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Property profile & analytics
OFF-MARKET
Estimated value
$25,860,000
High-rise multifamily apartments
1229 Caldwell Ave Nashville, TN 37212-3918
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3375221
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1930
Total area
242,835 SF
Lot
1.96 ac (85,378 SF)
Zoning code
RM20
APN
105-09-0-112-00
UPID
US80-3375221
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.86M
Owner & transaction history
Belmont R/e Holdings I LLC · 16 yrs held
Belmont R/e Holdings I LLC
since 2009
7 recorded transactions
Zoning & alternative use
RM20 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$106 / 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
$680,759
Tax year 2023
Assessed value
$20,920,680
Assessed 2023
Previous assessed
$151,200
+13,736.4% YoY
Effective rate
3.25%
On assessed value
Assessed land
$241,920
Assessed improvement
$20,678,760
Land market value
$604,800
Improvement market value
$51,696,900
Total market value
$52,301,700
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
1930
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
8
Bathrooms
2
Total area
242,835 SF
Lot
1.96 ac (85,378 SF)
Zoning code
RM20
APN
105-09-0-112-00
UPID
US80-3375221
Jurisdiction
DAVIDSON
Zoning & alternative use
RM20 · Nashville, TN
Zoning RM20 · permitted uses
RM20 · 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.
Building & site characteristics
From public records
Year built
1930
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Belmont R/e Holdings I LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1900 BELMONT BLVD, NASHVILLE, TN 37212-3758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2009
—
Belmont R/e Holdings I LLC
Jordan J D
Quit Claim Deed
related
—
Nov 6, 2003
$2,165,000
Jordan,j D Tr
Green,ann H
Grant Deed
—
Mar 31, 2000
$194,000
Robert L Emans
Aung,sandra
Grant Deed
$54,000 · Capital Bank & Trust Co
Feb 22, 1996
$78,500
William Harkey
—
Grant Deed
related
—
Feb 16, 1996
$78,500
Sandra Aung
Harkey,william
Grant Deed
$24,747 · Watts Mitchell A Trustee
Dec 28, 1993
$10,000
William Harkey
Unknown
Grant Deed
—
—
—
Robert L Emans
—
Deed Of Trust
related
$53,000 · Capital Bank & Trust Co
—
—
Ann H Green
—
Deed Of Trust
related
$130,458 · Capital Bank & Trust Co
—
—
Sandra Aung
—
Deed Of Trust
related
$105,000 · Pnc Mortgage Corp America
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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