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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Strip malls
1051 Donelson Ave Old Hickory, TN 37138-3110
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-3541613
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Total area
3,065 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CS
APN
044-15-0-431-00
UPID
US80-3541613
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
Current use
Occupant on record · Public records
-
Village Barber Shop Barber Shop
-
Uncommon Grounds Mural Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$710k
Owner & transaction history
Russell Parrish · 2 yrs held
Russell Parrish
since 2024
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
CS · Old Hickory, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$865,000
+10.7%
Office building
$845,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Current use
MEDICAL BUILDING
$865,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$655,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $700k (Apr 18 2024)
Last sale anchor
$700k
Apr 18 2024
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
$232 / 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
$5,441
Tax year 2023
Assessed value
$186,200
Assessed 2023
Previous assessed
$186,200
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$23,520
Assessed improvement
$162,680
Land market value
$58,800
Improvement market value
$406,700
Total market value
$465,500
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
1976
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,065 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CS
APN
044-15-0-431-00
UPID
US80-3541613
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Old Hickory, TN
Zoning CS · permitted uses
CS · 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
$780,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Russell Parrish
Individual
Free & Clear · 2 yrs held
Mailing address
405 HAPPY HOLW RD, GOODLETTSVILLE, TN 37072-8404
Ownership since
2024
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 18, 2024
$700,000
Russell Parrish
Michael K Vaughn
Warranty Deed
—
Oct 31, 2013
—
Vaughn,brenda G Trust
Vaughn Brenda G
Quit Claim Deed
related
—
Nov 14, 2011
—
Brenda G Vaughn
Vaughn,donald E
Quit Claim Deed
related
—
Sep 19, 2006
$402,000
James R Yates
Crossman,james A
Warranty Deed
$301,500 · James A & Mary B Crossman
Oct 15, 1992
$52,000
Donald Vaughn
Unknown
Grant 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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