Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    121 Hickory Trce Dr Nashville, TN 37211-7570

    • Specialty properties
    • 2,312 SF
    • 20.95 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0464229
    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

    • The Residences at Stonebrook Apartment Homes / Apartment Complex / Apartment Building

    Property Details for 121 Hickory Trce Dr

    Year built
    1976
    Construction
    FRAME
    Lot size
    20.95 lot acres
    Property size
    2,312 SF
    Zone code
    RM15
    Property type
    Specialty properties
    APN
    161-00-0-169-00
    APU
    16100016900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7181
    Latitude
    36.047
    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
    $516,002
    $1,920,000
    $13,937,460
    $15,857,460
    -
    $4,800,000
    $34,843,650
    $39,643,650

    Comparable in this City

    • Value Estimation
      $645,000
      10,565 SF

      Bell Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 10,565 SF
      Bell Rd, Nashville, TN 37211
      View Details
    • Value Estimation by Request
      3,876 SF

      1178 Antioch Pike

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,876 SF
      1178 Antioch Pike, Nashville, TN 37211-3102
      View Details
    • Value Estimation
      $1,945,000
      7,524 SF

      5714 Edmondson Pikec

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,524 SF
      5714 Edmondson Pikec, Nashville, TN 37211-6754
      View Details
    • Value Estimation
      $380,000
      9,908 SF

      1185 Antioch Pike

      PROFESSIONAL CLUBS/ASSOCIATIONS • 9,908 SF
      1185 Antioch Pike, Nashville, TN 37211-3101
      View Details
    • Value Estimation
      $265,000
      1,954 SF

      5099 Linbar Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,954 SF
      5099 Linbar Dr, Nashville, TN 37211-8201
      View Details
    • Value Estimation
      $455,000
      5,156 SF

      5204 Edmondson Pike

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,156 SF
      5204 Edmondson Pike, Nashville, TN 37211-5160
      View Details

    Similar Nearby for Sale

    • $225,000
      1,480 SF

      End-Unit Townhome with Community Pool

      Townhome with recent upgrades, community pool, and convenient location.
      5510 Country Dr, Nashville, TN 37211
      View Details
    • $3,429,000
      3,061 SF

      Highway 100 Retail Investment

      NNN leased Zaxby's with strong sales and rental income.
      5228 Nolensville Pike, Nashville, TN 37211
      View Details
    • $450,000
      1,120 SF

      Turnkey Recording Studio – Double Unit Commercial Space (1,120 SF) Units A1 and A2

      Turnkey Recording Studio – Double Unit Commercial Space (1,120 SF) Units A1 and A2
      5722 Hickory Plz, Nashville, TN 37211
      View Details
    • $275,000

      Residential Land with City Views

      Land for sale in Frank Lloyd Wright–inspired community.
      5809 Woodland Hills Dr, Nashville, TN 37211
      View Details
    • $199,900
      1,043 SF

      Nashville Condo with Community Amenities

      Move-in ready condo near interstates, universities, and Nashville hotspots.
      2929 Selena Dr, Nashville, TN 37211
      View Details
    • $1,000,000
      2,038 SF

      Restaurant/Retail Property Near Nolensville Pike

      Commercial property near Nolensville Pike with high visibility and accessibility.
      395 Haywood Ln, Nashville, TN 37211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      269,380 SF

      Nashville Warehouse - 269,380 SF

      Prime Nashville industrial warehouse, multiple suites available.
      427 Mcnally Dr, Nashville, TN 37211
      View Details
    • $3,000 /Mo
      1,679 SF

      1,679 SF Office Space For Lease

      1,679 SF Office Space For Lease
      3343 Perimeter Hill Dr, Nashville, TN 37211
      View Details
    • $2,850 /Mo
      1,900 SF

      1,900 SF Office Space For Lease

      1,900 SF Office Space For Lease
      392 Harding Pl, Nashville, TN 37211
      View Details
    • $5,600 /Mo
      5,000 SF

      Rear Portion of COIT CARPET CLEANING Building For Lease

      Rear Portion of COIT CARPET CLEANING Building For Lease
      1184 Antioch Pike, Nashville, TN 37211
      View Details
    • $23 SF/Yr
      157,752 SF

      Nashville Office Space For Rent

      157,752 square foot office space available for lease.
      648 Grassmere Park, Nashville, TN 37211
      View Details
    • $8 SF/Yr
      40,250 SF

      Nashville Warehouse with Office Space

      40,250 SF warehouse with office near Nashville Airport.
      432-434 Harding Industrial Dr, Nashville, TN 37211
      View Details
    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.
    121 Hickory Trce Dr
    Nashville, TN 37211-7570
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.