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Property profile & analytics
OFF-MARKET
Estimated value
$9,255,000
Parking lots & garages
1600 Mcgavock St, Nashville, TN 37203-3596
Individually Owned
~
Est. High Equity
Property ID
US80-1669235
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2016
Total area
91,136 SF
Lot
1.24 ac (54,014 SF)
Zoning code
MULTI-ZONE
APN
092-12-0-501-00
UPID
US80-1669235
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
-
Physical Fitness Program Nashville, TN | Best You, LLC Gym & Fitness Center
-
The Cadence Apartments Furnished Apartment Building Apartment Building
-
grand opeery hotel Hotel & Motel
-
Placemakr Music Row, Nashville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.71M
Blend (final)
Blend
$9.26M
Owner & transaction history
First Amer Vacation Ownership & Tr
First Amer Vacation Ownership & Tr
since 2025
Last sale
$7.7M
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
$9,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.26M
Range $8.33M – $10.18M · ±10% · vs last sale $7.68M (Aug 8 2025)
Last sale anchor
$7.68M
Aug 8 2025
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
$102 / 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
$599,095
Tax year 2023
Assessed value
$18,411,040
Assessed 2023
Previous assessed
$18,411,040
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$4,861,280
Assessed improvement
$13,549,760
Land market value
$12,153,200
Improvement market value
$33,874,400
Total market value
$46,027,600
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2016
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
91,136 SF
Lot
1.24 ac (54,014 SF)
Zoning code
MULTI-ZONE
APN
092-12-0-501-00
UPID
US80-1669235
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.
Building & site characteristics
From public records
Year built
2016
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
First Amer Vacation Ownership & Tr
Individual
Mailing address
1140 3RD ST NE FL, WASHINGTON, DC 20002-6274
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
$7,680,000
First Amer Vacation Ownership & Tr
Sports Resort Development LLC
Special Warranty Deed
—
Apr 24, 2025
$67,000,000
Timeshare Acquistions Nashville LLC
1600 Mcg Owner LLC
Special Warranty Deed
—
Aug 6, 2021
$57,900,000
1600 Mcg Owner LLC
16th Ave & Mcgavock Po LP
Special Warranty Deed
$40,600,000 · Vmc Lender 3 LLC
Sep 16, 2019
—
16th Ave & Mcgavock Po LP
—
Deed
related
$28,000,000 · Servisfirst Bk
Jun 29, 2015
—
16th Ave & Mcgavock Po LP
16th Ave & Mcgavock Po LP
Quit Claim Deed
related
—
Sep 5, 2014
—
16th Ave & Mcgavock Po Limited Part
John S Milam Optical Co
Quit Claim Deed
related
—
Sep 5, 2014
$6,190,000
16th Ave & Mcgavock Po Ltd Pts
John S Milam Optical Co
Grant Deed
—
—
—
John S Milam Optical Co
—
Deed Of Trust
related
$420,000 · John S III Milam
—
—
16th Ave & Mcgavock Po LP
—
Deed Of Trust
related
$28,000,000 · Servisfirst Bk
—
—
John S Milam Optical Co
—
Deed Of Trust
related
$750,000 · Pinnacle Bank
—
—
John S Milam Optical Co
—
Deed Of Trust
related
$100,000 · Amsouth Bank
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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