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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
105 24th St Sta A Old Hickory, TN 37138-2503
Individually Owned
9-yr Hold
Free & Clear
Property ID
US80-1424203
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1930
Total area
2,212 SF
Lot
0.06 ac (2,614 SF)
Zoning code
MUL
APN
053-08-0-044-00
UPID
US80-1424203
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
$365k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$570k
Owner & transaction history
Jason Bockman · 9 yrs held
Jason Bockman
since 2017
5 recorded transactions
Zoning & alternative use
MUL · Old Hickory, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$935,000
+66.2%
Medical building
$625,000
+10.7%
Office building
$610,000
+8.0%
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 Old Hickory submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Hickory 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Current use
RETAIL STORES
$935,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$625,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$475,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$258 / 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
$2,803
Tax year 2023
Assessed value
$95,920
Assessed 2023
Previous assessed
$95,920
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$3,840
Assessed improvement
$92,080
Land market value
$9,600
Improvement market value
$230,200
Total market value
$239,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1930
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
4
Bathrooms
3
Total area
2,212 SF
Lot
0.06 ac (2,614 SF)
Zoning code
MUL
APN
053-08-0-044-00
UPID
US80-1424203
Jurisdiction
DAVIDSON
Zoning & alternative use
MUL · Old Hickory, TN
Zoning MUL · permitted uses
MUL · Old Hickory, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Hickory. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$565,000
RETAIL STORES
Est. value
$935,000
MEDICAL BUILDING
Est. value
$625,000
OFFICE BUILDING
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$475,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1930
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Rooms
4
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jason Bockman
Individual
Free & Clear · 9 yrs held
Mailing address
1598 GUILL RD, MOUNT JULIET, TN 37122-3725
Ownership since
2017
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
Jul 19, 2017
$135,000
Jason Bockman
Frogge,katherine
Warranty Deed
—
Feb 3, 1995
$65,000
James G Frogge
Forgge,james G
Grant Deed
$45,332 · David C Watkins Etux
Feb 1, 1995
$65,000
James G Forgge
—
Grant Deed
related
—
—
—
James G Frogge
—
Deed Of Trust
related
$170,392 · Bank Of The South
—
—
James G Frogge
—
Deed Of Trust
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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