ready Mix Concrete LLC — Grant Deed · related $76.4M · Regions Bk
    Aug 13, 2014 $12,224,000 Smyrna Ready Mix LLC Metro Ready Mix Concrete LLC Trustees Deed $21.5M · Wilson Bk&tr
    Oct 5, 2011 $4,000,000 Metro Ready Mix Concrete LLC Harper Industries INC Grant Deed · related $4M · Harper Industries INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $789,000
      Market price range: $182k - $790k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $695,000
      Current use
      MEDICAL BUILDING
      $1,025,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $860,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $850,000
      Change: +23% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $810,000
      Change: +17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7825
    Latitude
    36.1769
    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
    $52,674
    $1,608,240
    $10,520
    $1,618,760
    -
    $4,020,600
    $26,300
    $4,046,900

    Comparable in this City

    • Value Estimation
      $13,705,000
      77,508 SF

      1015 Herman St

      MINI-WAREHOUSE, STORAGE
      1015 Herman St, Nashville, TN 37208-3143
      View Details
    • Value Estimation by Request
      18,732 SF

      804 19th N Ave

      MINI-WAREHOUSE, STORAGE
      804 19th N Ave, Nashville, TN 37208-3404
      View Details
    • Value Estimation
      $1,540,000
      11,404 SF

      1305 4th N Ave

      MINI-WAREHOUSE, STORAGE
      1305 4th N Ave, Nashville, TN 37208-2715
      View Details
    • Value Estimation
      $1,940,000
      6,693 SF

      1500 2nd N Ave

      MINI-WAREHOUSE, STORAGE
      1500 2nd N Ave, Nashville, TN 37208-1710
      View Details
    • Value Estimation by Request
      1,260 SF

      1901 Dr Db Todd Jr Blvd

      MINI-WAREHOUSE, STORAGE
      1901 Dr Db Todd Jr Blvd, Nashville, TN 37208-1432
      View Details
    • Value Estimation by Request
      1,891 SF

      1929 16th N Ave

      MINI-WAREHOUSE, STORAGE
      1929 16th N Ave, Nashville, TN 37208
      View Details

    Similar Nearby for Sale

    • $139,000

      Ready-to-Build Lot in Nashville

      Level, clear lot near downtown Nashville, ready for new construction.
      1615 Dr Db Todd Jr Blvd, Nashville, TN 37208
      View Details
    • $5,000,000

      Jefferson Street Redevelopment Opportunity

      Prime building opportunity in Nashville's historic Jefferson Street district.
      1305 Jefferson St, Nashville, TN 37208
      View Details
    • $149,000

      North Nashville Infill Development Opportunity

      Prime land near Downtown and Jefferson Street corridor.
      1205 Scovel St, Nashville, TN 37208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      105,000 SF

      Germantown Office Space with Terraces

      105,000 SF office space in Germantown, available Q3 2024.
      4 4Th St, Nashville, TN 37208
      View Details
    • Contact for pricing
      35,000 SF

      Downtown Nashville Office Space Available

      Office space with views of Downtown, Cumberland River, and Capitol.
      416 Jefferson St, Nashville, TN 37208
      View Details
    • Contact for pricing
      2,218 SF

      Renovated Nashville Building For Rent

      Renovated building with flexible zoning near downtown Nashville.
      1822 Jefferson St, Nashville, TN 37208
      View Details
    • Contact for pricing
      2,260 SF

      Nashville Office Space For Rent

      Office space available for lease in Nashville, Tennessee.
      1200 4Th Ave N, Nashville, TN 37208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1114 1st N Ave
    Nashville, TN 37208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1114 1st N Ave, Nashville, TN, 37208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!