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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Office buildings
3515 Central Pike Hermitage, TN 37076-2029
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3202170
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
15,846 SF
Lot
2.71 ac (118,048 SF)
Zoning code
CS
APN
086-00-0-265-00
UPID
US80-3202170
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
-
Dr. Stephen M. Speck, DDS Dental Office
-
Blooming Goddess Locs Hair Salon
-
John Lawton Brannen Dental Office
-
Dr. Lisa Laya Physician
-
Daniel Hixon Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Donelson Property Group · 7 yrs held
Donelson Property Group
since 2019
5 recorded transactions
Zoning & alternative use
CS · Hermitage, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,565,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±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
$139 / 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
$20,642
Tax year 2023
Assessed value
$706,440
Assessed 2023
Previous assessed
$706,440
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$302,200
Assessed improvement
$404,240
Land market value
$755,500
Improvement market value
$1,010,600
Total market value
$1,766,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
15,846 SF
Lot
2.71 ac (118,048 SF)
Zoning code
CS
APN
086-00-0-265-00
UPID
US80-3202170
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Hermitage, TN
Zoning CS · permitted uses
CS · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.71 ac
Current owner
From public records · entity-resolved
Donelson Property Group
Entity
Mailing address
2517 LEBANON PIKE STE #302, NASHVILLE, TN 37214-2430
Ownership since
2019
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
Feb 6, 2019
$1,408,000
Donelson Property Group
Lynn H Cawthorne
Special Warranty Deed
$1,126,400 · First Freedom Bank
Aug 7, 2009
$51,050
Metropolitan Govt Of Nashville
Twin Oaks Holdings LLC
Warranty Deed
—
Aug 5, 2009
—
Lynn H Cawthorne
Twin Oaks Holdings LLC
Quit Claim Deed
related
—
Dec 14, 2007
$1,350,000
Twin Oaks Holdings LLC
Stones River Prof Assocs
Warranty Deed
$1,080,000 · Pinnacle National Bank
—
—
Stones River Professional Asso
—
Deed Of Trust
related
$903,619 · First Bank & Trust
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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