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Property profile & analytics
OFF-MARKET
Estimated value
$13,260,000
Retail properties & Spaces
451 Humphreys St Nashville, TN 37203-4842
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0073654
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1950
Total area
1,496 SF
Lot
0.28 ac (12,197 SF)
Zoning code
IWD
APN
105-07-0-044-00
UPID
US80-0073654
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
$13.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.26M
Owner & transaction history
Nashville Phase III Prop Holder 3 L · 2 yrs held
Nashville Phase III Prop Holder 3 L
since 2024
Last sale
$13.3M
7 recorded transactions
Zoning & alternative use
IWD · 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
$13,260,000
ML approach
$13,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.26M
Range $11.93M – $14.59M · ±10% · vs last sale $13.26M (Jun 14 2024)
Last sale anchor
$13.26M
Jun 14 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
$8,864 / 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
$11,830
Tax year 2023
Assessed value
$363,560
Assessed 2023
Previous assessed
$363,560
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$357,000
Assessed improvement
$6,560
Land market value
$892,500
Improvement market value
$16,400
Total market value
$908,900
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
1,496 SF
Lot
0.28 ac (12,197 SF)
Zoning code
IWD
APN
105-07-0-044-00
UPID
US80-0073654
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Nashville, TN
Zoning IWD · permitted uses
IWD · 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
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Nashville Phase III Prop Holder 3 L
Individual
Mailing address
133 N JEFFERSON ST FL, CHICAGO, IL 60661-2336
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Nashville Phase III Prop Holder 3 L
Nashville Phase III Property Holder
Intrafamily Transfer
related
—
Sep 2, 2021
$13,258,533
Nashvile Phase III Property Holder
Oklaholic LLC
Special Warranty Deed
—
Jun 1, 2012
$200,000
Oklaholics LLC
Boulton,james K & Joyce A
Warranty Deed
—
Feb 26, 2004
$98,000
James K Boulton
Watts,leland D
Grant Deed
$96,000 · Regions Bank
Nov 1, 2000
—
Chisholm & Associates INC
Mc Family Partnership Ltd
Quit Claim Deed
related
—
Nov 1, 2000
$100,000
Watts,leland D
Chisholm & Associates INC
Trustees Deed
—
Jun 14, 1996
$85,000
Chisholm & Associates INC
—
Grant Deed
related
—
—
—
Leland D Watts
—
Deed Of Trust
related
$103,222 · Regions Bank
—
—
James K Boulton
—
Deed Of Trust
related
$84,627 · Leland D Watts
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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