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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Warehouses
601 Merritt Ave Nashville, TN 37203-4818
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3427982
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1965
Total area
11,744 SF
Lot
0.4 ac (17,424 SF)
Zoning code
IWD
APN
105-07-0-482-00
UPID
US80-3427982
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
-
Corsair Distillery at Wedgewood Houston Brewery & Distillery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$4.77M
Owner & transaction history
Albert Janko 2012 Qprt Continuation · 1 yrs held
Albert Janko 2012 Qprt Continuation
since 2025
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
IWD · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.1M
+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
$5,140,000
ML approach
$4,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,275,000
Current use
AUTO REPAIR, GARAGE
$7,120,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,215,000
Change: -1% · Conversion: Moderate
RETAIL STORES
$5,430,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±10% · vs last sale $4.10M (Oct 29 2024)
Last sale anchor
$4.10M
Oct 29 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
$406 / 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
$31,319
Tax year 2023
Assessed value
$962,480
Assessed 2023
Previous assessed
$962,480
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$487,880
Assessed improvement
$474,600
Land market value
$1,219,700
Improvement market value
$1,186,500
Total market value
$2,406,200
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
1965
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,744 SF
Lot
0.4 ac (17,424 SF)
Zoning code
IWD
APN
105-07-0-482-00
UPID
US80-3427982
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
$6.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
RETAIL STORES
Est. value
$5.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1965
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Albert Janko 2012 Qprt Continuation
Individual
Mailing address
747 N LA SALLE DR STE #450, CHICAGO, IL 60654-5003
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
Albert Janko 2012 Qprt Continuation
1031 Ep1 INC
Quitclaim Deed
related
—
Jan 29, 2025
$4,100,000
1031 Epi Cn
601 Merritt Owner LLC
Special Warranty Deed
—
Jan 8, 2020
$3,300,000
601 Merritt Owner LLC
Corsair Artisan LLC
Special Warranty Deed
$2,062,500 · Reliant Bank
May 16, 2014
$580,000
Humphreys County Props LLC
Williams,joel & Melissa
Warranty Deed
—
Mar 28, 2003
$150,000
Joel Williams
Commercial Engraving Realty
Grant Deed
—
—
—
Joel Williams
—
Deed Of Trust
related
$340,000 · Regions Bank
—
—
Joel Williams
—
Deed Of Trust
related
$421,000 · Middle Tennessee Bank
—
—
Joel D Williams
—
Deed Of Trust
related
$400,506 · Regions Bank
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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