Property profile

1401 3rd N Ave Nashville, TN 37208

OFF-MARKET
Parking lots & garages
Property ID
US80-2899799
119,040 SF 1.95 ac lot Built 2016
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2016
Total area 119,040 SF
Lot 1.95 ac (84,942 SF)
Zoning code SP
APN 082-09-0-501-00
UPID US80-2899799

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building Apartment Rental Agency
  • Recording Studio
  • Advertising Agency Marketing & Advertising
  • IT Consulting Firm Tech Support Center

Location

1401 3rd N Ave Nashville, TN 37208-3268
Nashville metro Census 19402 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$100.76M
Blend (final) Blend
$72.49M

Owner & transaction history

since 2023
Last sale
$78.0M
4 recorded transactions
2023
$78.0M
2023
Price N/A
2018
Price N/A
1969
Price N/A

Zoning & alternative use

SP · Nashville, TN
Zoning description

SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to pr…

General category UNKNOWN
Top alternative use upside
Auto repair, garage $72.2M +5.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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