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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Warehouses
3501 Hermitage Industrial Dr Hermitage, TN 37076-2045
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-1282751
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
12,000 SF
Lot
8.68 ac (378,101 SF)
Zoning code
IWD
APN
086-00-0-184-00
UPID
US80-1282751
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
-
Sky Mechanics, LLC Auto Repair Shop
-
Premium Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.40M
Owner & transaction history
Lmo Properties LLC · 10 yrs held
Lmo Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
IWD · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+31.6%
Office building
$3.3M
+28.4%
Neighborhood: shopping center
$3.1M
+18.9%
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 Hermitage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermitage 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%
$1,995,000
6.5%
$1,840,000
7%
$1,710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,575,000
Current use
MEDICAL BUILDING
$3,385,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$3,305,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,060,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±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
$200 / 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
$66,076
Tax year 2023
Assessed value
$2,261,320
Assessed 2023
Previous assessed
$2,261,320
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$185,480
Assessed improvement
$2,075,840
Land market value
$463,700
Improvement market value
$5,189,600
Total market value
$5,653,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
SPACE
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
12,000 SF
Lot
8.68 ac (378,101 SF)
Zoning code
IWD
APN
086-00-0-184-00
UPID
US80-1282751
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Hermitage, TN
Zoning IWD · permitted uses
IWD · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermitage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
SPACE
Cooling
Yes
Stories
1
Buildings
6
Lot
8.68 ac
Current owner
From public records · entity-resolved
Lmo Properties LLC
Entity
Mailing address
3535 HERMITAGE INDUSTRIAL DR, HERMITAGE, TN 37076-2045
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2016
—
Lmo Properties LLC
Bel Properties LLC
Quit Claim Deed
related
$1,815,900 · Bancorpsouth
Oct 17, 2013
$1,200,000
Bel Properties LLC
Bdlm Properties INC
Warranty Deed
$1,200,000 · Bancorpsouth Bank
Oct 17, 2013
—
Bdlm Properties INC
Binkley Family LLC
Grant Deed
related
—
Mar 24, 2008
$1,908,925
Bdlm LLC
Binkley Family LLC
Quit Claim Deed
related
$1,908,925 · Binkley Family LLC
Apr 14, 2005
—
Binkley Family LLC
Binkley,odell JR & Mary E
Quit Claim Deed
related
—
Aug 30, 1996
$250,000
Odell Binkley JR.
Unknown
Grant Deed
$135,000 · First Tennessee Bank National
Aug 19, 1992
$250,000
Odell Binkley JR.
Unknown
Grant Deed
—
—
—
Bel Properties LLC
—
Loan Modification
related
$700,000 · Bancorpsouth
—
—
Bel Properties LLC
—
Deed Of Trust
related
$270,000 · Bancorpsouth
—
—
Odell Binkley
—
Deed Of Trust
related
$1,243,483 · Regions Bank
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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