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Property profile & analytics
OFF-MARKET
Hotels
230 4th N Ave Nashville, TN 37219-2102
Entity Owned
~
Est. High Equity
Property ID
US80-0677220
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1975
Total area
133,644 SF
Lot
0.49 ac (21,344 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-146-00
UPID
US80-0677220
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
-
Union Tavern Restaurant
-
CandleRay LLC Plumbing Service General Contractor
-
Ndw Legal Support Llc Law Firm
-
Wells Fargo ATM Atm
-
Wells Fargo Bank Bank Loan Service
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
Waltenn LLC
Waltenn LLC
since 2025
Last sale
$50.0M
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
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
$656,380
Tax year 2023
Assessed value
$19,400,000
Assessed 2023
Previous assessed
$19,400,000
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$3,046,400
Assessed improvement
$16,353,600
Land market value
$7,616,000
Improvement market value
$40,884,000
Total market value
$48,500,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1975
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
9
Total area
133,644 SF
Lot
0.49 ac (21,344 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-146-00
UPID
US80-0677220
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
1975
Heating
CENTRAL
Cooling
Yes
Stories
9
Buildings
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Waltenn LLC
Entity
Mailing address
401 CHURCH ST STE #2800, NASHVILLE, TN 37219-2217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
$50,000,000
Waltenn LLC
230 North LLC
Special Warranty Deed
$35,000,000 · Fifth Third Bank NA
Aug 20, 2018
—
230 North LLC
—
Deed
related
$38,662,000 · Acore Cap Mtg LP
Oct 16, 2017
—
230 North LLC
—
Loan Modification
related
$36,162,000 · Acore Cap Mtg LP
Nov 4, 2013
$6,300,000
230 North LLC
Nashville Investments Group Ll
Warranty Deed
—
Sep 10, 2013
—
Nashville Investments Group Ll
—
Trustees Deed
related
$53,010 · Brad Daniel
Jul 19, 2006
$5,570,000
Nashville Invs Group LLC
Fourth Avenue Investment Ptrs
Warranty Deed
$6,000,000 · First State Bank
Dec 30, 2004
$4,171,000
Fourth Avenue Investment Ptrs
J & G Realty Associates
Grant Deed
—
Dec 30, 2004
—
Fourth Avenue Investments Ptrs
J & G Realty Associates
Quit Claim Deed
related
$4,300,000 · Southtrust Bank NA
Aug 5, 1993
$2,400,000
J & G Realty Associates
Unknown
Grant Deed
—
Dec 8, 1992
$350,000
Resolution Trust Corp
Unknown,
Grant Deed
—
—
—
230 North LLC
—
Loan Modification
related
$38,662,000 · Acore Cap Mtg LP
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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