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Property profile & analytics
OFF-MARKET
Estimated value
$9,555,000
Office buildings
1520 Elm Hl Pike Nashville, TN 37210-3602
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3417286
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
44,727 SF
Lot
15.12 ac (658,627 SF)
Zoning code
IR
APN
106-00-0-148-00
UPID
US80-3417286
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
-
JR Automation Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.56M
Owner & transaction history
Fondren Hill Apartments LLC · 7 yrs held
Fondren Hill Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
IR · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,610,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,950,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$9.56M
Range $8.60M – $10.51M · ±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
$214 / 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
$167,238
Tax year 2023
Assessed value
$5,139,446
Assessed 2023
Previous assessed
$5,485,240
-6.3% YoY
Effective rate
3.25%
On assessed value
Assessed land
$680,400
Assessed improvement
$4,459,046
Land market value
$1,701,000
Improvement market value
$11,147,614
Total market value
$12,848,614
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
44,727 SF
Lot
15.12 ac (658,627 SF)
Zoning code
IR
APN
106-00-0-148-00
UPID
US80-3417286
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
MEDICAL BUILDING
Est. value
$15.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
15.12 ac
Current owner
From public records · entity-resolved
Fondren Hill Apartments LLC
Entity
Mailing address
PO BOX 13925, JACKSON, MS 39236-3925
Ownership since
2019
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 14, 2019
$14,100,000
Fondren Hill Apartments LLC
46th Street Investors
Trustees Deed
$9,200,000 · Miscellaneous Ins Co
Jul 24, 2015
$16,500,000
46th Street Investors
Mci Williams LLC
Grant Deed
—
Dec 30, 2014
—
Mci Williams LLC
—
Grant Deed
related
$7,000,000 · Pinnacle Bk
Mar 4, 2013
—
Mci Williams LLC
—
Deed Of Trust
related
$6,735,000 · Bank Of America
Jun 9, 2005
$10,000,000
Mci Williams LLC
Rts Wright Industries LLC
Grant Deed
$6,735,000 · Bank Of America
Dec 15, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 23, 1995
$1,500,000
Wright Industries INC
Wright,industrie
Grant Deed
related
—
—
—
46th Street Investors
—
Deed Of Trust
related
$4,350,000 · Miscellaneous Ins Co
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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