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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Warehouses
1306 Lebanon Pike Nashville, TN 37210-3000
Entity Owned
Free & Clear
Property ID
US80-1090286
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
10,450 SF
Lot
2 ac (87,120 SF)
Zoning code
IR
APN
094-00-0-030-00
UPID
US80-1090286
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
-
nexAir Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.78M
Owner & transaction history
1306 Lebanon LLC
1306 Lebanon LLC
since 2026
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
IR · 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%
$1,635,000
6.5%
$1,505,000
7%
$1,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,015,000
Current use
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $2.00M (Feb 6 2026)
Last sale anchor
$2.00M
Feb 6 2026
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
$170 / 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
$12,489
Tax year 2023
Assessed value
$383,800
Assessed 2023
Previous assessed
$383,800
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$160,000
Assessed improvement
$223,800
Land market value
$400,000
Improvement market value
$559,500
Total market value
$959,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
10,450 SF
Lot
2 ac (87,120 SF)
Zoning code
IR
APN
094-00-0-030-00
UPID
US80-1090286
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · 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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
WAREHOUSE, STORAGE Current
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
1994
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
1306 Lebanon LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1350 CONCOURSE AVE STE #103, MEMPHIS, TN 38104-2018
Ownership since
2026
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
Apr 13, 2026
—
1306 Lebanon LLC
—
Deed
related
$226,000,000 · Parlex 2 Financial LLC
Feb 6, 2026
$2,000,000
1306 Lebanon LLC
Elemental Properties LLC
Special Warranty Deed
—
Jun 22, 2017
—
Elemental Properties LLC
—
Deed
related
$5,201,250 · First Tn Bk
Feb 2, 2015
$650,000
Elemental Properties LLC
Baxter Properties LP
Warranty Deed
—
Nov 6, 2000
$489,264
Baxter Properties LP
Holston Gases INC
Grant Deed
$2,840,374 · Suntrust Bank NA
Oct 29, 1993
$147,500
Holston Gases INC
Unknown
Grant Deed
—
Dec 1, 1992
$240,000
Nashville Truck Co INC
Unknown,
Grant Deed
—
—
—
Baxter Properties LP
—
Deed Of Trust
related
$10,500,000 · First Tennessee Bank National
—
—
Elemental Properties LLC
—
Deed Of Trust
related
$5,201,250 · First Tn Bk
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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