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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1187 Old Hickory Blvd Brentwood, TN 37027-4240

    • Office buildings
    • 13,844 SF
    • 1.46 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2021
    Value Estimations
    $2,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0602472
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • John David Rosdeutscher MD / Physician / Medical Clinic
    • Steve Sommers / Marriage Or Relationship Counselor
    • Gregory P. Skye, DC / Alternative Medicine Practice

    Property Details for 1187 Old Hickory Blvd

    Year built
    2002
    Lot size
    1.46 lot acres
    Property size
    13,844 SF
    Zone code
    OL
    Property type
    Office buildings
    APN
    159-00-0-111-00
    APU
    15900011100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,115,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brentwood
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.815
    Latitude
    36.0394
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,064
    $712,320
    $487,680
    $1,200,000
    -
    $1,780,800
    $1,219,200
    $3,000,000

    Comparable in this City

    • Value Estimation
      $28,925,000
      136,527 SF

      310 7th Spgs Way

      OFFICE BUILDING • 136,527 SF
      310 7th Spgs Way, Brentwood, TN 37027-5789
      View Details
    • Value Estimation
      $18,605,000
      148,540 SF

      5141 Virginia Way

      OFFICE BUILDING • 148,540 SF
      5141 Virginia Way, Brentwood, TN 37027-7572
      View Details
    • Value Estimation
      $1,075,000
      6,102 SF

      5038 Thoroughbred Ln

      OFFICE BUILDING • 6,102 SF
      5038 Thoroughbred Ln, Brentwood, TN 37027-4225
      View Details
    • Value Estimation
      $1,225,000
      7,372 SF

      5034 Thoroughbred Ln

      OFFICE BUILDING • 7,372 SF
      5034 Thoroughbred Ln, Brentwood, TN 37027-4231
      View Details
    • Value Estimation by Request
      2.17 Acres

      Maryland Way

      OFFICE BUILDING • 2.17 Acres
      Maryland Way, Brentwood, TN 37027
      View Details
    • Value Estimation
      $6,195,000
      43,881 SF

      761 Old Hickory Blvd

      OFFICE BUILDING • 43,881 SF
      761 Old Hickory Blvd, Brentwood, TN 37027-4513
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Office building in prestigious Maryland Farms location with ample parking.
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      53,000 SF

      Two-Story Office Building For Sale

      53,000 SF two-story building on 4.36 acres.
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    • $578,900
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      Brentwood Office Space: Prime Location

      Renovated Office, Ideal for Business
      5120 Virginia Way, Brentwood, TN 37027
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    • $3,265,000
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      Brentwood Office Building - Prime Location

      7,256 sq ft Office, 0.99 Acres
      1668 Mallory Ln, Brentwood, TN 37027
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      2,549 SF

      Brentwood Office Space Available

      2,549 SF office suite in a convenient Brentwood location.
      9019 Overlook Blvd, Brentwood, TN 37027
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    • $589,999

      Well-Maintained Office Space Available

      Office space with reception, offices, workstation, and kitchenette.
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    Similar Nearby for Lease

    • $32 SF/Yr
      14,365 SF

      Class A Office Space Available

      Class A office building with recent renovations and convenient location.
      9020 Overlook Blvd, Brentwood, TN 37027
      View Details
    • $28 SF/Yr
      24,664 SF

      Brentwood Office Building For Rent

      Office building in Brentwood with upcoming major renovations.
      111 Westwood Pl, Brentwood, TN 37027
      View Details
    • Contact for pricing
      27,736 SF

      Maryland Farms Office Building

      Four-story office building in Maryland Farms Business Park.
      5301 Virginia Way, Brentwood, TN 37027
      View Details
    • Contact for pricing
      26,547 SF

      Brentwood Office Building For Rent

      Four-story office building with amenities in a prime location.
      5410 Maryland Way, Brentwood, TN 37027
      View Details
    • Contact for pricing

      Standalone Building with Interstate Visibility

      Office building with convenient access and individual HVAC system.
      500 Wilson Pike Cir, Brentwood, TN 37027
      View Details
    • $29 SF/Yr
      3,268 SF

      Class A Office Space Available

      Recently renovated Class A office building with high traffic exposure.
      105 Continental Pl, Brentwood, TN 37027
      View Details
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    Brentwood, TN 37027-4240
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    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
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