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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Warehouses
1500 2nd N Ave Nashville, TN 37208-1710
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0539666
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Total area
6,693 SF
Lot
0.66 ac (28,750 SF)
Zoning code
IR
APN
082-05-0-133-00
UPID
US80-0539666
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
-
The Cooks' Kitchen Industrial Manufacturer Production Facility
-
Class Glass LLC Construction Company General Contractor
-
funky eatery catering events & private chef Catering Service Take-out & Catering
-
Retro Sno Bakery Take-out & Catering
-
Steric Design, LLC Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.94M
Owner & transaction history
Byline Property Owner LLC · 3 yrs held
Byline Property Owner LLC
since 2023
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+96.2%
Medical building
$2.3M
+48.1%
Office building
$2.0M
+23.9%
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
$2,100,000
ML approach
$2,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,575,000
Current use
RETAIL STORES
$3,095,000
Change: +96% · Conversion: Moderate
MEDICAL BUILDING
$2,335,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,940,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,845,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $1.84M (Jul 3 2023)
Last sale anchor
$1.84M
Jul 3 2023
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
$290 / 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
$30,624
Tax year 2023
Assessed value
$941,120
Assessed 2023
Previous assessed
$750,640
+25.4% YoY
Effective rate
3.25%
On assessed value
Assessed land
$938,000
Assessed improvement
$3,120
Land market value
$2,345,000
Improvement market value
$7,800
Total market value
$2,352,800
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
1950
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,693 SF
Lot
0.66 ac (28,750 SF)
Zoning code
IR
APN
082-05-0-133-00
UPID
US80-0539666
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
$1.6M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE 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
1950
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Byline Property Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1140 VIRGINIA DR, FORT WASHINGTON, PA 19034-3204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Byline Property Owner LLC
Toll Southeast LP Company INC
Quit Claim Deed
related
—
Feb 13, 2020
$3,735,917
Thrive Van Buren LLC
Thrive Van Buren LLC
Grant Deed
—
Jan 22, 2020
$1,837,500
Thrive Van Buren LLC
Cason A Dickinson
Grant Deed
—
Jan 22, 2020
—
Thrive Van Buren LLC
Cason A Dickinson
Quit Claim Deed
related
—
Jan 25, 2010
$55,000
Cason Dickinson
Owner Name Unavailable
Grant Deed
related
—
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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