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478 Allied Dr, Nashville, TN 37211
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Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Total area
66,400 SF
Lot
2.7 ac (117,612 SF)
Zoning code
IWD
APN
133-05-0-087-00
UPID
US80-0975790
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
-
Building Supply Construction Company
-
Interior Design Home Decor Store
-
Big Box & Wholesale Store Building Supply
-
Alternative Medicine Practice Spa & Massage Center
-
Home Decor Store Department Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.37M
CAP Approach
CAP
$8.83M
Comparable Approach
Comparable
$5.05M
Blend (final)
Blend
$7.29M
Owner & transaction history
since 2022
Last sale
$6.5M
1 recorded transaction
Zoning & alternative use
IWD · Nashville, TN
Zoning description
IWD, Industrial Warehousing/Distribution District. The IWD district implements those industrial policies of the general plan that provide opportunities for wholesaling, warehousing and bulk distribution uses. This distri…
General category
INDUSTRIAL
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.29M
Value range
$6.56M – $8.02M
±10% around blend
Estimated value / SF
$110 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$6.56M
blend $7.29M
$8.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
66,400 SF
Lot area
2.7 ac
Year built
1972
Stories
1
APN
133-05-0-087-00
Zoning
IWD
Assessed value
$1,668,520
Annual tax
$54,294
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.83M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.56M
@ 6.5% CAP return
$8.83M
@ 7% CAP return
$8.20M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$54,294
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.05M
Range $3.57M – $20.67M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 64 sales
$179
-39%
Submarket 342 sales
$236
-53%
County 435 sales
$214
-49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $110/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
Modeled
Market rent
Market benchmark
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: income and sales evidence cover the value conclusion.
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.90%
Selected cap rate for this warehouses
Derived from the Nashville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$12k *
Last sale · Jan 2022
$6.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$157k
Move the market yield to see immediate price impact.
Value / SF
$2
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
7.40%7.90%8.40%
$11k
$150k
$141k
$132k
$12k
$167k
$157k
$147k
$14k
$184k
$172k
$162k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,294
Tax year 2023
Assessed value
$1,668,520
Assessed 2023
Previous assessed
$1,668,520
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$470,440
Assessed improvement
$1,198,080
Land market value
$1,176,100
Improvement market value
$2,995,200
Total market value
$4,171,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1972
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
66,400 SF
Lot
2.7 ac (117,612 SF)
Zoning code
IWD
APN
133-05-0-087-00
UPID
US80-0975790
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Nashville, TNZoning IWD · permitted uses
IWD · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
IWD, Industrial Warehousing/Distribution District. The IWD district implements those industrial policies of the general plan that provide opportunities for wholesaling, warehousing and bulk distribution uses. This distri…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1972
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.7 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
IWD
INDUSTRIAL
Jurisdiction
Nashville, TN
Recorded code
IWD
Official district
IWD
Official district profile
What the municipal code says about IWD
Zoning description
IWD, Industrial Warehousing/Distribution District. The IWD district implements those industrial policies of the general plan that provide opportunities for wholesaling, warehousing and bulk distribution uses. This distri…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IWD 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.
Registration is required before the official district profile is shown.
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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.
Registration is required before any owner information is shown.
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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