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Property profile & analytics
OFF-MARKET
Estimated value
$10,900,000
High-rise multifamily apartments
2115 Portland Ave Nashville, TN 37212-3606
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0288110
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1924
Total area
86,221 SF
Lot
3.22 ac (140,263 SF)
Zoning code
MULTI-ZONE
APN
104-12-0-073-00
UPID
US80-0288110
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
$13.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.90M
Owner & transaction history
Hayes House Apartments LLC · 6 yrs held
Hayes House Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,980,000
6.5%
$13,825,000
7%
$12,840,000
Blend value · Realmo final
$10.90M
Range $9.81M – $11.99M · ±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
$126 / 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
$311,343
Tax year 2023
Assessed value
$9,568,000
Assessed 2023
Previous assessed
$9,568,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,624,000
Assessed improvement
$7,944,000
Land market value
$4,060,000
Improvement market value
$19,860,000
Total market value
$23,920,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1924
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
4
Total area
86,221 SF
Lot
3.22 ac (140,263 SF)
Zoning code
MULTI-ZONE
APN
104-12-0-073-00
UPID
US80-0288110
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.
Building & site characteristics
From public records
Year built
1924
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
3
Lot
3.22 ac
Current owner
From public records · entity-resolved
Hayes House Apartments LLC
Entity
Mailing address
6300 C ST SW, CEDAR RAPIDS, IA 52404-7470
Ownership since
2019
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
Aug 23, 2019
$51,300,000
Hayes House Apartments LLC
Nic Hillsboro Village LLC
Trustees Deed
$28,500,000 · Accordia Life & Annuity Co
Oct 1, 2013
$44,000,000
Nic Hillsboro Village LLC
Bell Br Hillsboro Village Jv L
Grant Deed
—
Oct 1, 2010
$25,800,000
Bell Br Hillsboro Village Jv LLC
Centennial Hillsboro Village LLC
Special Warranty Deed
$21,385,000 · Cbre Multifamily Capital INC
Oct 1, 2010
—
Bell Br Hillsboro Vlg Jv LLC
Centennial Hillsboro Vlg LLC
Quit Claim Deed
related
—
Feb 3, 2004
—
Principal Life Insurance Co
Principal Life Insurance
Quit Claim Deed
related
—
Jan 23, 2004
—
Principal Life Insurance Co
Post Apartment Homes
Grant Deed
related
—
Nov 16, 2000
—
Principal Life Insurance Co
Post Apartment Homes LP
Quit Claim Deed
related
—
Nov 9, 2000
$20,000,000
Principal Life Insurance Co
Post Apartment Homes LP
Grant Deed
—
Aug 27, 1996
$6,335,000
Post Apartment Homes LP
—
Grant 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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