Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    318 Lellyett Ave Nashville, TN 37209-4433
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    318 Lellyett Ave Nashville, TN 37209-4433

    View on Map
    • Warehouses
    • 1,800 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US80-1610001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 318 Lellyett Ave

    Year built
    1986
    Lot size
    0.13 lot acres
    Property size
    1,800 SF
    Zone code
    CS
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    091-13-0-349-00
    APU
    9113034900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.865
    Latitude
    36.1473
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,127
    $45,320
    $81,520
    $126,840
    -
    $113,300
    $203,800
    $317,100

    Comparable in this City

    • Value Estimation
      $4,025,000
      20,600 SF

      7330 Tolbert Rd

      MINI-WAREHOUSE, STORAGE • 20,600 SF
      7330 Tolbert Rd, Nashville, TN 37209
      View Details
    • Value Estimation
      $28,335,000
      125,419 SF

      505 Old Hickory Blvd

      MINI-WAREHOUSE, STORAGE • 125,419 SF
      505 Old Hickory Blvd, Nashville, TN 37209-5105
      View Details
    • Value Estimation by Request
      2,790 SF

      435 37th N Ave

      MINI-WAREHOUSE, STORAGE • 2,790 SF
      435 37th N Ave, Nashville, TN 37209-3729
      View Details
    • Value Estimation
      $1,900,000
      11,000 SF

      7305 Sonya Dr

      MINI-WAREHOUSE, STORAGE • 11,000 SF
      7305 Sonya Dr, Nashville, TN 37209-5116
      View Details
    • Value Estimation
      $1,800,000
      50,943 SF

      7149 Centennial Blvd

      MINI-WAREHOUSE, STORAGE • 50,943 SF
      7149 Centennial Blvd, Nashville, TN 37209-1020
      View Details
    • Value Estimation
      $750,000
      5,250 SF

      6025 Neighborly Ave

      MINI-WAREHOUSE, STORAGE • 5,250 SF
      6025 Neighborly Ave, Nashville, TN 37209-4422
      View Details

    Similar Nearby for Sale

    • $5,500,000
      8,000 SF

      Creative Office/Studio in The Nations

      Versatile commercial property in Nashville's vibrant Nations district.
      5101 Kentucky Ave, Nashville, TN 37209
      View Details
    • Contact for pricing
      2,296 SF

      Industrial Property with Lay-Down Yard

      Industrial property featuring a lay-down yard and secured fencing.
      7008 Westbelt Dr, Nashville, TN 37209
      View Details
    • $329,000

      Hilltop Lot with Sunset Views

      Private hilltop lot near Nashville West, potential for two homes.
      227 Marcia Ave, Nashville, TN 37209
      View Details
    • $210,000
      0.17 Acres

      Prime Residential Lot (50' x 150')!

      Prime Residential Lot (50' x 150')!
      928 32nd Ave N, Nashville, TN 37209
      View Details
    • $275,000
      0.34 Acres

      Prime Corner Lot Eligible for 2 Homes For Sale

      Prime Corner Lot Eligible for 2 Homes For Sale
      1125 38th Ave N, Nashville, TN 37209
      View Details
    • Contact for pricing

      Land on White Bridge Pike

      Land available on White Bridge Pike in Nashville, TN.
      249 White Bridge Pike, Nashville, TN 37209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,750 SF

      Industrial Space with Dock Doors

      70,750 SF industrial space featuring multiple loading options.
      7337 Cockrill Bend Blvd, Nashville, TN 37209
      View Details
    • Contact for pricing
      13,460 SF

      Robertson Avenue Flex Space Available

      Flex space with convenient access to major interstates and downtown.
      6115 Robertson Ave, Nashville, TN 37209
      View Details
    • Contact for pricing
      33,000 SF

      Industrial Space Near Airport

      Industrial warehouse space for lease near John C. Tune Airport.
      7131 Centennial Blvd, Nashville, TN 37209
      View Details
    • Contact for pricing

      Charlotte Avenue Showroom/Office/Warehouse Space

      6,750 SF showroom/office/light warehouse space on Charlotte Avenue.
      3727-3729 Charlotte Ave, Nashville, TN 37209
      View Details
    • Contact for pricing
      1,798,720 SF

      Nashville Warehouse Space Available

      Large industrial warehouse space for lease in Nashville, Tennessee.
      7228 Centennial Blvd, Nashville, TN 37209
      View Details
    • Contact for pricing
      21,204 SF

      Nashville Warehouse Space Available

      21,204 square foot warehouse space for lease in Nashville.
      121 Duluth Ave, Nashville, TN 37209
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    318 Lellyett Ave
    Nashville, TN 37209-4433
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!