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Property profile & analytics
OFF-MARKET
Estimated value
$11,765,000
High-rise multifamily apartments
715 Merritt Ave Nashville, TN 37203-6236
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-1040280
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Construction
FRAME
Total area
144,791 SF
Lot
3.31 ac (144,184 SF)
Zoning code
MULTI-ZONE
APN
105-06-0-257-00
UPID
US80-1040280
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
-
GLCC Logistics Company Freight Service
-
The Nail Nook Nail Salon
-
Standard Assembly Apartments Real Estate Agency
-
Rowdy's Wild Rides Tour Operator (Bike/Boat/Book/etc) Store
-
7 Fine Arts Studio and Gallery Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.77M
Owner & transaction history
Weho Qoz 1 LLC · 6 yrs held
Weho Qoz 1 LLC
since 2020
Last sale
$8.8M
4 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
$11,865,000
ML approach
$11,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.77M
Range $10.59M – $12.94M · ±10% · vs last sale $8.77M (Jul 9 2020)
Last sale anchor
$8.77M
Jul 9 2020
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
$81 / 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
$546,218
Tax year 2023
Assessed value
$16,786,040
Assessed 2023
Previous assessed
$9,547,920
+75.8% YoY
Effective rate
3.25%
On assessed value
Assessed land
$4,092,000
Assessed improvement
$12,694,040
Land market value
$10,230,000
Improvement market value
$31,735,100
Total market value
$41,965,100
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
5
Total area
144,791 SF
Lot
3.31 ac (144,184 SF)
Zoning code
MULTI-ZONE
APN
105-06-0-257-00
UPID
US80-1040280
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.
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
5
Buildings
4
Lot
3.31 ac
Current owner
From public records · entity-resolved
Weho Qoz 1 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
654 WEDGEWOOD AVEB, NASHVILLE, TN 37203-5527
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Weho Qoz 1 LLC
—
Deed
related
$63,379,000 · Arbor Commercial Funding LLC
Jul 9, 2020
—
Weho Qoz 1 LLC
Weho Qoz 1 LLC
Quit Claim Deed
related
—
Jun 19, 2019
$8,765,000
Swayze Properties LLC
Weho Qoz 1 LLC
Grant Deed
—
Jan 25, 2019
$70,000
Rsd Hamilton Avenue LLC
Swayze Properties LLC
Quit Claim 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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