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Property profile & analytics
OFF-MARKET
Estimated value
$10,360,000
High-rise multifamily apartments
2300 Old Matthews Rd Nashville, TN 37207-4383
Individually Owned
6-yr Hold
Free & Clear
Property ID
US80-2482357
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Total area
76,924 SF
Lot
6.12 ac (266,587 SF)
Zoning code
MULTI-ZONE
APN
071-01-0-190-00
UPID
US80-2482357
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
-
North Lights Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.36M
Owner & transaction history
Metropolitan Dev & Hsng Agc · 6 yrs held
Metropolitan Dev & Hsng Agc
since 2020
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
$135 / 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
Land market value
$1,470,000
Improvement market value
$39,517,200
Total market value
$40,987,200
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
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
76,924 SF
Lot
6.12 ac (266,587 SF)
Zoning code
MULTI-ZONE
APN
071-01-0-190-00
UPID
US80-2482357
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
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
6.12 ac
Current owner
From public records · entity-resolved
Metropolitan Dev & Hsng Agc
Individual
Free & Clear · 6 yrs held
Mailing address
701 S 6TH ST, NASHVILLE, TN 37206-3893
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
$3,000,000
Metropolitan Dev & Hsng Agc
North Lights LLC
Grant Deed
—
Jun 10, 2020
—
Ecg Trinity LP
—
Deed
related
$23,000 · Private Individual
Sep 20, 2019
$1,061,369
Lemons & Lemonade Edu Trust 20154
North Lights LLC
Grant Deed
—
Feb 6, 2019
$3,860,428
North Lights LLC
North Lights LLC
Grant Deed
related
—
Aug 22, 2017
—
North Lights LLC
Aerial Investment Prop LLC
Quit Claim Deed
related
—
Aug 31, 2012
—
Jeffrey W George
Greater Grace Temple Cmnty Chu
Deed In Lieu Of Foreclosure
related
—
Apr 5, 2010
$386,000
Greater Grace Temple Cmnty Ch
George,jeffrey
Warranty Deed
$347,400 · Jeffrey & Joann George
Jun 30, 2006
$365,000
Jeffrey George
Dixon,wayne C
Warranty Deed
—
—
—
Ecg Trinity LP
—
Deed Of Trust
related
$12,694,188 · Bank Of America
—
—
Ecg Trinity LP
—
Deed Of Trust
related
$23,000 · Private Individual
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.
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