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Property profile & analytics
OFF-MARKET
Estimated value
$36,460,000
High-rise multifamily apartments
9 City Pl Nashville, TN 37209-2584
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-2969830
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2017
Construction
FRAME
Total area
310,902 SF
Lot
3.51 ac (152,896 SF)
Zoning code
SP
APN
092-14-0B-011-00
UPID
US80-2969830
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$49.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.46M
Owner & transaction history
Shay Of Lb-wc-lc LLC · 6 yrs held
Shay Of Lb-wc-lc LLC
since 2019
1 recorded transaction
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
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$54,010,000
6.5%
$49,855,000
7%
$46,295,000
Blend value · Realmo final
$36.46M
Range $32.81M – $40.11M · ±10%
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
$117 / 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
$1,015,817
Tax year 2023
Assessed value
$31,217,480
Assessed 2023
Previous assessed
$31,217,480
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$3,990,600
Assessed improvement
$27,226,880
Land market value
$9,976,500
Improvement market value
$68,067,200
Total market value
$78,043,700
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
7
Total area
310,902 SF
Lot
3.51 ac (152,896 SF)
Zoning code
SP
APN
092-14-0B-011-00
UPID
US80-2969830
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
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
7
Buildings
2
Lot
3.51 ac
Current owner
From public records · entity-resolved
Shay Of Lb-wc-lc LLC
Entity
Mailing address
1005 17TH AVE S STE #700, NASHVILLE, TN 37212-2265
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
$80,592,000
Shay Of Lb-wc-lc LLC
Nashcam Living I LP
Grant Deed
$49,750,000 · Miscellaneous Ins Co
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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