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Property profile & analytics
FOR LEASE
Office buildings
618 Church St Nashville, TN 37219
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1487388
For Lease
1 / 2
$19,055,000
618 Church St, Nashville, TN 37219
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Total area
102,318 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MULTI-ZONE
APN
093-06-1-001-00
UPID
US80-1487388
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
-
Morton's The Steakhouse Restaurant
-
BerniePortal (Bike/Boat/Book/etc) Store Corporate Office
-
RecruitTalk (Bike/Boat/Book/etc) Store Corporate Office
-
4A Management Business Management Consultant
-
2nd Generation Capital Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.03M
Comparable Approach
Comparable
$16.79M
Blend (final)
Blend
$19.06M
Owner & transaction history
616 Church LLC · 2 yrs held
616 Church LLC
since 2023
Last sale
$22.1M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · 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
$13,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,775,000
6.5%
$21,025,000
7%
$19,520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$29,875,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$29,625,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$25,165,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$19.06M
Range $17.15M – $20.96M · ±10% · vs last sale $22.10M (Dec 18 2023)
Last sale anchor
$22.10M
Dec 18 2023
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
$186 / 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
$196,345
Tax year 2023
Assessed value
$5,803,200
Assessed 2023
Previous assessed
$5,803,200
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$2,268,840
Assessed improvement
$3,534,360
Land market value
$5,672,100
Improvement market value
$8,835,900
Total market value
$14,508,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1940
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
102,318 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MULTI-ZONE
APN
093-06-1-001-00
UPID
US80-1487388
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning 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
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$29.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1940
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
616 Church LLC
Entity
Mailing address
1350 AVE OF THE AMERICAS 3RD FRNT #3, NEW YORK, NY 10019-4702
Ownership since
2023
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 18, 2023
—
616 Church LLC
618 Hck LLC
Intrafamily Transfer
related
—
Jan 31, 2020
—
618 Hck LLC
Adventure 3 Properties Gp
Quit Claim Deed
related
—
Jan 31, 2020
$22,100,000
618 Hck LLC
Adventure 3 Properties Gp
Grant Deed
—
Nov 14, 2005
—
Adventure 3 Properties
—
Deed Of Trust
related
$10,800,000 · Lasalle National Bank
Apr 2, 1998
$1,199,400
Michael D Shmerling & Co LLC
Houston Estate
Grant Deed
—
Apr 17, 1992
$50,000
First American Natl Banktr/shwab
Unknown
Grant Deed
related
—
—
—
Adventure 3 Properties Gp
—
Deed Of Trust
related
$11,000,000 · Bank Of Nashville
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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