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Property profile & analytics
OFF-MARKET
Estimated value
$10,410,000
Parking lots & garages
2803 12th S Ave Nashville, TN 37204-2660
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-0920733
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1950
Total area
27,528 SF
Lot
0.89 ac (38,768 SF)
Zoning code
CS
APN
118-01-0-065-00
UPID
US80-0920733
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
-
Mejuri (Bike/Boat/Book/etc) Store
-
Oliver Peoples - Nashville Ophthalmologist (Bike/Boat/Book/etc) Store
-
Country Girls (Just Wanna Have Fun) Mural Resort
-
Brunetta Accessories Production Facility
-
parkingmgt.com Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.95M
Blend (final)
Blend
$10.41M
Owner & transaction history
Titan Development Company LLC · 4 yrs held
Titan Development Company LLC
since 2021
Last sale
$10.6M
1 recorded transaction
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.7M
+5.2%
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
$11,560,000
ML approach
$10,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$15,860,000
Current use
AUTO REPAIR, GARAGE
$16,685,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,815,000
Change: -13% · Conversion: Difficult
RESTAURANT
$13,590,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$12,730,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$10.41M
Range $9.37M – $11.45M · ±10% · vs last sale $10.60M (Oct 6 2021)
Last sale anchor
$10.60M
Oct 6 2021
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
$378 / 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
$59,212
Tax year 2023
Assessed value
$1,819,680
Assessed 2023
Previous assessed
$1,778,720
+2.3% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,628,240
Assessed improvement
$191,440
Land market value
$4,070,600
Improvement market value
$478,600
Total market value
$4,549,200
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
27,528 SF
Lot
0.89 ac (38,768 SF)
Zoning code
CS
APN
118-01-0-065-00
UPID
US80-0920733
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · 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
PARKING LOT Current
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$16.7M
COMMERCIAL (GENERAL)
Est. value
$13.8M
RESTAURANT
Est. value
$13.6M
RETAIL STORES
Est. value
$12.7M
PARKING LOT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1950
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Titan Development Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3625 N HALL ST STE #900, DALLAS, TX 75219-5147
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
$10,600,000
Titan Development Company LLC
Twentieth Century Real Estate Corp
Special Warranty 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.
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