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Property profile & analytics
OFF-MARKET
Estimated value
$3,095,000
Warehouses
3634 Central Pike Hermitage, TN 37076-3403
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3459166
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
20,024 SF
Lot
5.64 ac (245,678 SF)
Zoning code
IWD
APN
086-00-0-326-00
UPID
US80-3459166
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
-
Nashville Boating Center (Bike/Boat/Book/etc) Store
-
Function First Furniture Production Facility Factory
-
Nashville Boating Center - Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.77M
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$3.10M
Owner & transaction history
Transform I LLC · 5 yrs held
Transform I LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
IWD · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.1M
+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
$4,005,000
ML approach
$3,770,000
CAP Approach
CAP Return
Estimation
6%
$3,330,000
6.5%
$3,075,000
7%
$2,855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,105,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$3.10M
Range $2.79M – $3.40M · ±10% · vs last sale $2.75M (Feb 12 2021)
Last sale anchor
$2.75M
Feb 12 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
$155 / 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
$66,280
Tax year 2023
Assessed value
$2,268,320
Assessed 2023
Previous assessed
$1,016,080
+123.2% YoY
Effective rate
2.92%
On assessed value
Assessed land
$214,320
Assessed improvement
$2,054,000
Land market value
$535,800
Improvement market value
$5,135,000
Total market value
$5,670,800
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
2006
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
20,024 SF
Lot
5.64 ac (245,678 SF)
Zoning code
IWD
APN
086-00-0-326-00
UPID
US80-3459166
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
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
WAREHOUSE, STORAGE Current
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
2006
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.64 ac
Current owner
From public records · entity-resolved
Transform I LLC
Entity
Mailing address
5621 OTTERSHAW CT, BRENTWOOD, TN 37027-4100
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
$2,750,000
Transform I LLC
Neighbors LLC
Special Warranty Deed
—
Jul 30, 2015
$1,845,000
Neighbors LLC
William M Little
Special Warranty Deed
$1,480,000 · The Bank Of Nashville
Mar 30, 2007
—
William M Little
—
Trustees Deed
related
$400,000 · Capital Bank & Trust Co
Mar 2, 2007
—
William M Little
—
Trustees Deed
related
$100,000 · Capital Bank & Trust Co
Sep 5, 2006
—
William M Little
—
Trustees Deed
related
$425,000 · Capital Bank & Trust Co
Apr 3, 2002
$650,000
William M Little
Binkley,odell
Grant Deed
$763,993 · Capital Bank & Trust Co
Nov 26, 1997
—
Spire
—
Deed Of Trust
related
—
—
—
William M Little
—
Deed Of Trust
related
$200,000 · Odell JR Binkley
—
—
William M Little
—
Deed Of Trust
related
$90,000 · Capital Bank & Trust Co
—
—
William M Little
—
Deed Of Trust
related
$973,102 · Renasant 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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