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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
1213 16th S Ave Nashville, TN 37212-2901
Individually Owned
6-yr Hold
Free & Clear
Property ID
US80-1505159
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
5,246 SF
Lot
0.19 ac (8,276 SF)
Zoning code
OR20
APN
104-04-0-219-00
UPID
US80-1505159
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
-
J Scooter Construction Construction Company General Contractor
-
April M. Broussard, LCSW Foster Care Service Social Service Agency
-
Lynnette Davidson, LPC-MHSP Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Tennessee Parks & Greenways Fo · 6 yrs held
Tennessee Parks & Greenways Fo
since 2019
7 recorded transactions
Zoning & alternative use
OR20 · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,290,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$166 / 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
Land market value
$762,300
Improvement market value
$629,300
Total market value
$1,391,600
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
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
10
Bathrooms
2
Total area
5,246 SF
Lot
0.19 ac (8,276 SF)
Zoning code
OR20
APN
104-04-0-219-00
UPID
US80-1505159
Jurisdiction
DAVIDSON
Zoning & alternative use
OR20 · Nashville, TN
Zoning OR20 · permitted uses
OR20 · 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
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1920
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Tennessee Parks & Greenways Fo
Individual
Free & Clear · 6 yrs held
Mailing address
1213 16TH AVE SA, NASHVILLE, TN 37212-2901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 10, 2019
$1,750,000
Tennessee Parks & Greenways Fo
1213 Music Row LLC
Grant Deed
—
May 30, 2018
$1,150,000
1213 Music Row LLC
Ham Properties
Special Warranty Deed
$725,000 · W Finnacial Fund LP
Sep 24, 2001
—
H A M Properties
Andrews,laura K
Quit Claim Deed
related
—
Apr 17, 1992
$150,000
Ham Properties
Unknown
Grant Deed
—
—
—
Ham Properties
—
Loan Modification
related
—
—
—
H A M Properties
—
Deed Of Trust
related
$300,000 · Suntrust Bank NA
—
—
Sue A Hassam
—
Deed Of Trust
related
$290,000 · Us Bank NA
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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