Technical
Financial
Distress signals
Property profile

118 16th S Ave Nashville, TN 37203

OFF-MARKET
Office buildings
Property ID
US80-1815303
60,963 SF 0.59 ac lot Built 1964
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1964
Total area 60,963 SF
Lot 0.59 ac (25,700 SF)
Zoning code MULTI-ZONE
APN 093-13-0-007-00
UPID US80-1815303

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Recording Studio
  • Recording Studio
  • Tech Support Center (Bike/Boat/Book/etc) Store

Location

118 16th S Ave Nashville, TN 37203-3100
Nashville metro Census 19501 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$13.13M
CAP Approach CAP
$12.53M
Comparable Approach Comparable
$11.05M
Blend (final) Blend
$13.13M

Owner & transaction history

since 2024
Last sale
$13.1M
7 recorded transactions
2024
Price N/A
2022
$13.1M
2016
Price N/A
2016
$29.0M
2013
Price N/A
2013
$17.7M
1998
$186,756

Zoning & alternative use

MULTI-ZONE · Nashville, TN
Top alternative use upside
Medical building $21.3M +4.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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