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Property profile & analytics
OFF-MARKET
Estimated value
$13,055,000
Warehouses
1508 Elm Hl Pike Nashville, TN 37210-3635
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-3354572
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
90,481 SF
Lot
22.28 ac (970,517 SF)
Zoning code
MULTI-ZONE
APN
106-00-0-172-00
UPID
US80-3354572
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
-
SES - Security Equipment Supply Security Service
-
Worldwide Express Freight Service Logistics Company
-
Designlight LLC Industrial Manufacturer
-
W-Music Distribution USA Production Facility
-
Framus & Warwick Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.05M
Comparable Approach
Comparable
$11.24M
Blend (final)
Blend
$13.06M
Owner & transaction history
Hp Park Investors LLC · 9 yrs held
Hp Park Investors LLC
since 2016
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$14,135,000
6.5%
$13,050,000
7%
$12,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,470,000
Current use
Blend value · Realmo final
$13.06M
Range $11.75M – $14.36M · ±10%
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
$144 / 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
$310,949
Tax year 2023
Assessed value
$9,555,906
Assessed 2023
Previous assessed
$11,383,480
-16.1% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,604,160
Assessed improvement
$7,951,746
Land market value
$4,010,400
Improvement market value
$19,879,364
Total market value
$23,889,764
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
2009
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
90,481 SF
Lot
22.28 ac (970,517 SF)
Zoning code
MULTI-ZONE
APN
106-00-0-172-00
UPID
US80-3354572
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
WAREHOUSE, STORAGE Current
Est. value
$17.5M
WAREHOUSE, STORAGE Current
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
22.28 ac
Current owner
From public records · entity-resolved
Hp Park Investors LLC
Entity
Mailing address
PO BOX 13925, JACKSON, MS 39236-3925
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Hp Park Investores LLC
—
Deed
related
$10,000,000 · Bank Of Yazoo City
Aug 3, 2016
$20,300,000
Hp Park Investors LLC
Summit Holladay Partners LLC I
Grant Deed
$12,062,860 · Miscellaneous Ins Co
Jul 23, 2008
—
Summit Holladay Partners LLC I
—
Trustees Deed
related
$10,500,000 · Pinnacle National Bank
Jun 3, 2008
$887,600
Summit Holladay Partners LLC I
Rts Wright Industries LLC
Grant Deed
—
Dec 15, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Summit Holladay Partners LLC I
—
Deed Of Trust
related
$7,300,000 · Ameritas Life Insurance Corp
—
—
Summit Holladay Partners LLC I
—
Deed Of Trust
related
$13,200,000 · Life Insurance Of Southwest
—
—
Summit Holladay Partners LLC I
—
Deed Of Trust
related
$3,838,602 · First Tn Bk
—
—
Summit Holladay Partners LLC I
—
Deed Of Trust
related
$6,900,000 · Ameritas Life Insurance Corp
—
—
Summit Holladay Partners LLC I
—
Deed Of Trust
related
$500,000 · Ameritas Life Insurance Corp
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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