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    6900 Lenox Village Dr Nashville, TN 37211
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    Property profile & analytics

    6900 Lenox Village Dr, Nashville, TN 37211

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    • High-rise multifamily apartments
    • 370,129 SF
    • 6.58 lot acres
    For Lease
    $31,035,000
    View Listing →
    Lenox Village Retail Space Available For Lease
    $31,035,000
    5,650 SF

    Lenox Village Retail Space Available

    Retail suites available in Lenox Village community, Nashville, TN.

    6900 Lenox Village Dr, Nashville, TN
    View Listing
    Property ID
    US80-1416681
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hair Studio at Lenox / Hair Salon
    • Lenox Village / Apartment Building / Apartment Rental Agency
    • Workout Anytime Lenox Village / Gym & Fitness Center
    • Skillful Antics / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Paparazzi Barbershop / Barber Shop

    Property Details for 6900 Lenox Village Dr

    Year built
    2009
    Lot size
    6.58 lot acres
    Zone code
    MUL
    Property type
    High-rise multifamily apartments
    APN
    172-12-0-106-00
    APU
    17212010600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2024 — Pac Lenox Village LLC — Deed · related $3.9M · Pgim Real Estate Agency Financing LLC
    Mar 4, 2019 — Pac Lenox Village LLC — Deed · related $39.3M · Prudential Affordable Mtg
    Dec 23, 2015 $45,982,000 Pac Lenox Village LLC Lenox Village Lifestyle Center Grant Deed —
    Mar 26, 2008 — Owner Name Unavailable Owner Name Unavailable Quit Claim Deed · related —
    May 4, 2007 — Lenox Village Lifestyle Center LLC Lenox Village III LLC Quit Claim Deed · related —
    — — Pac Lenox Village LLC — Deed Of Trust · related $39.3M · Prudential Affordable Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7119
    Latitude
    36.0246
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $678,262
    $1,504,800
    $21,707,440
    $23,212,240
    -
    $3,762,000
    $54,268,600
    $58,030,600

    Comparable in this City

    • Value Estimation
      $2,315,000
      100,598 SF

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      HIGH-RISE APARTMENTS
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      View Details
    • Value Estimation
      $13,505,000
      239,833 SF

      5833 Nolensville Pike

      HIGH-RISE APARTMENTS
      5833 Nolensville Pike, Nashville, TN 37211-3348
      View Details
    • Value Estimation by Request
      6,534 SF

      5144 Linbar Dr

      Multifamily properties
      5144 Linbar Dr, Nashville, TN 37211
      View Details
    • Value Estimation by Request

      2251 Winford Ave

      Multifamily properties
      2251 Winford Ave, Nashville, TN 37211
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      Old Hickory Blvd

      Multifamily properties
      0 Old Hickory Blvd, Nashville, TN 37211
      View Details
    • Value Estimation by Request
      10.60 Acres

      1580 Bell Rd

      Land
      1580 Bell Rd, Nashville, TN 37211
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,509 SF

      Nashville Short-Term Rental Opportunity

      Non-owner-occupied short-term rental property in a popular Nashville neighborhood.
      544 Rosedale Ave, Nashville, TN 37211
      View Details
    • $599,000

      South Nashville Commercial Land Parcels

      Two commercial land parcels in South Nashville's active corridor.
      1918 Seminole Ave, Nashville, TN 37211
      View Details
    • $420,000
      1,065 SF

      Lenox Village Commercial Property

      Commercial property with fenced patio, suitable for various businesses.
      7009 Lenox Village Dr, Nashville, TN 37211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,288 SF

      Office Space Available For Rent

      Office space available for rent in Nashville, Tennessee.
      301 S Perimeter Park Dr, Nashville, TN 37211
      View Details
    • Contact for pricing

      Nashville Retail Space for Lease

      Retail space and pad site available in Hickory Plaza.
      5753 Nolensville Park, Nashville, TN 37211
      View Details
    • Contact for pricing
      40,250 SF

      Nashville Warehouse with Office Space

      40,250 SF warehouse with office near Nashville Airport.
      432-434 Harding Industrial Dr, Nashville, TN 37211
      View Details
    View Listing
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    Nashville, TN 37211
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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