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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Drug stores
1241 Robinson Rd, Old Hickory, TN 37138-3345
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3562409
Property summary
AI-generated overview
This exceptional 16,210-square-foot medical office building, situated on a 2.14-acre lot at 1241 Robinson Rd, Nashville, TN 37138, presents a unique investment opportunity. Built in 2002 and extensively renovated in 2023, the single-story building features a total of five suites. Currently, 8,000 square feet of space is available, divisible into units ranging from 2,000 to 8,000 contiguous square feet. The building offers ample parking with 60 spaces and is zoned MUL. The property boasts a convenient location with easy access via Robinson Rd and Martingale. The owner will occupy approximately 8,000 square feet, leaving the remaining space ideal for a compatible medical tenant seeking a first, second, or third office location. The building is being renovated to create 3-4 suites, each with its own separate entrance. Prospective tenants should be compatible with an existing home health care and medical supply business. The property's address is 1241 Robinson Rd, Nashville, TN 37138, with the APN 04414014500. This is a rare opportunity to secure high-quality medical office space in a thriving Nashville neighborhood.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Total area
16,927 SF
Lot
2.14 ac (93,218 SF)
Zoning code
MUL
APN
044-14-0-145-00
UPID
US80-3562409
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
-
Phillip C. Moss, PharmD Pharmacy
-
Old Hickory Social Shopping Center & Mall
-
Black Sheep Boutique Clothing & Fashion Store
-
The Eras Vault Clothing Store
-
Creative Space Collaborative (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$2.62M
Owner & transaction history
Papa Romero Holdings LLC · 4 yrs held
Papa Romero Holdings LLC
since 2022
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
MUL · Old Hickory, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
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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
$2,590,000
ML approach
$2,595,000
CAP Approach
CAP Return
Estimation
6%
$3,375,000
6.5%
$3,115,000
7%
$2,895,000
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.65M (Feb 7 2022)
Last sale anchor
$2.65M
Feb 7 2022
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
$155 / 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
$30,973
Tax year 2023
Assessed value
$1,060,000
Assessed 2023
Previous assessed
$1,060,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$268,480
Assessed improvement
$791,520
Land market value
$671,200
Improvement market value
$1,978,800
Total market value
$2,650,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,927 SF
Lot
2.14 ac (93,218 SF)
Zoning code
MUL
APN
044-14-0-145-00
UPID
US80-3562409
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.
Building & site characteristics
From public records
Year built
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Papa Romero Holdings LLC
Entity
Mailing address
3524 CENTRAL PIKE STE #310, HERMITAGE, TN 37076-2074
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
$2,650,000
Papa Romero Holdings LLC
Oates Creek LLC
Special Warranty Deed
$2,120,000 · Regions Bank
Jan 27, 2022
—
Walgreen Co
Oates Creek LLC
Lease
—
Jul 2, 2014
$2,500,000
Oates Creek LLC
Jack & Elisa Klein Foundation
Grant Deed
—
Jan 20, 2004
$2,400,000
Jack Klein
Eckerd Corp
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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