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Property profile & analytics
OFF-MARKET
Estimated value
$163,710,000
High-rise multifamily apartments
1515 Demonbreun St Nashville, TN 37203-3153
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0242350
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Total area
499,187 SF
Lot
1.54 ac (67,082 SF)
Zoning code
MULTI-ZONE
APN
093-13-0-574-00
UPID
US80-0242350
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
-
Elements of Restoration Hardware & Home Improvement Construction Company
-
Panoramic Window Cleaning General Contractor Renovation Specialist
-
Hippohs Inc. Medical Clinic
-
Eagle Parking - Element Music Row Parking Lot & Garage
-
JDK Solutions, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$166.70M
Blend (final)
Blend
$163.71M
Owner & transaction history
Camden Music Row LLC · 5 yrs held
Camden Music Row LLC
since 2021
Last sale
$157.9M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$266.6M
+117.2%
Neighborhood: shopping center
$264.2M
+115.2%
Retail stores
$230.9M
+88.0%
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
$172,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$122,785,000
Current use
WAREHOUSE, STORAGE
$266,630,000
Change: +117% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$264,240,000
Change: +115% · Conversion: Difficult
RETAIL STORES
$230,850,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$174,200,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$163.71M
Range $147.34M – $180.08M · ±10% · vs last sale $157.94M (Jun 24 2021)
Last sale anchor
$157.94M
Jun 24 2021
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
$328 / 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
$2,128,531
Tax year 2023
Assessed value
$65,412,760
Assessed 2023
Previous assessed
$65,412,760
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$6,037,400
Assessed improvement
$59,375,360
Land market value
$15,093,500
Improvement market value
$148,438,400
Total market value
$163,531,900
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
19
Total area
499,187 SF
Lot
1.54 ac (67,082 SF)
Zoning code
MULTI-ZONE
APN
093-13-0-574-00
UPID
US80-0242350
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$122.8M
WAREHOUSE, STORAGE
Est. value
$266.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$264.2M
RETAIL STORES
Est. value
$230.9M
MEDICAL BUILDING
Est. value
$174.2M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
2016
Heating
CENTRAL
Cooling
Yes
Stories
19
Buildings
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Camden Music Row LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11 GREENWAY PLZ STE #2400, HOUSTON, TX 77046-1124
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
$157,943,500
Camden Music Row LLC
Demonbreun Street Apt Inestors LLC
Special Warranty Deed
—
Feb 24, 2014
$6,250,000
Demonbreun Street Apts Invtrs
Lui Nashville Roundabout LLC
Grant Deed
$64,713,748 · Demonbreun Street Apts Cap
Sep 27, 2012
$6,750,000
Demonbreun-fca LLC
612 Nashville Roundabout LLC
Grant Deed
—
Nov 18, 2009
$390,000
Lui Nashville Rooundabout LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 10, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 22, 2006
—
Rnr LLC
Lui Nashville Roundabout LLC
Quit Claim Deed
related
—
—
—
Demonbreun-fca LLC
—
Deed Of Trust
related
$21,910,000 · Wells Fargo Bank
—
—
Music Square Properties LLC
—
Deed Of Trust
related
$5,000,000 · Suntrust Bank NA
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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