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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Bars & Pubs
1921 Division St, Nashville, TN 37203-2705
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1458282
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1998
Total area
5,808 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MUI-A
APN
092-16-0-250-00
UPID
US80-1458282
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
-
Bonnaroo Rides Limousine Service
-
Clarksville Limousine Car Rental Facility
-
Kung Fu Saloon Bar & Pub
-
Clarksville Sedan Auto Repair Shop
-
Nashville Bachelor Parties Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$6.36M
Owner & transaction history
Five Mans Land LLC · 2 yrs held
Five Mans Land LLC
since 2024
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
MUI-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.0M
+407.9%
Restaurant
$6.1M
+210.1%
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
$6,360,000
ML approach
$6,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,980,000
Change: +408% · Conversion: Difficult
RESTAURANT
$6,095,000
Change: +210% · Conversion: Difficult
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±10% · vs last sale $6.36M (Jun 18 2024)
Last sale anchor
$6.36M
Jun 18 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
$1,095 / 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
$72,089
Tax year 2023
Assessed value
$2,215,400
Assessed 2023
Previous assessed
$2,215,400
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,350,000
Assessed improvement
$865,400
Land market value
$3,375,000
Improvement market value
$2,163,500
Total market value
$5,538,500
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,808 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MUI-A
APN
092-16-0-250-00
UPID
US80-1458282
Jurisdiction
DAVIDSON
Zoning & alternative use
MUI-A · Nashville, TN
Zoning MUI-A · permitted uses
MUI-A · 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)
Est. value
$10.0M
RESTAURANT
Est. value
$6.1M
COMMERCIAL (GENERAL)
RESTAURANT
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
Lot
0.34 ac
Current owner
From public records · entity-resolved
Five Mans Land LLC
Entity
Mailing address
187 FRNT ST STE #103, FRANKLIN, TN 37064-4808
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
$6,360,000
Five Mans Land LLC
Division Street LLC
Special Warranty Deed
$5,088,000 · Firstbank
Jan 26, 2023
—
Divison Street LLC
—
Deed
related
$1,000,000 · Firstbank
Apr 1, 2021
—
Division Street LLC
Michael Lohmann
Intrafamily Transfer
related
—
Mar 23, 2021
—
Michael Lohmann
Mack Props LLC
Quit Claim Deed
related
—
Jul 17, 2019
—
Mack Props LLC
—
Deed
related
$875,000 · Franklin Synergy Bank
May 9, 2019
—
Mack Props LLC
—
Deed
related
$768,075 · Franklin Synergy Bank
Apr 23, 2019
—
Mack Props LLC
—
Deed
related
$2,800,000 · Franklin Synergy Bank
Jul 31, 2015
$3,500,000
Mack Props LLC
Ess 1921 Division LLC
Special Warranty Deed
$3,000,000 · Avenue Bank
Dec 26, 2013
$1,300,000
Ess 1921 Division LLC
Grove Partners LLC
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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