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Property profile & analytics
OFF-MARKET
Estimated value
$20,040,000
High-rise multifamily apartments
541 Great Cir Rd Nashville, TN 37228-1672
Entity Owned
Free & Clear
Property ID
US80-3510494
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Construction
FRAME
Total area
106,084 SF
Lot
7.94 ac (345,866 SF)
Zoning code
MULTI-ZONE
APN
070-11-0-001-00
UPID
US80-3510494
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Arya North Nashville Apartment Complex Apartment Building
-
Accent Glassworks Apartment Building
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.04M
Owner & transaction history
Jlre9 Owner LLC
Jlre9 Owner LLC
since 2025
Last sale
$23.4M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Office building
$31.0M
+18.7%
Neighborhood: shopping center
$30.7M
+17.7%
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%
$18,430,000
6.5%
$17,010,000
7%
$15,795,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,095,000
Current use
OFFICE BUILDING
$30,975,000
Change: +19% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$30,715,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$20.04M
Range $18.04M – $22.04M · ±10% · vs last sale $23.44M (Oct 27 2025)
Last sale anchor
$23.44M
Oct 27 2025
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
$189 / 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
$837,969
Tax year 2023
Assessed value
$25,751,960
Assessed 2023
Previous assessed
$25,751,960
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,820,000
Assessed improvement
$22,931,960
Land market value
$7,050,000
Improvement market value
$57,329,900
Total market value
$64,379,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
106,084 SF
Lot
7.94 ac (345,866 SF)
Zoning code
MULTI-ZONE
APN
070-11-0-001-00
UPID
US80-3510494
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TNZoning MULTI-ZONE · permitted uses
MULTI-ZONE · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.1M
OFFICE BUILDING
Est. value
$31.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Lot
7.94 ac
Current owner
From public records · entity-resolved
Jlre9 Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
122 PENN RD, SCARSDALE, NY 10583-7558
Ownership since
2025
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
Oct 27, 2025
$23,439,859
Jlre9 Owner LLC
Invictus Glassworks Tn LP
Special Warranty Deed
—
Oct 27, 2025
$5,657,897
Jlre8 Owner LLC
Invictus Glassworks Tn LP
Special Warranty Deed
—
Jun 3, 2022
$93,600,000
Jlre5 Gw Owner 1 LLC
Apex Glassworks LLC
Special Warranty Deed
$69,000,000 · Pacificcal Debt V LLC
Aug 26, 2020
$63,450,000
Apex Glassworks LLC
Accent Metrocenter LP
Grant Deed
$50,000,000 · Bsprt Cre Fin LLC
Jan 17, 2019
—
Accent Metrocenter LP
At & T Tennessee
Quit Claim Deed
related
$30,900,000 · Synovus Bk
Dec 11, 2018
—
Accent Metrocenter LP
Accent Metrocenter LP
Quit Claim Deed
related
—
Oct 12, 2018
$7,350,000
Accent Metrocenter LP
Ebon Falcon LLC
Grant Deed
—
Oct 12, 2018
—
Accent Metrocenter LP
Ebon Falcon LLC
Quit Claim Deed
related
—
Sep 7, 2007
$600,135
Ebon-falcon LLC
American Realty Trust
Grant Deed
—
Dec 18, 1997
$1,504,356
Taylor Impression Partners
Taylor,impressio
Grant Deed
related
—
Jul 18, 1997
$412,500
Russell Maddox
—
Grant Deed
related
—
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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