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Property profile & analytics
FOR SALE
Warehouses
813 Watts Ln Nashville, TN 37209
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1033214
For Sale
1 / 23
$1,900,000
813 Watts Ln, Nashville, TN 37209
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1958
Total area
3,605 SF
Lot
1.57 ac (68,389 SF)
Zoning code
SP
APN
103-01-0-153-00
UPID
US80-1033214
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
-
Pelfrey Company Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$720k
Owner & transaction history
Bo Derek LLC · 5 yrs held
Bo Derek LLC
since 2021
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
SP · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to promote site specific development in the location, integration, and arrangement of land uses, buildings, structures, utilities, access, transi…
Zone name
Specific Plan
General category
UNKNOWN
Zone area
12,337.12 ac
Source
Zoning Ordinance
Top alternative use upside
Neighborhood: shopping center
$1.1M
+23.4%
Commercial (general)
$1.0M
+19.6%
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
$890,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$870,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,075,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,045,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $750k (Feb 3 2021)
Last sale anchor
$750k
Feb 3 2021
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
$200 / 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
$9,719
Tax year 2023
Assessed value
$298,680
Assessed 2023
Previous assessed
$298,680
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$273,560
Assessed improvement
$25,120
Land market value
$683,900
Improvement market value
$62,800
Total market value
$746,700
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
For Sale
Year built
1958
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,605 SF
Lot
1.57 ac (68,389 SF)
Zoning code
SP
APN
103-01-0-153-00
UPID
US80-1033214
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Nashville, TNZoning SP · permitted uses
SP · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
SP, Specific Plan District. The SP District is intended to implement the context sensitive development and land use compatibility provisions of the general plan for all land use policies. The district shall be used to promote site specific development in the location, integration, and arrangement of land uses, buildings, structures, utilities, access, transit, parking and streets. A site specific plan shall establish specific limitations and requirements, including any not addressed by this title, so as to respect the unique character and/or charm of abutting neighborhoods and larger community in which the property is located. A specific plan (SP) district may be applied to any property, or within any overlay district established by
Zone name
Specific Plan
General category
UNKNOWN
Zone area
12,337.12 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1958
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.57 ac
Current owner
From public records · entity-resolved
Bo Derek LLC
Entity
Mailing address
400 RIV ROUGE CT, NASHVILLE, TN 37209-1616
Ownership since
2021
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
Aug 23, 2022
—
Bo Derek LLC
—
Deed
related
$975,000 · Wilson Bank & Trust
Feb 3, 2021
$750,000
Bo Derek LLC
Larry G Maxwell
Warranty Deed
$600,000 · Wilson Bank & Trust
Mar 5, 2019
—
Larry G Maxwell
—
Deed
related
$170,468 · Renasant Bank
Feb 7, 2014
—
Ted Richardson
Maxwell,larry G
Quit Claim Deed
related
—
Jul 16, 2007
—
Larry G Maxwell
—
Trustees Deed
related
$100,000 · Renasant Bank
Jun 18, 1996
$110,000
Sandra B Whitcombe
Unknown
Grant Deed
$14,000 · Nashville Bank Of Commerce
—
—
Miriam A Richardson
—
Deed Of Trust
related
$44,000 · Bank Of America
—
—
Larry G Maxwell
—
Deed Of Trust
related
$255,040 · Renasant 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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