Back to Search
Property profile & analytics
FOR LEASE
Commercial real estate
240 Great Circle Rd Nashville, TN 37228
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1414557
For Lease
1 / 10
$15 SF/Yr
240 Great Circle Rd, Nashville, TN 37228
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
85,757 SF
Lot
5.06 ac (220,414 SF)
Zoning code
IWD
APN
070-16-0-019-00
UPID
US80-1414557
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
-
IMI Material Handling Equipment Supplier
-
Alex Oeser Physician Medical Clinic
-
Mid America Specialty Services Construction Company General Contractor
-
Pilot Medical Inc Medical Supply Store
-
WiOpen Garage Door Repair & Install Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.03M
Comparable Approach
Comparable
$19.19M
Blend (final)
Blend
$14.59M
Owner & transaction history
Bpaz Holdings 6 LLC · 7 yrs held
Bpaz Holdings 6 LLC
since 2018
7 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%
$17,365,000
6.5%
$16,030,000
7%
$14,885,000
Blend value · Realmo final
$14.59M
Range $13.13M – $16.05M · ±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
$170 / 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
$89,442
Tax year 2023
Assessed value
$2,748,680
Assessed 2023
Previous assessed
$2,748,680
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,058,000
Assessed improvement
$1,690,680
Land market value
$2,645,000
Improvement market value
$4,226,700
Total market value
$6,871,700
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
1982
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
85,757 SF
Lot
5.06 ac (220,414 SF)
Zoning code
IWD
APN
070-16-0-019-00
UPID
US80-1414557
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
1982
Heating
SPACE
Cooling
Yes
Stories
1
Lot
5.06 ac
Current owner
From public records · entity-resolved
Bpaz Holdings 6 LLC
Entity
Mailing address
1111 BROADWAY STE #1670, OAKLAND, CA 94607-4007
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2018
$21,120,332
Bpaz Holdings 6 LLC
Icbp III Holdings Xv LLC
Grant Deed
$10,600,000 · Tiaa Fsb
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
Jan 1, 1998
—
Industrial LP First
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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.
