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Property profile & analytics
OFF-MARKET
Estimated value
$6,295,000
Office buildings
132 2nd N Ave Nashville, TN 37201-1904
Entity Owned
Free & Clear
Property ID
US80-1723561
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
21,000 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DTC
APN
093-06-2-078-00
UPID
US80-1723561
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
$4.32M
Comparable Approach
Comparable
$7.17M
Blend (final)
Blend
$6.30M
Owner & transaction history
132 Second Avenue N LLC
132 Second Avenue N LLC
since 2025
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
DTC · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+12.6%
Retail stores
$9.7M
+5.5%
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%
$4,675,000
6.5%
$4,315,000
7%
$4,005,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,205,000
Current use
RESTAURANT
$10,370,000
Change: +13% · Conversion: Moderate
RETAIL STORES
$9,710,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$6.30M
Range $5.67M – $6.92M · ±10% · vs last sale $8.50M (May 7 2025)
Last sale anchor
$8.50M
May 7 2025
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
$300 / 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
$61,265
Tax year 2023
Assessed value
$1,810,760
Assessed 2023
Previous assessed
$1,810,760
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$817,920
Assessed improvement
$992,840
Land market value
$2,044,800
Improvement market value
$2,482,100
Total market value
$4,526,900
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
1900
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
21,000 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DTC
APN
093-06-2-078-00
UPID
US80-1723561
Jurisdiction
DAVIDSON
Zoning & alternative use
DTC · Nashville, TN
Zoning DTC · permitted uses
DTC · 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
$9.2M
RESTAURANT
Est. value
$10.4M
RETAIL STORES
Est. value
$9.7M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
1900
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
132 Second Avenue N LLC
Entity
Free & Clear · 0 yrs held
Mailing address
119 3RD AVE S, NASHVILLE, TN 37201-2001
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
$8,500,000
132 Second Avenue N LLC
132 North LLC
Special Warranty Deed
—
Apr 13, 2020
—
132 North LLC
—
Deed
related
$1,250,000 · Insbank
Aug 1, 2018
—
132 North LLC
First Thunderbolt INC
Quit Claim Deed
related
—
Aug 1, 2018
$5,750,000
132 North LLC
First Thunderbolt INC
Warranty Deed
$5,175,000 · Insbank
Jul 30, 2018
—
First Thunderbolt INC
132 2nd Avenue North LLC
Quit Claim Deed
related
—
Aug 20, 2003
—
132 2nd N LLC
132 Second Avenue Corp
Quit Claim Deed
related
$600,000 · Stanley E Strickland
Feb 4, 1994
$636,000
132 Second Avenue Corp
Unknown,
Grant Deed
—
Feb 4, 1994
$425,000
132 Second Avenue Corporation
Unknown,
Grant Deed
$550,500 · Lhp Partnership
Jun 23, 1988
$425,000
Housch,paul T Tr
Unknown
Grant Deed
—
—
—
132 2nd Avenue North LLC
—
Loan Modification
related
$625,000 · Pinnacle Bk
—
—
132 North LLC
—
Deed Of Trust
related
$1,250,000 · Insbank
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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