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Property profile & analytics
OFF-MARKET
Estimated value
$4,440,000
Automotive properties
Eastern Ave, Nashville, NC 27856
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2815134
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Total area
12,000 SF
Lot
2.85 ac (124,146 SF)
Zoning code
R30
APN
381120-90-3112
UPID
US53-2815134
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
$3.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$4.44M
Owner & transaction history
3mr Limited Partnership · 17 yrs held
3mr Limited Partnership
since 2008
5 recorded transactions
Zoning & alternative use
R30 · Nashville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.6M
+85.8%
Medical building
$4.4M
+23.2%
Commercial (general)
$3.8M
+5.7%
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
$3,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,640,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$4,400,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,775,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$3,580,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$3,505,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±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
$370 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,108
Tax year 2024
Assessed value
$817,100
Assessed 2024
Previous assessed
$817,100
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$72,750
Assessed improvement
$744,350
Land market value
$72,750
Improvement market value
$744,350
Total market value
$817,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Heating
NONE
Total area
12,000 SF
Lot
2.85 ac (124,146 SF)
Zoning code
R30
APN
381120-90-3112
UPID
US53-2815134
Jurisdiction
NASH
Zoning & alternative use
R30 · Nashville, NC
Zoning R30 · permitted uses
R30 · Nashville, NC
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
2008
Heating
NONE
Lot
2.85 ac
Current owner
From public records · entity-resolved
3mr Limited Partnership
Entity
Free & Clear · 17 yrs held
Mailing address
2112 CENTRAL PARK DR, WINTERVILLE, NC 28590-7959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2008
$143,500
3mr Limited Partnership
Richardson Nash LLC
Warranty Deed
—
Sep 12, 2008
$75,000
East Coast Equipment Partners LLC
Richardson Nash LLC
Warranty Deed
—
Dec 14, 2006
$497,500
David L Rose
Richardson Nash LLC
Warranty Deed
—
Mar 23, 2006
$104,500
3 Mr LP
Richardson Nash LLC
Warranty Deed
—
Jul 5, 2005
$99,000
Richardson Nash LLC
Warren Emmett Quarles
Warranty Deed
—
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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