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Property profile & analytics
FOR SALE
Industrial properties
1510 Fort Negley Blvd Nashville, TN 37203
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-1414336
For Sale
1 / 2
$1,025,000
1510 Fort Negley Blvd, Nashville, TN 37203
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1925
Total area
9,531 SF
Lot
3.16 ac (137,650 SF)
Zoning code
IR
APN
105-10-0-072-00
UPID
US80-1414336
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
-
United Rentals - Fluid Solutions: Pumps, Tanks, Filtration (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Cjmk Properties LLC · 10 yrs held
Cjmk Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
IR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+69.6%
Retail stores
$1.3M
+57.6%
Neighborhood: shopping center
$1.3M
+53.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$815,000
Current use
MEDICAL BUILDING
$1,385,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,255,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,185,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$108 / 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
$36,998
Tax year 2023
Assessed value
$1,137,000
Assessed 2023
Previous assessed
$1,137,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$660,720
Assessed improvement
$476,280
Land market value
$1,651,800
Improvement market value
$1,190,700
Total market value
$2,842,500
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
For Sale
Year built
1925
Heating
SPACE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
9,531 SF
Lot
3.16 ac (137,650 SF)
Zoning code
IR
APN
105-10-0-072-00
UPID
US80-1414336
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
INDUSTRIAL (GENERAL) Current
Est. value
$815,000
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1925
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.16 ac
Current owner
From public records · entity-resolved
Cjmk Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
939 OAK VLY LN, NASHVILLE, TN 37220-1125
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2016
—
Cjmk Properties LLC
Hiller,michelle B
Quit Claim Deed
related
—
Aug 7, 2007
—
Michelle B Hiller
Hiller,james P
Quit Claim Deed
related
—
Jan 14, 2005
$700,000
James P Hiller
1510 Ft Negley LLC
Warranty Deed
$727,600 · First Tennessee Bank NA
Jan 4, 1999
—
1510 Ft Negley LLC
Leon May Trustee
Quit Claim Deed
related
—
Dec 27, 1993
$350,000
May,leon Trustee
Unknown
Grant Deed
—
Apr 12, 1993
$425,000
Business Mens Assurance Co Of Am
Unknown,
Grant Deed
—
—
—
Hiller,james P & Michelle B
—
Loan Modification
related
$727,600 · First Tn Bk
—
—
James P Hiller
—
Deed Of Trust
related
$727,600 · First Tennessee Bank National
—
—
Cjmk Properties LLC
—
Loan Modification
related
$308,687 · First Tn Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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