1400 Brick Church Pike Nashville, TN 37207-5040
This exceptional 111-unit apartment building, Trinity Lofts, presents a compelling value-add investment opportunity in Nashville, Tennessee. Located at 1400 Brick Church Pike, this Class B property boasts 34,632 square feet across two stories, situated on a 1.61-acre lot. Built in 1986 and extensively renovated in 2022 with a $4.545 million investment, the property offers a modern product with Class-A finishes. Currently operating at 90% occupancy, Trinity Lofts benefits from its strategic location approximately 1.5 miles from the highly sought-after East Bank/River North neighborhoods and less than five minutes from Oracle's $1.35 billion campus development. The property's proximity to major employment hubs and thoroughfares, coupled with its attractive micro-unit design, caters to the growing demand for affordable housing in a thriving market. Within a 3-mile radius, over 79,844 employees in service, production, and manufacturing industries reside, boasting an average household income exceeding $75,159. The micro-unit concept provides affordability and efficiency, appealing to single tenants or couples seeking a convenient location without the high cost of downtown living. This translates to shorter vacancy periods and a steadier income stream for the owner. The property is zoned SP and offers a compelling blend of stability and growth potential within Nashville's dynamic real estate market.
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Trinity Lofts Apartment Building
CL, Commercial Limited District. The CL district is designed to provide for a limited range of commercial uses primarily concerned with retail trade and consumer services, general and fast food restaurants, financial institutions, administrative and consulting offices. This district may be used in areas policied for concentrations of mixed commercial develop…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CL · Nashville, TNCL, Commercial Limited District. The CL district is designed to provide for a limited range of commercial uses primarily concerned with retail trade and consumer services, general and fast food restaurants, financial institutions, administrative and consulting offices. This district may be used in areas policied for concentrations of mixed commercial development, super community or regional scale retail concentrations, or in the vicinity of major intersections within existing arterial commercial areas. The uses in this district serve a moderately wide market area, and therefore ease of automobile access is requisite. 3. CS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custom assembly, restaurants, entertainment and amusement establishments, financial, consulting and administrative services. This district may be used in areas policied for concentrations of mixed commercial community development, at selected locations within super community retail concentrations and regional activity centers, or in the vicinity of major intersections within existing arterial commercial areas. Business establishments in the CS district often serve a wide market area, and ease of automobile access is requisite. However, it is not intended that this district permit uses which generate truck traffic other than the stocking of products. Because of the diverse nature of uses found in this district, bulk and buffering standards are designed to protect neighboring areas. 4. CA, Commercial Attraction District. The CA district provides a diverse range of amusement and recreational uses in association with overnight accommodations and a variety of retail and support services typically affiliated with the tourist industry. Bulk and parking standards are designed to reflect the high traffic generation rates commonly associated with uses found in this district. The CA district may be appropriate for selected areas policied for a regional activity center, or for concentrations of mixed commercial development. This district also may have limited application within super community scale retail concentrations, and in the vicinity of major intersections within existing arterial commercial areas. 5. CF, Core Frame District. The CF district is intended to implement the general plan's central business district land use policies for support services.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
