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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Parking lots & garages
96 Nance Ln, Nashville, TN 37210
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-2427924
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.2 ac (8,712 SF)
Zoning code
CS
APN
106-01-0-119-00
UPID
US80-2427924
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
$2.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
John H Otey JR. · 6 yrs held
John H Otey JR.
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CS · 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
$2,570,000
ML approach
$2,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $1.90M (Feb 18 2020)
Last sale anchor
$1.90M
Feb 18 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
—
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
$1,825
Tax year 2023
Assessed value
$56,080
Assessed 2023
Previous assessed
$56,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$41,800
Assessed improvement
$14,280
Land market value
$104,500
Improvement market value
$35,700
Total market value
$140,200
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Lot
0.2 ac (8,712 SF)
Zoning code
CS
APN
106-01-0-119-00
UPID
US80-2427924
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · 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
Heating
NONE
Cooling
Yes
Lot
0.2 ac
Current owner
From public records · entity-resolved
John H Otey JR.
Individual
Mailing address
2701 JEFFERSON ST, NASHVILLE, TN 37208-2865
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$1,900,000
John H Otey JR.
Farrah D Young
Grant Deed
$1,300,000 · Farrah D Young
Dec 12, 2019
—
Farrah D Young
—
Deed
related
$133,751 · John H Otey
Jul 12, 2019
—
Farrah D Young
—
Deed
related
$111,100 · John H JR Otey
Nov 3, 2016
—
Farrah D Young
Jenkins,carol
Quit Claim Deed
related
—
Sep 23, 2015
$395,000
Carol Jenkins
Bayview Ln Svcg LLC
Grant Deed
—
Nov 20, 2014
$340,000
Bayview Ln Svcg LLC
Jones J Phillip|jenkins,carol A
Trustees Deed
related
—
Dec 4, 2006
$523,950
Carol Jenkins
The Corenswet Family Trust
Warranty Deed
—
Apr 2, 1998
$315,000
Corenswet Trust
Tays,keith
Grant Deed
—
May 16, 1994
$165,000
Lucille Kerr Mary
Unknown,
Grant Deed
$136,015 · Sioda N Greer
May 13, 1994
$225,000
Mary Lucille Kerr
Unknown,
Grant Deed
—
Apr 15, 1992
$165,000
Concept 2000 INC
Unknown
Grant Deed
—
—
—
Farrah D Young
—
Loan Modification
related
$133,751 · John H Otey
—
—
Farrah D Young
—
Deed Of Trust
related
$111,100 · John H JR Otey
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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