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Property profile & analytics
OFF-MARKET Estimated value $20,830,000
High-rise multifamily apartments

215 Reidhurst Ave Nashville, TN 37203

83,224 SF 0.28 ac lot Built 2013
Entity Owned 3-yr Hold Free & Clear
Property ID
US80-0283249
Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2013
Total area 83,224 SF
Lot 0.28 ac (12,197 SF)
Zoning code MUG-A
APN 092-15-0-057-00
UPID US80-0283249
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
$13.35M
Comparable Approach Comparable
$20.47M
Blend (final) Blend
$20.83M
Owner & transaction history
220 25th Ave N Ground Owner LLC · 3 yrs held
220 25th Ave N Ground Owner LLC
since 2022
Last sale
$21.5M
7 recorded transactions
2022
$21.5M
2022
$61.5M
2012
Price N/A
2011
Price N/A
2011
$3.3M
2001
$1.4M
1969
Price N/A
Zoning & alternative use
MUG-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Historic Eligibility. Only a nonresidential structure in the MUL, MUL-A, MUG, MUG-A, MUI, and MUI-A districts can be used for a warehouse and distributive business/wholesale use. The historical commission must have determined the structure is worthy of conservation, was constructed more than fifty years ago, and is being preserved with no additions, deletion…

Zone name Mixed Use General Alternative
General category MIXED_USE
Zone area 378.46 ac
Source Zoning Ordinance
Top alternative use upside
Medical building $29.0M +41.9%
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