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Property profile & analytics
OFF-MARKET
Estimated value
$19,000,000
Office buildings
2806 Azalea Pl Nashville, TN 37204-3118
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0288684
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1941
Construction
FRAME
Total area
2,295 SF
Lot
0.26 ac (11,326 SF)
Zoning code
4ZZ
APN
118-07-0-144-00
UPID
US80-0288684
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
-
The Blackbird Academy Vocational School Training Center
-
Jam Productions Inc Recording Studio
-
Blackbird Studio Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.00M
Owner & transaction history
Jam Productions INC · 2 yrs held
Jam Productions INC
since 2024
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
4ZZ · 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
$19,000,000
ML approach
$19,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.00M
Range $17.10M – $20.90M · ±10% · vs last sale $19.00M (Feb 15 2024)
Last sale anchor
$19.00M
Feb 15 2024
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
$8,279 / 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
$16,176
Tax year 2023
Assessed value
$553,600
Assessed 2023
Previous assessed
$553,600
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$203,880
Assessed improvement
$349,720
Land market value
$509,700
Improvement market value
$874,300
Total market value
$1,384,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1941
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
2,295 SF
Lot
0.26 ac (11,326 SF)
Zoning code
4ZZ
APN
118-07-0-144-00
UPID
US80-0288684
Jurisdiction
DAVIDSON
Zoning & alternative use
4ZZ · Nashville, TN
Zoning 4ZZ · permitted uses
4ZZ · 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
1941
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jam Productions INC
Entity
Free & Clear · 2 yrs held
Mailing address
2806 AZALEA PL, NASHVILLE, TN 37204-3118
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 15, 2024
$19,000,000
Jam Productions INC
Jam Productions INC
Special Warranty Deed
—
Oct 28, 2002
—
Jam Productions INC
Mcbride,john & Martina
Quit Claim Deed
related
—
Jan 16, 2002
$500,000
John Mcbride
Creative Recording INC
Grant Deed
$420,000 · Suntrust Bank NA
Oct 31, 1996
$250,000
Recording Creative
Unknown
Grant Deed
$30,000 · Sharon Bankshares
—
—
Jam Productions INC
—
Loan Modification
related
$9,350,000 · Independence Bk/ky
—
—
Creative Recording INC
—
Deed Of Trust
related
$426,808 · Union Planters National Bank
—
—
Creative Recording Onc
—
Deed Of Trust
related
$406,889 · 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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