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Property profile & analytics
FOR LEASE
Commercial real estate
220 Great Circle Rd Nashville, TN 37228
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0813274
For Lease
1 / 10
$18 SF/Yr
220 Great Circle Rd, Nashville, TN 37228
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Total area
82,578 SF
Lot
5.32 ac (231,739 SF)
Zoning code
IWD
APN
071-13-0-013-00
UPID
US80-0813274
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
-
ERT One Call Construction Company
-
IT Voice of Nashville Tennessee Electronics & Wireless Store
-
XCI Building Services LLC Corporate Office
-
E T Lowe Publishing Co Publishing House Printing Service
-
Remote Audio Electronics & Wireless Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$9.73M
Owner & transaction history
Ic Bp III Holdings Xv LLC · 10 yrs held
Ic Bp III Holdings Xv LLC
since 2016
6 recorded transactions
Zoning & alternative use
IWD · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.73M
Range $8.76M – $10.70M · ±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
$118 / 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
$72,543
Tax year 2023
Assessed value
$2,229,360
Assessed 2023
Previous assessed
$2,229,360
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,112,360
Assessed improvement
$1,117,000
Land market value
$2,780,900
Improvement market value
$2,792,500
Total market value
$5,573,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1978
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
82,578 SF
Lot
5.32 ac (231,739 SF)
Zoning code
IWD
APN
071-13-0-013-00
UPID
US80-0813274
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Nashville, TN
Zoning IWD · permitted uses
IWD · 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
1978
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.32 ac
Current owner
From public records · entity-resolved
Ic Bp III Holdings Xv LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1111 BROADWAY STE #1670, OAKLAND, CA 94607-4007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2016
$1,310,000
Ic Bp III Holdings Xv LLC
Ssms Trademark LLC
Grant Deed
—
Jul 23, 2012
—
Ssms Trademark LLC
Self Service Mini Storage
Grant Deed
related
$8,000,000 · Lincoln National Life Ins
Jun 30, 1997
$9,697,000
Storage Mini Storage Self
—
Grant Deed
related
—
Jul 6, 1994
$8,728,663
Industrial Financing Prt First
Unknown,
Grant Deed
related
$12,911,162 · Nomura Asset Capital
May 23, 1994
$8,728,663
Industrial Financing Prtsh First
Unknown,
Grant Deed
related
—
Dec 29, 1988
$6,350,000
Great Circle Investments Ltd Par
Unknown
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.
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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