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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Office buildings
40 Burton Hls Blvd Nashville, TN 37215-6199
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US80-0092389
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
157,746 SF
Lot
4.29 ac (186,872 SF)
Zoning code
R15
APN
131-06-0A-017-00
UPID
US80-0092389
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Burton Hills IV Invs INC · 20 yrs held
Burton Hills IV Invs INC
since 2005
7 recorded transactions
Zoning & alternative use
R15 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$27 / 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
$572,704
Tax year 2023
Assessed value
$17,600,000
Assessed 2023
Previous assessed
$17,600,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,242,480
Assessed improvement
$15,357,520
Land market value
$5,606,200
Improvement market value
$38,393,800
Total market value
$44,000,000
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
2002
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
157,746 SF
Lot
4.29 ac (186,872 SF)
Zoning code
R15
APN
131-06-0A-017-00
UPID
US80-0092389
Jurisdiction
DAVIDSON
Zoning & alternative use
R15 · Nashville, TN
Zoning R15 · permitted uses
R15 · 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
2002
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Lot
4.29 ac
Current owner
From public records · entity-resolved
Burton Hills IV Invs INC
Entity
Mailing address
PO BOX 6580, RALEIGH, NC 27628-6580
Ownership since
2005
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
Sep 1, 2005
$29,000,000
Burton Hills IV Invs INC
Burton Hills IV Partners
Grant Deed
$21,750,000 · Metropolitan Life Insurance
Dec 29, 2000
$3,250,000
Burton Hills Partners IV
Phycor INC
Grant Deed
$2,486,250 · Southtrust Bank NA
Apr 30, 1998
$4,500,000
Citicorp Del-lease INC
Cornerstone Suburban Office LP
Grant Deed
$100,000,000 · State Street Bank & Trust Ttee
Apr 28, 1998
$4,500,000
Citicorp Del Lease INC
Citicorp Del Lea
Grant Deed
related
—
Jan 31, 1997
$2,636,689
Suburban Offic Cornerstone
—
Grant Deed
related
—
Apr 29, 1993
$3,857,346
Realty L P Mertech
Unknown,
Grant Deed
—
—
—
Burton Hills IV Invs INC
—
Deed Of Trust
related
$18,500,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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