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Property profile & analytics
OFF-MARKET
Estimated value
$6,300,000
Warehouses
600 21st N Ave Nashville, TN 37203-1961
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-1202205
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1910
Total area
19,140 SF
Lot
1.44 ac (62,726 SF)
Zoning code
IR
APN
092-07-0-407-00
UPID
US80-1202205
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.30M
Owner & transaction history
Vanderbilt University · 18 yrs held
Vanderbilt University
since 2007
7 recorded transactions
Zoning & alternative use
IR · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,130,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$8,850,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$6.30M
Range $5.67M – $6.93M · ±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
$329 / 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
Land market value
$1,881,800
Improvement market value
$2,727,000
Total market value
$4,608,800
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
1910
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
19,140 SF
Lot
1.44 ac (62,726 SF)
Zoning code
IR
APN
092-07-0-407-00
UPID
US80-1202205
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Nashville, TN
Zoning IR · permitted uses
IR · 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
$10.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
RETAIL STORES
Est. value
$8.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1910
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Vanderbilt University
Individual
Mailing address
2100 W END AVE STE #750, NASHVILLE, TN 37203-5233
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2007
$1,600,000
Vanderbilt University
Saber Industries INC
Grant Deed
—
Nov 23, 2005
$650,000
Dynasty Ventures LLC
621 21st Ave LLC
Warranty Deed
$400,000 · 621 21st Ave LLC
Oct 8, 2004
$475,000
621 21st Ave LLC
Saber Industries INC
Warranty Deed
—
Sep 29, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 26, 1991
$225,000
Southern Business Ins Group INC
Unknown
Grant Deed
—
—
—
Saber Industries INC
—
Deed Of Trust
related
$725,000 · First National Bank Of New Eng
—
—
Saber Industries INC
—
Deed Of Trust
related
$157,500 · Southeast Community Cap Corp
—
—
Saber Industries INC
—
Deed Of Trust
related
$18,000 · David Berezov
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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