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Property profile & analytics
OFF-MARKET
Estimated value
$28,335,000
Warehouses
505 Old Hickory Blvd Nashville, TN 37209-5105
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3000220
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
125,419 SF
Lot
5.08 ac (221,285 SF)
Zoning code
SP
APN
128-03-0-013-00
UPID
US80-3000220
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
-
A+ Storage Storage Facility
-
Mobile Thrones Restroom Trailers Car Rental Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Bellevue's Best Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$30.62M
Blend (final)
Blend
$28.34M
Owner & transaction history
Crescenta Valley Mini Storage LP · 4 yrs held
Crescenta Valley Mini Storage LP
since 2022
Last sale
$26.5M
1 recorded transaction
Zoning & alternative use
SP · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$43.8M
+44.2%
Neighborhood: shopping center
$37.5M
+23.4%
Commercial (general)
$36.3M
+19.6%
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
$29,725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$30,345,000
Current use
MEDICAL BUILDING
$43,765,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$37,450,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$36,285,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$28.34M
Range $25.50M – $31.17M · ±10% · vs last sale $26.50M (Jan 10 2022)
Last sale anchor
$26.50M
Jan 10 2022
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
$226 / 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
$246,975
Tax year 2023
Assessed value
$7,589,880
Assessed 2023
Previous assessed
$7,589,880
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$876,280
Assessed improvement
$6,713,600
Land market value
$2,190,700
Improvement market value
$16,784,000
Total market value
$18,974,700
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
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
125,419 SF
Lot
5.08 ac (221,285 SF)
Zoning code
SP
APN
128-03-0-013-00
UPID
US80-3000220
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Nashville, TN
Zoning SP · permitted uses
SP · 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
WAREHOUSE, STORAGE Current
Est. value
$30.3M
MEDICAL BUILDING
Est. value
$43.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.5M
COMMERCIAL (GENERAL)
Est. value
$36.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Heating
NONE
Cooling
Yes
Stories
3
Lot
5.08 ac
Current owner
From public records · entity-resolved
Crescenta Valley Mini Storage LP
Entity
Mailing address
505 OLD HICKORY BLVD, NASHVILLE, TN 37209-5105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$26,500,000
Crescenta Valley Mini Storage LP
A Storage Old Hickory Bellevue LP
Special Warranty Deed
$9,750,000 · Connecticut Insurance Company
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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