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Property profile & analytics
OFF-MARKET
Estimated value
$18,640,000
High-rise multifamily apartments
1710 Belcourt Ave Nashville, TN 37212-3752
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1362618
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
FRAME
Total area
80,995 SF
Lot
0.66 ac (28,750 SF)
Zoning code
MULTI-ZONE
APN
104-08-0-266-00
UPID
US80-1362618
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
-
Belcourt Park Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.62M
CAP Approach
CAP
$12.99M
Comparable Approach
Comparable
$18.48M
Blend (final)
Blend
$18.64M
Owner & transaction history
Tbr-l Belcourt Apt Owner LLC · 6 yrs held
Tbr-l Belcourt Apt Owner LLC
since 2020
Last sale
$20.5M
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$28.3M
+41.9%
Neighborhood: shopping center
$23.5M
+17.7%
Office building
$22.1M
+10.7%
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
$11,615,000
CAP Approach
CAP Return
Estimation
6%
$14,070,000
6.5%
$12,990,000
7%
$12,060,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,920,000
Current use
MEDICAL BUILDING
$28,265,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$23,450,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$22,055,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$18.64M
Range $16.78M – $20.50M · ±10% · vs last sale $20.50M (Mar 16 2020)
Last sale anchor
$20.50M
Mar 16 2020
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
$230 / 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
$215,930
Tax year 2023
Assessed value
$6,635,847
Assessed 2023
Previous assessed
$7,920,000
-16.2% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,064,000
Assessed improvement
$5,571,847
Land market value
$2,660,000
Improvement market value
$13,929,618
Total market value
$16,589,618
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
80,995 SF
Lot
0.66 ac (28,750 SF)
Zoning code
MULTI-ZONE
APN
104-08-0-266-00
UPID
US80-1362618
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
$19.9M
MEDICAL BUILDING
Est. value
$28.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.5M
OFFICE BUILDING
Est. value
$22.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
Tbr-l Belcourt Apt Owner LLC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2020
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
Mar 16, 2020
$20,500,000
Tbr-l Belcourt Apt Owner LLC
Gtom Belcourt LLC
Grant Deed
$33,500,000 · Miscellaneous Ins Co
Mar 9, 2017
—
Gtom Belcourt LLC
—
Grant Deed
related
$11,394,000 · Trustmark Nat'l Bk
Jan 29, 2016
$3,000,000
Gtom Belcourt LLC
Ahf Service Corp
Special Warranty Deed
$2,891,167 · Avenue Bank
Oct 2, 2015
—
Ahf Of Service Corp
Ahf Of Central States INC
Quit Claim Deed
related
—
Nov 20, 1989
$2,184,771
Ahf/central States INC
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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