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Property profile & analytics
OFF-MARKET
Estimated value
$18,880,000
Warehouses
506 Fesslers Ln Nashville, TN 37210-2815
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-3436817
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
154,275 SF
Lot
1.69 ac (73,616 SF)
Zoning code
SP
APN
106-00-0-153-00
UPID
US80-3436817
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
-
Collegeboxes at U-Haul Moving & Storage Of Nashville Moving Company Storage Facility
-
Self-Storage at U-Haul Storage Facility
-
Truck Sales at U-Haul Car Dealership
-
Propane Refill at U-Haul Propane Supplier Alternative Fuel Station
-
Moving Supplies at U-Haul Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.25M
Comparable Approach
Comparable
$14.65M
Blend (final)
Blend
$18.88M
Owner & transaction history
Arec 38 LLC · 6 yrs held
Arec 38 LLC
since 2019
7 recorded transactions
Zoning & alternative use
SP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,105,000
6.5%
$22,250,000
7%
$20,660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$29,785,000
Current use
Blend value · Realmo final
$18.88M
Range $16.99M – $20.77M · ±10%
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
$122 / 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
$295,463
Tax year 2023
Assessed value
$9,080,000
Assessed 2023
Previous assessed
$9,080,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$883,400
Assessed improvement
$8,196,600
Land market value
$2,208,500
Improvement market value
$20,491,500
Total market value
$22,700,000
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
2018
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
154,275 SF
Lot
1.69 ac (73,616 SF)
Zoning code
SP
APN
106-00-0-153-00
UPID
US80-3436817
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
$29.8M
WAREHOUSE, STORAGE Current
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
2018
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
Arec 38 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Arec 38 LLC
—
Deed
related
$10,441,570 · American General Life Insurance Co
Dec 13, 2019
—
Arec 38 LLC
Music City Self Storage LLC
Quit Claim Deed
related
—
Oct 4, 2016
—
Music City Self Storage LLC
—
Trustees Deed
related
$11,753,710 · Us Bk
Feb 22, 2016
$1,100,000
Music City Self Storage LLC
Tennessee Independent Telecomm
Grant Deed
—
Nov 2, 2010
$430,000
Tennessee Independent Telecomm
Tristar Energy LLC
Grant Deed
—
Oct 16, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 21, 2004
$845,558
Tristar Energy LLC
Welton Investments LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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