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Property profile & analytics
OFF-MARKET
Estimated value
$83,000,000
High-rise multifamily apartments
1390 Adams St Nashville, TN 37208-1792
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2904347
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
FRAME
Total area
283,224 SF
Lot
3.47 ac (151,153 SF)
Zoning code
MULTI-ZONE
APN
082-05-0-171-00
UPID
US80-2904347
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
-
Music City Apartments by 1stHomeRent Hotel & Motel Vacation Rental
-
parkingmgt.com Parking Lot & Garage
-
Dolly the Car Theater & Performing Art Venue Music Venue
-
Elegy Coffee Germantown Cafe & Coffee Shop
-
The Griff Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$83.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$70.60M
Blend (final)
Blend
$83.00M
Owner & transaction history
Gateway Tbr Hammer Mill LLC · 1 yrs held
Gateway Tbr Hammer Mill LLC
since 2024
Last sale
$83.0M
3 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$131.0M
+88.0%
Medical building
$98.8M
+41.9%
Office building
$82.7M
+18.7%
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
$83,000,000
ML approach
$83,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$69,665,000
Current use
RETAIL STORES
$130,975,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$98,835,000
Change: +42% · Conversion: Moderate
OFFICE BUILDING
$82,700,000
Change: +19% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$82,000,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$78,025,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$83.00M
Range $74.70M – $91.30M · ±10% · vs last sale $83.00M (Dec 19 2024)
Last sale anchor
$83.00M
Dec 19 2024
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
$293 / 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
$824,853
Tax year 2023
Assessed value
$25,348,880
Assessed 2023
Previous assessed
$25,348,880
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$3,612,000
Assessed improvement
$21,736,880
Land market value
$9,030,000
Improvement market value
$54,342,200
Total market value
$63,372,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
283,224 SF
Lot
3.47 ac (151,153 SF)
Zoning code
MULTI-ZONE
APN
082-05-0-171-00
UPID
US80-2904347
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$69.7M
RETAIL STORES
Est. value
$131.0M
MEDICAL BUILDING
Est. value
$98.8M
OFFICE BUILDING
Est. value
$82.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$82.0M
COMMERCIAL (GENERAL)
Est. value
$78.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
2
Lot
3.47 ac
Current owner
From public records · entity-resolved
Gateway Tbr Hammer Mill LLC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$83,000,000
Gateway Tbr Hammer Mill LLC
Gateway Tbr Hammer Mill LLC
Special Warranty Deed
$41,800,000 · Federal National Mortgage Associati
Jun 23, 2020
—
Gateway Tbr Hammer Mill LLC
—
Deed
related
$41,800,000 · Jones Lang Lasalle Multifamily
—
—
Gateway Tbr Hammer Mill LLC
—
Deed Of Trust
related
$41,800,000 · Jones Lang Lasalle Multifamily
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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