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Property profile & analytics
OFF-MARKET
Estimated value
$21,600,000
Warehouses
500 Lafayette St Nashville, TN 37203-4225
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0592130
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1959
Total area
19,711 SF
Lot
0.74 ac (32,234 SF)
Zoning code
DTC
APN
093-14-0-464-00
UPID
US80-0592130
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
$21.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.60M
Owner & transaction history
Lafayette And Patterson Lender LLC · 1 yrs held
Lafayette And Patterson Lender LLC
since 2024
Last sale
$21.6M
6 recorded transactions
Zoning & alternative use
DTC · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.9M
+221.8%
Restaurant
$20.7M
+96.4%
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
$21,600,000
ML approach
$21,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$33,875,000
Change: +222% · Conversion: Difficult
RESTAURANT
$20,680,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$21.60M
Range $19.44M – $23.76M · ±10% · vs last sale $21.60M (Sep 19 2024)
Last sale anchor
$21.60M
Sep 19 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
$1,096 / 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
$69,996
Tax year 2023
Assessed value
$2,151,080
Assessed 2023
Previous assessed
$2,151,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,062,960
Assessed improvement
$88,120
Land market value
$5,157,400
Improvement market value
$220,300
Total market value
$5,377,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
19,711 SF
Lot
0.74 ac (32,234 SF)
Zoning code
DTC
APN
093-14-0-464-00
UPID
US80-0592130
Jurisdiction
DAVIDSON
Zoning & alternative use
DTC · Nashville, TN
Zoning DTC · permitted uses
DTC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$33.9M
RESTAURANT
Est. value
$20.7M
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Lafayette And Patterson Lender LLC
Entity
Mailing address
520 MADISON AVE RM #3501, NEW YORK, NY 10022-4434
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$21,600,000
Lafayette And Patterson Lender LLC
Hamate Lafayette LP
Deed
—
Apr 7, 2022
—
Hamate Lafayette LP
Hamate Lafayette Dev Partners LLC
Quit Claim Deed
related
$23,000,000 · Lafayette And P-aterson Lender LLC
Jul 3, 2017
$8,165,000
Randal Nashville Properties Kllc
Shirley Street Investment LLC
Warranty Deed
$6,560,000 · Cb&s Bank INC
Dec 17, 2009
$975,000
Shirley Street Investments LLC
Five Double Ought Co
Warranty Deed
—
—
—
Shirley Street Investments LLC
—
Deed Of Trust
related
$232,460 · Regions Bank
—
—
Shirley Street Investments LLC
—
Deed Of Trust
related
$252,682 · Regions Bank
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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