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Property profile & analytics
FOR LEASE
Parking lots & garages
404 James Robertson Pkwy Nashville, TN 37201
Entity Owned
~
Est. High Equity
Property ID
US80-3510554
For Lease
1 / 3
$6,585,000
404 James Robertson Pkwy, Nashville, TN 37201
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1968
Total area
250,480 SF
Lot
0.71 ac (30,928 SF)
Zoning code
MULTI-ZONE
APN
093-02-0-009-00
UPID
US80-3510554
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
-
Benjamin Winters Law Firm
-
FedEx Drop Box Postal Service Courier Service
-
Office of the Post-Conviction Defender State Government Office
-
PARKWAY TOWERS GARAGE Parking Lot & Garage
-
Howdeshell Chess Club Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.59M
Owner & transaction history
Trep 404 Parkway Jeg LLC
Trep 404 Parkway Jeg LLC
since 2026
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · 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
$7,620,000
ML approach
$7,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10% · vs last sale $5.85M (Dec 15 2025)
Last sale anchor
$5.85M
Dec 15 2025
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
$26 / 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
$434,491
Tax year 2023
Assessed value
$13,352,520
Assessed 2023
Previous assessed
$13,352,520
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,530,480
Assessed improvement
$11,822,040
Land market value
$3,826,200
Improvement market value
$29,555,100
Total market value
$33,381,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Year built
1968
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
9
Total area
250,480 SF
Lot
0.71 ac (30,928 SF)
Zoning code
MULTI-ZONE
APN
093-02-0-009-00
UPID
US80-3510554
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
1968
Heating
NONE
Cooling
Yes
Stories
9
Buildings
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Trep 404 Parkway Jeg LLC
Entity
Mailing address
4198 COX RD STE #200, GLEN ALLEN, VA 23060-3328
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
$14,092,862
Trep 404 Parkway Jeg LLC
Iri II 404 Jrp LLC
Special Warranty Deed
$2,274,426
Dec 15, 2025
$786,466
Trep 404 Parkway LLC
Trk 404 Jrp LLC
Special Warranty Deed
—
Dec 15, 2025
$3,088,189
Trep 404 Parkway LLC
Lcr 404 Jrp LLC
Special Warranty Deed
—
Dec 15, 2025
$5,852,627
Trep 404 Parkway LLC
Iri II 404 Jrp LLC
Special Warranty Deed
—
Dec 31, 2024
$12,500,000
Iri II 404 Jrp LLC
404 James Robertson Prop LLC
Special Warranty Deed
—
Jun 16, 2022
$8,250,000
300 James Roberston Prop LLC
Court Square Investments LLC
Special Warranty Deed
—
Sep 29, 2021
—
Shane Hidalgo Ocon
—
Deed
related
$10,928 · Tennessee Housing Development Agency
Nov 1, 2019
$33,520,000
404 James Robertson Prop LLC
Phr Parkway LLC
Grant Deed
—
Jul 18, 2016
—
Phr Parkway LLC
—
Deed
related
$13,000,000 · Wells Fargo Bk
Dec 16, 2015
$19,000,000
Phr Parkway LLC
Parkway Towers LLC
Grant Deed
—
Jun 14, 2007
$17,500
Parkway Towers LLC
Nnn Parkway Towers LLC
Special Warranty Deed
$14,500,000 · Eurohypo Ag New York Branch
May 9, 2003
$12,450,000
Nnn Parkway Towers LLC
Domain Copper Ridge Assocs Ltd
Grant Deed
$6,000,000 · Nomura Credit & Capital INC
Mar 21, 2001
$8,700,000
Domain Copper Ridge Assoc Ltd
Nashville II Partners
Grant Deed
$7,800,000 · Column Financial INC
Sep 24, 1999
$1,240,000
Court Square Associates LLC
Court Square Associates INC
Grant Deed
related
$1,020,000 · First American National Bank
—
—
Phr Parkway LLC
—
Deed Of Trust
related
$13,000,000 · Wells Fargo Bk
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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