Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Industrial land
2315 Felicia St Nashville, TN 37209
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-0592275
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1940
Total area
17,841 SF
Lot
0.4 ac (17,424 SF)
Zoning code
MUG-A
APN
092-11-0-090-03
UPID
US80-0592275
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
$1.62M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.49M
Owner & transaction history
Psg 82 LLC · 6 yrs held
Psg 82 LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
MUG-A · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+60.8%
Retail stores
$2.0M
+32.2%
Warehouse, storage
$1.8M
+20.5%
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
$1,690,000
ML approach
$1,615,000
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,530,000
Current use
MEDICAL BUILDING
$2,460,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$2,025,000
Change: +32% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,845,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$1,665,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.25M (Feb 26 2020)
Last sale anchor
$1.25M
Feb 26 2020
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
$84 / 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
$17,009
Tax year 2023
Assessed value
$522,720
Assessed 2023
Previous assessed
$522,720
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$522,720
Land market value
$1,306,800
Total market value
$1,306,800
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1940
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
17,841 SF
Lot
0.4 ac (17,424 SF)
Zoning code
MUG-A
APN
092-11-0-090-03
UPID
US80-0592275
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Psg 82 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
84 ALTENTANN, NASHVILLE, TN 37215-5816
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
—
Cottage Partners LLC
—
Deed
related
$1,500,000 · First National Bank
Feb 22, 2021
—
Cottage Partners LLC
—
Deed
related
$800,000 · Citizens Bank
Feb 26, 2020
$625,000
Psg 82 LLC
Mid Atlantic Corps LLC
Warranty Deed
—
Feb 26, 2020
$1,250,000
Cottage Partners LLC
Psg 82 LLC
Warranty Deed
$1,000,000 · Franklin Synergy Bank
Feb 26, 2020
—
Psg 82 LLC
Mid Atlantic Products LLC
Quit Claim Deed
related
—
Dec 20, 2017
—
Mid Atlantic Corps LLC
Groves Howard
Grant Deed
related
—
Dec 3, 2010
$20,000
Mid Atlantic Products LLC
Phelps,jim
Warranty Deed
—
Jun 22, 2009
—
Jim Phelps
Meeks Robert
Quit Claim Deed
related
—
Mar 3, 2008
—
Robert G Meeks
Meeks,brenda S
Quit Claim Deed
related
—
Jun 27, 2003
$40,000
Robert G Meeks
Garnet Enterprises
Quit Claim Deed
related
—
Jun 17, 1990
$68,000
Garnet Enterprises
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
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 2315 Felicia 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.
