Building Details

Year Built 1983

Buildings 1

Listing Agency: Wilson Group Real Estate i***@wilsongrouprealestate.com Show Phone

Listed By: Nancy Simerly · License #353624 Show Phone

Source: Movehomenashville

Added: Oct 8 Changed: Oct 29 Last Checked: Oct 29 at 2:40PM

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Investment Insights

Based on property information with market context.

This 1983 duplex contains 1,537 square feet across two units. Unit 1004 is occupied, while Unit 1006 is vacant and has updated flooring and paint. Each residence has separate central heating and air conditioning, along with its own water and electric meters.

HVAC equipment includes a Trane system installed in Unit 1004 in 2025 and another in Unit 1006 in 2019. The roof was replaced in 2015, some plumbing has been updated, and the electric meter dates to 2014. The property is in a cul-de-sac, with I-40 and Summit Hospital each about a five-minute drive away.

Key Highlights

• Two‑unit duplex with 1,537 square feet
• Unit 1004 occupied; Unit 1006 vacant with new flooring and paint
• Trane HVAC installed in Unit 1004 in 2025 and Unit 1006 in 2019

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,535

Cap Rate

5.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,700 $370.7K

Cap Rate 7%

$264,786 $264.8K

Cap Rate 9%

$205,944 $205.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,537 SF

Gross rent

$28.2K $18.36/SF

− Vacancy

−$1.7K −$1.13/SF

EGI

$26.5K $17.23/SF

− OpEx

−$7.9K −$5.17/SF

NOI

$18.5K $12.06/SF

Area

Davidson County, TN

Vacancy

6.17%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$370,700

Cap Rate 7%

$264,786

Cap Rate 9%

$205,944

Alternative Uses

Best Use

Multifamily LT 5

$264.8K

$231.7K – $308.9K (±1% cap)

NOI $18,535 @ 7.0% cap · market cap 5.08%

Second Best

Apartment 5plus

$243.9K

$213.4K – $284.6K (±1% cap)

NOI $17,073 @ 7.0% cap · market cap 4.68%

Theoretical Best

Warehouse

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,255 @ 7.0% cap · market cap 35.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

103

Businesses Nearby

Explore this area Business Placement

Demographics for 37076, TN

39,326

Population

19,235

Households

2

Avg Household Size

37

Median Age

40%

College-Educated

95%

High-School Grad

27.8 sq mi

ZIP Area

1,415

Density / Sq Mi

$74,555

Median Household Income

$50,286

Median Earnings

$1,438

Median Rent

$348,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separately metered residences include one occupied unit and one refreshed vacant unit.

Where is this duplex located?

The property is located at 1004 Central Valley Ct Hermitage, TN.

What is the asking price?

The asking price for this property is $364,900.

What are key features of this property?

This property features: Two‑unit duplex with 1,537 square feet; Unit 1004 occupied; Unit 1006 vacant with new flooring and paint; Trane HVAC installed in Unit 1004 in 2025 and Unit 1006 in 2019