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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Office buildings
3603 Central Pike Hermitage, TN 37076-3404
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1144863
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
5,080 SF
Lot
4.85 ac (211,266 SF)
Zoning code
IWD
APN
086-00-0-175-00
UPID
US80-1144863
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
-
Sweeping Corp of America Sanitation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.56M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.43M
Owner & transaction history
Cp Real Estate LLC · 4 yrs held
Cp Real Estate LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
IWD · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+53.9%
Medical building
$1.4M
+2.5%
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
$1,395,000
ML approach
$1,555,000
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,400,000
Current use
RETAIL STORES
$2,150,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$1,435,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,295,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.95M (Jan 5 2022)
Last sale anchor
$1.95M
Jan 5 2022
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
$281 / 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
$8,547
Tax year 2023
Assessed value
$292,520
Assessed 2023
Previous assessed
$292,520
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$129,000
Assessed improvement
$163,520
Land market value
$322,500
Improvement market value
$408,800
Total market value
$731,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,080 SF
Lot
4.85 ac (211,266 SF)
Zoning code
IWD
APN
086-00-0-175-00
UPID
US80-1144863
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
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.85 ac
Current owner
From public records · entity-resolved
Cp Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5129 WALNUT PARK DR, BRENTWOOD, TN 37027-5807
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$1,950,000
Cp Real Estate LLC
Mohammed Taghi Oftadeh
Warranty Deed
—
Jan 5, 2022
—
Cp Real Estate LLC
Mohammed Taghi Oftadeh
Quit Claim Deed
related
—
Apr 1, 2021
—
Mohammad Taghi Oftadeh
—
Deed
related
$1,072,000 · Cb&s Bank INC
May 5, 2004
—
Mohammad T Oftadeh
Binkley,john M & Leighsa
Quit Claim Deed
related
$300,000 · Robert H Stratton
May 4, 2004
$750,000
Mohammad T Oftadeh
Binkley,john M & Leighsa
Quit Claim Deed
related
$300,000 · John M & Leighsa Binkley
—
—
Mohammad T Oftadeh
—
Deed Of Trust
related
$250,000 · Amsouth 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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