Back to Search
Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
2200 State St Nashville, TN 37203-2383
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1879503
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Total area
141,820 SF
Lot
0.8 ac (34,848 SF)
Zoning code
MUG-A
APN
092-15-0-080-00
UPID
US80-1879503
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cherner Properties Artemis Spf LLC · 4 yrs held
Cherner Properties Artemis Spf LLC
since 2021
Last sale
$38.0M
7 recorded transactions
Zoning & alternative use
MUG-A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$314,770
Tax year 2023
Assessed value
$9,673,336
Assessed 2023
Previous assessed
$13,740,640
-29.6% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,044,000
Assessed improvement
$7,629,336
Land market value
$5,110,000
Improvement market value
$19,073,341
Total market value
$24,183,341
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
2015
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
141,820 SF
Lot
0.8 ac (34,848 SF)
Zoning code
MUG-A
APN
092-15-0-080-00
UPID
US80-1879503
Jurisdiction
DAVIDSON
Zoning & alternative use
MUG-A · Nashville, TN
Zoning MUG-A · permitted uses
MUG-A · 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
2015
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Cherner Properties Artemis Spf LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8550 LEESBURG PIKE, VIENNA, VA 22182-2213
Ownership since
2021
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
Nov 3, 2021
$37,960,000
Cherner Properties Artemis Spf LLC
Spyglass Nashville Edge Msub LLC
Special Warranty Deed
—
Oct 18, 2019
$33,650
Spyglass-nashville Edge Msub L
I & G 2200 State INC
Grant Deed
$21,700,000 · Greystone Svcng Corp
Jul 27, 2017
—
I & G 2200 State INC
—
Deed
related
$39,000,000 · Miscellaneous Ins Co
Jul 2, 2014
—
I & G 2200 State INC
—
Grant Deed
related
$16,200,000 · Us Bk
Nov 13, 2013
$2,100,000
I & G 2200 State INC
Michael D Shmerling Partners G
Warranty Deed
—
Nov 13, 2013
—
I & G 2200 State INC
Michael D Shmerling Partners G
Quit Claim Deed
related
—
Oct 22, 2013
—
Michael D Shmerling Partners G
Baptist Health Care Ventures I
Quit Claim Deed
related
—
Oct 22, 2013
$957,000
Michael D Shmerling Partners G
Baptist Health Care Ventures I
Grant Deed
—
—
—
I & G 2200 State INC
—
Deed Of Trust
related
$39,000,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2200 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
