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Property profile & analytics
OFF-MARKET Estimated value $11,755,000
Parking lots & garages

1206 16th S Ave Nashville, TN 37212

0.16 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-0924258
Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.16 ac (6,970 SF)
Zoning code OR20
APN 104-04-0-229-00
UPID US80-0924258
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
$11.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.76M
Owner & transaction history
Tmec Nashville INC · 1 yrs held
Tmec Nashville INC
since 2025
Last sale
$10.0M
6 recorded transactions
2025
$10.0M
2018
Price N/A
2017
Price N/A
2016
$885,000
2016
Price N/A
2004
$80,000
Zoning & alternative use
OR20 · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

OR20, Office/Residential District and OR20-A, Office/Residential District Alternative. The OR20 and OR20-A districts are designed for a mixture of compatible office and multifamily residential use at medium-high density levels of intensity. These districts are encouraged to locate in areas with good vehicular accessibility, preferably along collector or arte…

Zone name Office Residential 20 Units An Acre
General category RESIDENTIAL
Zone area 1,265.80 ac
Source Zoning Ordinance
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