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Property profile & analytics
OFF-MARKET
Estimated value
$3,670,000
Office Spaces
15065 Lebanon Rd Old Hickory, TN 37138-1809
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1638935
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Total area
19,764 SF
Lot
2.4 ac (104,544 SF)
APN
052 01200
UPID
US80-1638935
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
-
ECI Electrical Service General Contractor
-
American Business Copiers, Inc. Big Box & Wholesale Store
-
BTJ Insurance Inc: Nationwide Insurance Insurance Agency
-
BTJ Insurance Insurance Agency
-
Padgett Advisors of Middle Tennessee Inc Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$3.67M
Owner & transaction history
Hillman E Manger III · 6 yrs held
Hillman E Manger III
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.0M
+7.8%
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%
$4,210,000
6.5%
$3,885,000
7%
$3,610,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,680,000
Current use
MEDICAL BUILDING
$5,045,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,865,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.67M
Range $3.30M – $4.04M · ±10%
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
$186 / 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
$11,014
Tax year 2023
Assessed value
$545,520
Assessed 2023
Previous assessed
$545,520
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$178,160
Assessed improvement
$367,360
Land market value
$445,400
Improvement market value
$918,400
Total market value
$1,363,800
Applied tax rate
95.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
8
Total area
19,764 SF
Lot
2.4 ac (104,544 SF)
APN
052 01200
UPID
US80-1638935
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1978
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
8
Lot
2.4 ac
Current owner
From public records · entity-resolved
Hillman E Manger III
Individual
Mailing address
4665 CHANDLER RD, HERMITAGE, TN 37076-4206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 23, 2020
—
Hillman E Manger III
—
Deed Of Trust
related
$400,000 · Southern Bk/tn
—
—
Hillman E Manger III
—
Loan Modification
related
$200,000 · Southern Bk/tn
—
—
Hillman E Manger III
—
Deed Of Trust
related
$375,000 · Suntrust Bank NA
—
—
Hillman E Manger III
—
Deed Of Trust
related
$151,071 · Southern Bk/tn
—
—
Hillman E Manger III
—
Deed Of Trust
related
$100,000 · Southern Bk/tn
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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