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Property profile & analytics
OFF-MARKET Estimated value $23,255,000
High-rise multifamily apartments

1226 16th S Ave Nashville, TN 37212-2902

115,109 SF 0.72 ac lot Built 2013
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1903620
Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2013
Total area 115,109 SF
Lot 0.72 ac (31,363 SF)
Zoning code ORI
APN 104-08-0-235-00
UPID US80-1903620
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
by Request
CAP Approach CAP
$18.46M
Comparable Approach Comparable
$20.93M
Blend (final) Blend
$23.26M
Owner & transaction history
Note 16 Nashville Spe LLC · 3 yrs held
Note 16 Nashville Spe LLC
since 2022
Last sale
$26.3M
7 recorded transactions
2022
$26.3M
2016
$19.3M
2013
Price N/A
2013
$15.6M
2011
Price N/A
2011
$1.7M
2006
$1.2M
Zoning & alternative use
ORI · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ORI, Office/Residential Intensive District and ORI-A, Office Residential Intensive District Alternative. The ORI district is designed to provide adequate and suitable space in appropriate locations for high intensity office uses mutually compatible with high-density residential uses. A selective list of retail trade, business service and personal care servic…

Zone name Office Residential Intensive
General category COMMERCIAL
Zone area 645.57 ac
Source Zoning Ordinance
Top alternative use upside
Neighborhood: shopping center $33.3M +17.7%
Office building $31.4M +10.7%
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