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Property profile & analytics
OFF-MARKET
Estimated value
$69,455,000
Office buildings
211 Commerce St Ste 100 Nashville, TN 37201-1802
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1611686
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Total area
244,913 SF
Lot
0.5 ac (21,780 SF)
Zoning code
MULTI-ZONE
APN
093-06-2-034-00
UPID
US80-1611686
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$50.33M
Comparable Approach
Comparable
$79.51M
Blend (final)
Blend
$69.46M
Owner & transaction history
Pnh Properties LLC · 2 yrs held
Pnh Properties LLC
since 2023
Last sale
$75.0M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$113.3M
+5.5%
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
$67,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$54,520,000
6.5%
$50,325,000
7%
$46,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$107,365,000
Current use
RETAIL STORES
$113,260,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$69.46M
Range $62.51M – $76.40M · ±10% · vs last sale $75.00M (Nov 30 2023)
Last sale anchor
$75.00M
Nov 30 2023
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
$284 / 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
$679,184
Tax year 2023
Assessed value
$20,074,000
Assessed 2023
Previous assessed
$20,100,000
-0.1% YoY
Effective rate
3.38%
On assessed value
Assessed land
$3,049,200
Assessed improvement
$17,024,800
Land market value
$7,623,000
Improvement market value
$42,562,000
Total market value
$50,185,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
11
Total area
244,913 SF
Lot
0.5 ac (21,780 SF)
Zoning code
MULTI-ZONE
APN
093-06-2-034-00
UPID
US80-1611686
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
OFFICE BUILDING Current
Est. value
$107.4M
RETAIL STORES
Est. value
$113.3M
OFFICE BUILDING Current
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
1999
Heating
YES
Cooling
Yes
Stories
11
Buildings
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Pnh Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
150 3RD AVE S STE #1700, NASHVILLE, TN 37201-2041
Ownership since
2023
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
Jan 6, 2026
—
Rebecca Anne Patterson
—
Deed
related
$5,000 · Firstbank
Nov 30, 2023
$75,000,000
Pnh Properties LLC
Yelocis Lincoln Commrce Spe LLC
Special Warranty Deed
—
Nov 3, 2021
—
Jeffrey C King
—
Deed
related
$1,010,500 · Firstbank
Mar 2, 2021
$50,250,000
Velocis Lincoln Commerce Spe LLC
Sun Life Assurance Company Of Canad
Special Warranty Deed
$51,898,500 · Prime Finance Short Duration Holdin
Jan 10, 2020
—
Prefco Fourteen LP
State Street Bk & Trust Co
Quit Claim Deed
related
—
Feb 24, 2016
—
Sun Life Assurance Co Of Canada
Sun 211 Commerce LLC
Quit Claim Deed
related
—
Mar 16, 2012
$47,130,000
Sun 211 Commerce LLC
Commerce Street Associates
Special Warranty Deed
—
Mar 16, 2012
—
Sun 211 Commerce LLC
Commerce Street Assoc
Quit Claim Deed
related
—
Mar 22, 2001
—
Inflow INC
—
Deed Of Trust
related
$75,000,000 · Bank Of Montreal
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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