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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Drive through restaurants
1516 Robinson Rd Old Hickory, TN 37138-2812
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0097929
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1953
Construction
FRAME
Total area
1,996 SF
Lot
1.91 ac (83,200 SF)
Zoning code
MULTI-ZONE
APN
053-02-0-085-00
UPID
US80-0097929
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$640k
Owner & transaction history
Cvhc8 LLC · 5 yrs held
Cvhc8 LLC
since 2021
Last sale
$615,000
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · 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)
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
$715,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$995,000
Current use
AUTO REPAIR, GARAGE
$975,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: -5% · Conversion: Easy
RETAIL STORES
$845,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $615k (Apr 15 2021)
Last sale anchor
$615k
Apr 15 2021
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
$321 / 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
$5,006
Tax year 2023
Assessed value
$171,320
Assessed 2023
Previous assessed
$98,720
+73.5% YoY
Effective rate
2.92%
On assessed value
Assessed land
$96,360
Assessed improvement
$74,960
Land market value
$240,900
Improvement market value
$187,400
Total market value
$428,300
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1953
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Total area
1,996 SF
Lot
1.91 ac (83,200 SF)
Zoning code
MULTI-ZONE
APN
053-02-0-085-00
UPID
US80-0097929
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Old Hickory, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES
Est. value
$845,000
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1953
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Cvhc8 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1728 GENERAL GEORGE PATTON DR STE #200, BRENTWOOD, TN 37027-2861
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
$615,000
Cvhc8 LLC
Charles A Kotlaris
Warranty Deed
—
Jul 31, 2019
—
Charles A Kotlaris
—
Deed
related
$221,921 · Vaughn Brenda G Trust (pt)
Jul 30, 2014
$225,000
Charles A Kotlaris
Vaughn Brenda G Trust
Warranty Deed
$202,500 · Vaughn Brenda G Trust (pt)
Oct 31, 2013
—
Vaughn,brenda G Trust
Vaughn Brenda G
Quit Claim Deed
related
—
Nov 14, 2011
—
Brenda G Vaughn
Vaughn,donald E
Quit Claim Deed
related
—
Nov 1, 2002
$194,500
Donald E Vaughn
Harrison,robert E & Lisa G
Grant Deed
—
Apr 27, 1993
$55,000
Michael L Joyce
Unknown
Grant Deed
—
Sep 3, 1991
$100,000
Roscoe D Gallaher
Unknown,
Grant Deed
—
—
—
Charles A Kotlaris
—
Loan Modification
related
$221,921 · Vaughn Brenda G Trust (pt)
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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