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Property profile & analytics
OFF-MARKET
Estimated value
$14,080,000
High-rise multifamily apartments
2608 8th S Ave Nashville, TN 37204-2584
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0981407
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Total area
121,444 SF
Lot
1.22 ac (53,143 SF)
Zoning code
4ZZ
APN
118-02-0-264-00
UPID
US80-0981407
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
-
Regions Bank Bank Loan Service
-
ATM (Regions Bank) Atm
-
Vanderbilt Primary Care Melrose Medical Clinic
-
William Serafin, M.D. Physician
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.08M
Owner & transaction history
Melrose II S Tic LLC · 1 yrs held
Melrose II S Tic LLC
since 2025
7 recorded transactions
Zoning & alternative use
4ZZ · Nashville, TN
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%
$21,100,000
6.5%
$19,475,000
7%
$18,085,000
Blend value · Realmo final
$14.08M
Range $12.67M – $15.49M · ±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
$116 / 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
$346,030
Tax year 2023
Assessed value
$11,842,240
Assessed 2023
Previous assessed
$11,842,240
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,381,720
Assessed improvement
$10,460,520
Land market value
$3,454,300
Improvement market value
$26,151,300
Total market value
$29,605,600
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
2018
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
121,444 SF
Lot
1.22 ac (53,143 SF)
Zoning code
4ZZ
APN
118-02-0-264-00
UPID
US80-0981407
Jurisdiction
DAVIDSON
Zoning & alternative use
4ZZ · Nashville, TNZoning 4ZZ · permitted uses
4ZZ · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
2018
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Melrose II S Tic LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Melrose II S Tic LLC
Sba Connectivity Solutions LLC
Deed
—
Jun 4, 2021
$9,004,387
Mtc Apartments Montage Ca Invr LLC
Melrose II S Tic LLC
Special Warranty Deed
—
May 21, 2021
—
Melrose II Tic LLC
Cottonwood Kirkwood LLC
Quit Claim Deed
related
—
Aug 26, 2016
—
Cottonwood-kirkwood LLC
Kirkwood At Melrose LLC
Quit Claim Deed
related
$19,000,000 · Capstar Bk
Feb 27, 2012
$650,000
Kirkwood At Melrose LLC
Trotter Ann J Family Trust
Grant Deed
$600,000 · Capstar Bank
Feb 27, 2012
—
Trotter Ann J Family Trust
Trotter Ann J Trust
Quit Claim Deed
related
—
May 1, 2006
—
Douglass C Jeffords
Jeffords,douglass C
Quit Claim Deed
related
—
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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