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

    1241 Robinson Rd Old Hickory, TN 37138-3345

    • Drug stores
    • 16,927 SF
    • 2.14 lot acres
    OFF-MARKET
    Last Sale
    Feb 07, 2022
    $2,650,000
    Value Estimations
    $2,530,000
    Show details
    Cap Rate Potential
    7.8%
    Drug stores
    Location Intelligence
    Property ID
    US80-3562409
    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

    • Phillip C. Moss, PharmD / Pharmacy
    • Old Hickory Social / Retail Space Rental Agency
    • Black Sheep Boutique / Boutique
    • The Eras Vault / Clothing Store
    • Creative Space Collaborative / Craft Store

    Property Details for 1241 Robinson Rd

    Year built
    2002
    Lot size
    2.14 lot acres
    Property size
    16,927 SF
    Zone code
    MUL
    Property type
    Drug stores
    APN
    044-14-0-145-00
    APU
    4414014500

    Description

    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.

    Value 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

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,581,000
      Market price range: $1.09M - $2.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Hickory
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6573
    Latitude
    36.2587
    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
    $30,973
    $268,480
    $791,520
    $1,060,000
    -
    $671,200
    $1,978,800
    $2,650,000

    Comparable in this City

    • Value Estimation by Request
      5,543 SF

      521 Old Hickory Blvd

      Individual retail properties • 5,543 SF
      521 Old Hickory Blvd, Nashville, TN 37138
      View Details
    • Value Estimation
      $350,000
      975 SF

      519 Old Hickory Blvd

      LAUNDROMAT (SELF-SERVICE) • 975 SF
      519 Old Hickory Blvd, Old Hickory, TN 37138-3158
      View Details
    • Value Estimation
      $255,000
      14,084 SF

      14665 Lebanon Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,084 SF
      14665 Lebanon Rd, Old Hickory, TN 37138-4676
      View Details
    • Value Estimation
      $260,000
      7,874 SF

      14390 Lebanon Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,874 SF
      14390 Lebanon Rd, Old Hickory, TN 37138-1699
      View Details
    • Value Estimation
      $395,000
      1,344 SF

      14422 Lebanon Rd

      GROCERY, SUPERMARKET • 1,344 SF
      14422 Lebanon Rd, Old Hickory, TN 37138-1650
      View Details
    • Value Estimation
      $305,000
      2,430 SF

      15333 Lebanon Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,430 SF
      15333 Lebanon Rd, Old Hickory, TN 37138-1803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,300 SF

      Retail Building with Private Offices

      2,300 SF retail building featuring private offices and security.
      3610 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      5,543 SF

      Historic Building in Old Hickory

      Stunning building with commercial, residential, and storage units.
      521 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      5,543 SF

      Nashville Retail Redevelopment Opportunity

      Historic building, high NOI potential
      521 Old Hickory Blvd, Nashville, TN 37138
      View Details
    • Contact for pricing
      8,400 SF

      New Construction Retail Property

      100% leased new construction retail property in high-traffic area.
      512 Robinson Rd, Old Hickory, TN 37138
      View Details
    • $369,900

      Seven-Unit Townhouse Multi-Family Project

      Seven-unit townhouse style multi-family project, perfect for build-to-rent.
      117 Bridgeway Ave, Old Hickory, TN 37138
      View Details
    • $160,000

      Commercial Lot Ready to Build

      Cleared commercial lot zoned CS with easy highway access.
      305 Bridgeway Ave, Old Hickory, TN 37138
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,200 SF

      Retail Space in Granwood Village

      Retail space for lease in a busy shopping center.
      4331 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      13,280 SF

      Prime Old Hickory Office Building

      13,280 SF Office, 0.83 Acres
      925 Industrial Dr, Nashville, TN 37138
      View Details
    • $9 SF/Yr
      40,000 SF

      Industrial Space in Old Hickory

      40,000 SF industrial space available for lease.
      740-760 Hickory Industrial Dr, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      13,280 SF

      Corner Lot Office Space Available

      Office building with paved parking and signage, convenient location.
      925 Robinson Rd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Warehouse Space Available

      20,000 sqft warehouse space for rent in Nashville.
      931b Robinson Rd, Old Hickory, TN 37138
      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.
    1241 Robinson Rd
    Old Hickory, TN 37138-3345
    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.