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Property profile & analytics
FOR SALE
High-rise multifamily apartments
214 3Rd Ave N Nashville, TN 37201
Entity Owned
12-yr Hold
Property ID
US80-0932293
For Sale
1 / 3
$7,950,000
214 3Rd Ave N, Nashville, TN 37201
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1900
Total area
11,742 SF
Lot
0.05 ac (2,178 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-174-00
UPID
US80-0932293
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
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Greenlee Investments LLC · 12 yrs held
Greenlee Investments LLC
since 2014
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%
$2,040,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,890,000
Current use
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$150 / 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
$48,442
Tax year 2023
Assessed value
$1,431,760
Assessed 2023
Previous assessed
$1,431,760
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$329,560
Assessed improvement
$1,102,200
Land market value
$823,900
Improvement market value
$2,755,500
Total market value
$3,579,400
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
For Sale
Year built
1900
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
11,742 SF
Lot
0.05 ac (2,178 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-174-00
UPID
US80-0932293
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
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
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
1900
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Greenlee Investments LLC
Entity
Mailing address
214 3RD AVE N UNIT #301, NASHVILLE, TN 37201-1636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Greenlee Investments LLC
—
Deed
related
$1,750,000 · Servisfirst Bk
Jan 10, 2014
$2,300,000
Greenlee Investments LLC
Randall P Higgs
Warranty Deed
—
Mar 20, 2007
—
Randal P Higgs
Higgs,randal P
Quit Claim Deed
related
—
Sep 14, 2006
$600,000
Randal P Higgs
Niewold,charles R & Laura
Warranty Deed
—
Jun 21, 1991
$60,000
Donald D Et Al Hildebrand
Unknown
Grant Deed
—
—
—
Randal P Higgs
—
Deed Of Trust
related
$1,740,000 · Community First Bank
—
—
Randal P Higgs
—
Deed Of Trust
related
$1,740,000 · Community First Bank
—
—
Greenlee Investments LLC
—
Deed Of Trust
related
$1,750,000 · Servisfirst Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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