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Property profile & analytics
OFF-MARKET
Estimated value
$5,780,000
High-rise multifamily apartments
121 30th N Ave Nashville, TN 37203-1511
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3026928
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Total area
14,243 SF
Lot
0.17 ac (7,405 SF)
Zoning code
ORI
APN
104-02-0-576-00
UPID
US80-3026928
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
-
The 121 Hotel by AvantStay Hotel & Motel
-
Dale Carolyn Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.50M
Blend (final)
Blend
$5.78M
Owner & transaction history
Hotel 30 LLC · 5 yrs held
Hotel 30 LLC
since 2021
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
ORI · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.6M
+146.4%
Warehouse, storage
$7.6M
+117.2%
Neighborhood: shopping center
$7.5M
+115.2%
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
$6,325,000
ML approach
$6,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,505,000
Current use
AUTO REPAIR, GARAGE
$8,635,000
Change: +146% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,610,000
Change: +117% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,540,000
Change: +115% · Conversion: Difficult
RETAIL STORES
$6,585,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$4,970,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$5.78M
Range $5.20M – $6.36M · ±10% · vs last sale $5.80M (Jan 4 2021)
Last sale anchor
$5.80M
Jan 4 2021
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
$406 / 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
$57,510
Tax year 2023
Assessed value
$1,767,360
Assessed 2023
Previous assessed
$1,767,360
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$370,240
Assessed improvement
$1,397,120
Land market value
$925,600
Improvement market value
$3,492,800
Total market value
$4,418,400
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
14,243 SF
Lot
0.17 ac (7,405 SF)
Zoning code
ORI
APN
104-02-0-576-00
UPID
US80-3026928
Jurisdiction
DAVIDSON
Zoning & alternative use
ORI · Nashville, TN
Zoning ORI · permitted uses
ORI · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
RETAIL STORES
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2019
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hotel 30 LLC
Entity
Mailing address
3016 HEDRICK ST STE #200, NASHVILLE, TN 37203-6318
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
121 Flats LLC
—
Deed
related
$3,675,421 · Ascend FCU
Jan 28, 2022
—
Hotel 30 LLC
—
Deed
related
$4,692,382 · Ascend FCU
Jan 4, 2021
—
Hotel 30 LLC
121 Flats LLC
Quit Claim Deed
related
—
Dec 31, 2020
—
Hotel 30 LLC
121 Flats LLC
Quit Claim Deed
related
—
Aug 19, 2019
—
121 Flats LLC
—
Deed
related
$1,035,000 · Ascend FCU
Sep 28, 2018
$5,800,000
Vanderbilt University
Ri2015 Fam Gst-exempt Trust
Grant Deed
—
Oct 13, 2017
—
Steven,a Riley Family 2015 Gst Trust
Vanderbilt Place Partners
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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