Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hermitage Commercial Property For Sale Title is generated by Realmo AI

    4017 Central Pike, Hermitage, TN 37076

    View on Map
    Claim this Listing
    For Sale
    $1,199,000

    Commercial property suitable for office, medical, or retail use.

    Property size:
    1,356 SF
    Price / SF:
    $884/SF
    Added:
    May 10, 2025
    Days on Market:
    385
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 4017 Central Pike

    General Information

    Standard status
    Active
    Size
    1,356 SF

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    SAM GHALI

    Listing agent SAM GHALI

    Listing office REALTY ONE GROUP MUSIC CITY

    Listing date May 10, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP MUSIC CITY

    HighLights

    • Excellent Location: Less than 5 miles from Nashville International Airport, offering convenient access.
    • High Road Frontage: Over 450 feet of road frontage, providing significant visibility.
    • Versatile Development Potential: Suitable for office, medical, or retail use.
    • Proximity to Medical Facilities: Less than 1/2 mile from Tri‑Star Summit Hospital.
    • Utilities Ready: Water and sewer capacity fees have been paid, streamlining the development process.
    • Existing Lease: Currently leased as a medical office, providing immediate income potential.

    Overview

    This commercial property is located within 5 miles of Nashville International Airport and a few hundred feet from Old Hickory Boulevard. It is less than half a mile from Tri-Star Summit Hospital. The property features over 450 feet of road frontage and is suitable for office, medical, or retail use. Concept drawings are available. Water and sewer capacity fees have been paid. The current building, sized at 1356 square feet, is leased as a medical office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lebanon Road Animal Hospital — 3444 Lebanon Pike, Hermitage, TN 37076
    • Baker Kay M DVM — 3444 Lebanon Pike #2006, Hermitage, TN 37076

    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6001
    Latitude
    36.1729

    Nearby Similar for Sale

    • $3,950,000
      9,892 SF

      Professional Business District Investment Property

      Located in a professional business district with long-term tenants.
      275 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • $1,590,000
      1,254 SF

      Lebanon Pike Commercial Opportunity

      Freestanding building on Lebanon Pike, Nashville. High-traffic, excellent visibility.
      4219 Lebanon Pike, Hermitage, TN 37076
      View Details
    • $3,950,000
      9,892 SF

      Retail Property Behind Walmart Center

      Retail property located behind the Walmart shopping center.
      275 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • Contact for pricing
      4,354 SF

      Retail or Office Space Available

      Excellent location for retail or office in Hermitage, Tennessee.
      241 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • $1,400,000
      4,160 SF

      Hermitage Church Building For Sale

      Church building with sanctuary, classrooms, office, and fellowship hall.
      720 Linden Green Dr, Hermitage, TN 37076
      View Details
    • $2,250,000
      9,440 SF

      Hermitage Office Building For Sale

      Office building with convenient access and signage opportunity available for purchase.
      256 Jackson Meadows Dr, Hermitage, TN
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial property suitable for office, medical, or retail use.
    Where is this medical office space located?
    The property is located at 4017 Central Pike Hermitage, TN.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Excellent Location: Less than 5 miles from Nashville International Airport, offering convenient access.; High Road Frontage: Over 450 feet of road frontage, providing significant visibility.; Versatile Development Potential: Suitable for office, medical, or retail use.
    (615) 636-8244
    We can help!
    Listing Contact
    SAM GHALI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4017 Central Pike, Hermitage, TN 37076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!