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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Parking lots & garages
168 3rd N Ave Nashville, TN 37201
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-1132110
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1920
Total area
16,065 SF
Lot
0.12 ac (5,227 SF)
Zoning code
MULTI-ZONE
APN
093-06-2-003-00
UPID
US80-1132110
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
-
Halal nash Restaurant
-
parkingmgt.com Parking Lot & Garage
-
Ozari Lot Parking Lot & Garage
-
Cohen Lot Parking Lot & Garage
-
Jose’s king of tacos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$500k
Owner & transaction history
Ari Holdings LLC · 13 yrs held
Ari Holdings LLC
since 2013
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$31 / 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
$25,323
Tax year 2023
Assessed value
$748,440
Assessed 2023
Previous assessed
$748,440
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$742,560
Assessed improvement
$5,880
Land market value
$1,856,400
Improvement market value
$14,700
Total market value
$1,871,100
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 LOT
Status
Off-Market
Year built
1920
Heating
YES
Cooling
CENTRAL
Stories
3
Total area
16,065 SF
Lot
0.12 ac (5,227 SF)
Zoning code
MULTI-ZONE
APN
093-06-2-003-00
UPID
US80-1132110
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TNZoning 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
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1920
Heating
YES
Cooling
Yes
Stories
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Ari Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2441 OLD HICKORY BLVD, NASHVILLE, TN 37221-3711
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Ari Holdings LLC
—
Deed
related
$1,025,000 · Mountain Commerce Bank
Jan 5, 2021
—
Ari Holdings LLC
—
Deed
related
$1,040,000 · Truist Bank
Jan 4, 2013
—
Ari Holdings LLC
Ozari,tamay
Quit Claim Deed
related
—
Feb 28, 1994
—
Ozari Tamay
Unknown,
Grant Deed
$107,000 · Harris A Gilbert Trustee
Feb 25, 1994
$214,000
Tamay Ozari
Unknown,
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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