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Property profile & analytics
OFF-MARKET
Estimated value
$13,125,000
Office buildings
118 16th S Ave Nashville, TN 37203-3100
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1815303
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
PROW Consulting Partners IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Rich Entertainment (Bike/Boat/Book/etc) Store
-
AfterTouch Music Recording Studio
-
Fame Music Recording Studio
-
GOTV HD Tech Support Center (Bike/Boat/Book/etc) Store
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
Mc D Hill Office LLC · 1 yrs held
Mc D Hill Office LLC
since 2024
Last sale
$13.1M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.3M
+4.6%
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
$13,125,000
ML approach
$13,125,000
CAP Approach
CAP Return
Estimation
6%
$13,570,000
6.5%
$12,525,000
7%
$11,630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,350,000
Current use
MEDICAL BUILDING
$21,275,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$13.13M
Range $11.81M – $14.44M · ±10% · vs last sale $13.12M (Oct 3 2024)
Last sale anchor
$13.12M
Oct 3 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
$215 / 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
$127,253
Tax year 2023
Assessed value
$3,910,650
Assessed 2023
Previous assessed
$4,934,720
-20.8% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,981,160
Assessed improvement
$929,490
Land market value
$7,452,900
Improvement market value
$2,323,724
Total market value
$9,776,624
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
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
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
OFFICE BUILDING Current
Est. value
$20.4M
MEDICAL BUILDING
Est. value
$21.3M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1964
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Mc D Hill Office LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
Mc D Hill Office LLC
Mc D Hill Office LLC
Quit Claim Deed
related
—
Jul 5, 2022
$13,122,775
Hc D Hill Office LLC
Arora Pcs LLC
Special Warranty Deed
—
Mar 29, 2016
—
Bfdmre Demonbreun LLC
Ecg Demonbreun LLC
Quit Claim Deed
related
—
Mar 29, 2016
$29,018,000
Bfdmre Demonbreun LLC
Ecg Demonbreun LLC
Grant Deed
—
Sep 23, 2013
—
Edg Demonbreun LLC
Lui Nashville Demonbreun Street LLC
Quit Claim Deed
related
—
Sep 23, 2013
$17,675,000
Ecg Demonbreun LLC
Lui Nashville Demonbreun St Ll
Grant Deed
—
Aug 14, 1998
$186,756
Mid-continent College
Music Row Properties Ltd
Grant Deed
—
Aug 14, 1998
—
Mid-continent College
Brandon,e H & Ruth A
Quit Claim 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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