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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Medical Office Space
3786 Central Pike Hermitage, TN 37076-3497
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-3252163
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
19,719 SF
Lot
2.74 ac (119,354 SF)
Zoning code
MUL
APN
086-00-0-139-00
UPID
US80-3252163
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
-
Vafai Parvin MD Pediatrician Medical Clinic
-
Cumberland Skin Surgery & Dermatology at Hermitage Physician Medical Clinic
-
Cumberland Skin Center for Clinical Research Medical Clinic
-
Summit Family Dental, Dental Office
-
Anna Manneschmidt Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.68M
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$4.98M
Owner & transaction history
Randal Vasar LLC · 8 yrs held
Randal Vasar LLC
since 2018
5 recorded transactions
Zoning & alternative use
MUL · 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%
$5,070,000
6.5%
$4,680,000
7%
$4,345,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,560,000
Current use
OFFICE BUILDING
$5,430,000
Change: -2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,025,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±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
$252 / 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
$53,836
Tax year 2023
Assessed value
$1,842,440
Assessed 2023
Previous assessed
$1,842,440
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$429,680
Assessed improvement
$1,412,760
Land market value
$1,074,200
Improvement market value
$3,531,900
Total market value
$4,606,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
4
Total area
19,719 SF
Lot
2.74 ac (119,354 SF)
Zoning code
MUL
APN
086-00-0-139-00
UPID
US80-3252163
Jurisdiction
DAVIDSON
Zoning & alternative use
MUL · Hermitage, TNZoning MUL · permitted uses
MUL · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
MEDICAL BUILDING Current
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
4
Lot
2.74 ac
Current owner
From public records · entity-resolved
Randal Vasar LLC
Entity
Mailing address
1314 HARDING PL, NASHVILLE, TN 37215-4319
Ownership since
2018
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 22, 2018
$52,000
Randal Vasar LLC
Central Pike Investors LLC
Warranty Deed
$4,000,000 · Reliant Bank
Oct 23, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 9, 2008
$700,000
Central Pike Investors LLC
Binkley,odell & Mary E
Warranty Deed
—
Jan 5, 2005
—
Odell Binkley JR.
—
Trustees Deed
related
$300,000 · Capital Bank & Trust Co
Dec 29, 2003
$196,500
Odell Binkley
Kay,leah N & Mark E
Grant Deed
—
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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