Entity Owned Property summary
AI-generated overview
414 Union is a 20-story office tower located in Downtown Nashville’s Central Business District. The building provides approximately 444,770 square feet of flexible office space with floor plans that can support both single-tenant and multi-tenant configurations. Architectural features include modernized interior finishes, a skylight atrium, and an outdoor terrace. The property has historically accommodated a mix of office users, including Philips Healthcare, Industrious, and SiLo Transportation.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1975
Total area
461,322 SF
Lot
0.84 ac (36,590 SF)
Zoning code
DTC
APN
093-02-3-188-00
UPID
US80-0286097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Employment Agency
-
Engineering Consultant
-
Trucking Company
-
Financial Advisor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.74M
Blend (final)
Blend
$27.58M
Owner & transaction history
since 2025
Last sale
$29.0M
7 recorded transactions
Zoning & alternative use
DTC · Nashville, TN
Zoning description
DTC, Downtown Code District. The DTC district is designed for a broad range of residential and non-residential activities associated with an economically healthy, socially vibrant, and sustainable Downtown. Included amon…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$27.58M
Value range
$24.82M – $30.34M
±10% around blend
Estimated value / SF
$60 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$24.82M
blend $27.58M
$30.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
461,322 SF
Lot area
0.84 ac
Year built
1975
Stories
21
APN
093-02-3-188-00
Zoning
DTC
Assessed value
$36,029,292
Annual tax
$1,219,015
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$24.74M
Range $2.46M – $59.82M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$27.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 521 sales
$292
-80%
County 620 sales
$275
-78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $60/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$29.00M
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.83M
$36.54M
$26.10M
$20.30M
$2.03M
$40.60M
$29.00M
$22.56M
$2.23M
$44.66M
$31.90M
$24.81M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,219,015
Tax year 2023
Assessed value
$36,029,292
Assessed 2023
Previous assessed
$44,600,000
-19.2% YoY
Effective rate
3.38%
On assessed value
Assessed land
$5,129,320
Assessed improvement
$30,899,972
Land market value
$12,823,300
Improvement market value
$77,249,930
Total market value
$90,073,230
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1975
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
21
Total area
461,322 SF
Lot
0.84 ac (36,590 SF)
Zoning code
DTC
APN
093-02-3-188-00
UPID
US80-0286097
Jurisdiction
DAVIDSON
Zoning & alternative use
DTC · Nashville, TNZoning DTC · permitted uses
DTC · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
DTC, Downtown Code District. The DTC district is designed for a broad range of residential and non-residential activities associated with an economically healthy, socially vibrant, and sustainable Downtown. Included amon…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1975
Heating
CENTRAL
Cooling
Yes
Stories
21
Buildings
2
Lot
0.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
DTC
COMMERCIAL
Jurisdiction
Nashville, TN
Recorded code
DTC
Official district
DTC
Official district profile
What the municipal code says about DTC
Zoning description
DTC, Downtown Code District. The DTC district is designed for a broad range of residential and non-residential activities associated with an economically healthy, socially vibrant, and sustainable Downtown. Included amon…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DTC in Nashville, TN.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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