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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Theaters & concert halls
901 Meridian St Nashville, TN 37207-5758
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0261334
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1936
Total area
11,119 SF
Lot
0.65 ac (28,314 SF)
Zoning code
MULTI-ZONE
APN
082-03-0-416-00
UPID
US80-0261334
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
$6.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.60M
Owner & transaction history
Invent Communities INC · 5 yrs held
Invent Communities INC
since 2021
Last sale
$5.3M
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
$5,780,000
ML approach
$6,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±10% · vs last sale $5.30M (Jun 25 2021)
Last sale anchor
$5.30M
Jun 25 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
$504 / 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
$50,861
Tax year 2023
Assessed value
$1,563,040
Assessed 2023
Previous assessed
$1,563,040
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$234,000
Assessed improvement
$1,329,040
Land market value
$585,000
Improvement market value
$3,322,600
Total market value
$3,907,600
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1936
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
11,119 SF
Lot
0.65 ac (28,314 SF)
Zoning code
MULTI-ZONE
APN
082-03-0-416-00
UPID
US80-0261334
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
1936
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Invent Communities INC
Entity
Free & Clear · 5 yrs held
Mailing address
921 WOODLAND STB, NASHVILLE, TN 37206-3721
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
$5,300,000
Invent Communities INC
901 Meridian Bsd LLC
Special Warranty Deed
—
Nov 23, 2020
—
901 Meridian Bsd LLC
—
Deed Of Trust
related
$1,000,000 · Bassman Family LP
Jun 29, 2018
$4,500,000
901 Meridian Bsd LLC
901 Meridian LLC
Grant Deed
—
Jun 27, 2018
—
901 Meridian Partners
901 Meridian LLC
Quit Claim Deed
related
—
Jun 20, 2016
$2,332,000
901 Meridian LLC
Ray Of Hope Community Church
Grant Deed
—
Jul 28, 2003
—
Ray Of Hope Community Church
—
Trustees Deed
related
$739,000 · Southtrust Bank NA
Jun 22, 2000
$400,000
Ray Of Hope Community Church
Centers For Family Life
Grant Deed
$371,000 · Nashville Center For Black Fam
Jul 28, 1993
$200,000
Lane,daniel D Trustee
Unknown,
Grant Deed
—
Jan 16, 1989
$100,000
Aubrey Mayhew
Unknown,
Grant Deed
—
—
—
Ray Of Hope Community Church
—
Loan Modification
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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