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Property profile & analytics
OFF-MARKET
Estimated value
$32,000,000
Warehouses
521 Harding Industrial Dr Nashville, TN 37211-3107
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-3076547
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Total area
187,177 SF
Lot
16.6 ac (723,096 SF)
Zoning code
IWD
APN
134-00-0-202-00
UPID
US80-3076547
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
$32.00M
CAP Approach
CAP
$24.88M
Comparable Approach
Comparable
$35.19M
Blend (final)
Blend
$32.00M
Owner & transaction history
Nas 521 555 Harding LP · 1 yrs held
Nas 521 555 Harding LP
since 2024
Last sale
$32.0M
7 recorded transactions
Zoning & alternative use
IWD · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$46.0M
+37.3%
Office building
$38.1M
+13.5%
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
$32,000,000
ML approach
$32,000,000
CAP Approach
CAP Return
Estimation
6%
$26,950,000
6.5%
$24,880,000
7%
$23,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$46,040,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$38,085,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$32.00M
Range $28.80M – $35.20M · ±10% · vs last sale $32.00M (Sep 16 2024)
Last sale anchor
$32.00M
Sep 16 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
$171 / 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
$378,041
Tax year 2023
Assessed value
$11,617,720
Assessed 2023
Previous assessed
$11,617,720
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$830,000
Assessed improvement
$10,787,720
Land market value
$2,075,000
Improvement market value
$26,969,300
Total market value
$29,044,300
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
1977
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
187,177 SF
Lot
16.6 ac (723,096 SF)
Zoning code
IWD
APN
134-00-0-202-00
UPID
US80-3076547
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$33.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$46.0M
OFFICE BUILDING
Est. value
$38.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1977
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
16.6 ac
Current owner
From public records · entity-resolved
Nas 521 555 Harding LP
Entity
Free & Clear · 1 yrs held
Mailing address
725 CONSHOHOCKEN STATE RD, BALA CYNWYD, PA 19004-2122
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
—
Nas 521 555 Harding LP
—
Deed
related
$150,660,800 · Scredit Mortgage Funding Sub 2 LLC
Sep 16, 2024
—
Nas 521 555 Harding LP
Dogwood Propco Tn LP
Quit Claim Deed
related
—
Dec 19, 2019
$32,000,000
Dogwood Propco Tn LP
Cam Realty LLC
Trustees Deed
$200,000,000 · Wells Fargo Bk
Jul 8, 2004
—
Cam Realty LLC
Cam International
Quit Claim Deed
related
—
Jan 5, 2000
$9,300,000
Cam International LP
First Industrial LP
Grant Deed
—
Jul 6, 1994
$11,350,000
Industrial Financing Prt First
Unknown,
Grant Deed
related
$12,911,162 · Nomura Asset Capital
Jun 30, 1994
$11,350,000
Industrial Financing Prtsh First
Unknown,
Grant Deed
related
—
Mar 1, 1994
$11,350,000
L P Provest
Unknown,
Grant Deed
$10,213,000 · Nomura Asset Capital
Feb 22, 1994
$11,350,000
LP Provest
Unknown,
Grant Deed
—
—
—
Cam Realty LLC
—
Deed Of Trust
related
$13,500,000 · Capstar Bk
—
—
Cam Realty LLC
—
Deed Of Trust
related
$10,500,000 · Us Bank NA
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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