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Property profile & analytics
OFF-MARKET
Estimated value
$26,680,000
Parking lots & garages
378 Wales Dr Nashville, TN 37211
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1667627
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.25 ac (10,890 SF)
Zoning code
R6
APN
147-08-0-243-00
UPID
US80-1667627
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.68M
Owner & transaction history
Highlands Ventures LLC · 2 yrs held
Highlands Ventures LLC
since 2024
Last sale
$26.7M
2 recorded transactions
Zoning & alternative use
R6 · 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
$26,680,000
ML approach
$26,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.68M
Range $24.01M – $29.35M · ±10% · vs last sale $26.68M (Jun 4 2024)
Last sale anchor
$26.68M
Jun 4 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
—
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
$741
Tax year 2023
Assessed value
$22,760
Assessed 2023
Previous assessed
$22,760
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$14,840
Assessed improvement
$7,920
Land market value
$37,100
Improvement market value
$19,800
Total market value
$56,900
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 LOT
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Stories
1
Lot
0.25 ac (10,890 SF)
Zoning code
R6
APN
147-08-0-243-00
UPID
US80-1667627
Jurisdiction
DAVIDSON
Zoning & alternative use
R6 · Nashville, TN
Zoning R6 · permitted uses
R6 · 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
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Highlands Ventures LLC
Entity
Mailing address
222 ROCKAWAY TPKE STE #3, CEDARHURST, NY 11516-1833
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$26,680,000
Highlands Ventures LLC
Highlands Equities LLC
Special Warranty Deed
$18,676,000 · Berkadia Commercial Mortgage LLC
May 13, 2015
$9,500,000
4646 Nolensville Pike LLC
Pe Highlands Gp
Special Warranty Deed
$1,513,000 · Centerline Mortgage Capital INC
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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