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Property profile & analytics
OFF-MARKET
Estimated value
$15,000,000
Showrooms
1901 Lebanon Pike, Nashville, TN 37210-3229
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-2002142
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2004
Total area
25,296 SF
Lot
20.05 ac (873,378 SF)
Zoning code
IWD
APN
095-00-0-125-00
UPID
US80-2002142
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
-
Velocity Truck Centers - Nashville Isuzu Car Dealership
-
Cumberland Fire Apparatus & Equipment Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.66M
Blend (final)
Blend
$15.00M
Owner & transaction history
Vvg Real Estate Holdings LLC · 2 yrs held
Vvg Real Estate Holdings LLC
since 2024
Last sale
$15.0M
3 recorded transactions
Zoning & alternative use
IWD · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.3M
+12.6%
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
$15,000,000
ML approach
$15,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,620,000
Current use
AUTO REPAIR, GARAGE
$15,335,000
Change: +13% · Conversion: Difficult
RESTAURANT
$12,490,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$11,700,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$15.00M
Range $13.50M – $16.50M · ±10% · vs last sale $15.00M (Jun 6 2024)
Last sale anchor
$15.00M
Jun 6 2024
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
$593 / 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
$120,438
Tax year 2023
Assessed value
$3,701,240
Assessed 2023
Previous assessed
$3,701,240
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,117,920
Assessed improvement
$2,583,320
Land market value
$2,794,800
Improvement market value
$6,458,300
Total market value
$9,253,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
25,296 SF
Lot
20.05 ac (873,378 SF)
Zoning code
IWD
APN
095-00-0-125-00
UPID
US80-2002142
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Nashville, TN
Zoning IWD · permitted uses
IWD · 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
COMMERCIAL (GENERAL) Current
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$15.3M
RESTAURANT
Est. value
$12.5M
RETAIL STORES
Est. value
$11.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
20.05 ac
Current owner
From public records · entity-resolved
Vvg Real Estate Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2429 PECK RD, WHITTIER, CA 90601-1605
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
—
Vvg Real Estate Holdings LLC
Velocity Dealership Acquisition LLC
Quit Claim Deed
related
—
Dec 20, 2021
$15,000,000
Velocity Dealership Acquistiion LLC
Velocity Dealership LLC
Warranty Deed
$15,000,000 · Mercedes Benz Financial Services Us
Feb 25, 2009
—
Kile Investments LLC
Kile,philip L & Patricia K
Quit Claim Deed
related
—
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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