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Property profile & analytics
OFF-MARKET
Estimated value
$7,135,000
Drug stores
3801 Hillsboro Pike, Nashville, TN 37215-2666
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1139201
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1971
Total area
15,268 SF
Lot
0.92 ac (40,075 SF)
Zoning code
SCR
APN
117-15-0-001-00
UPID
US80-1139201
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
-
Cynthia Hine Physician
-
Terralyn Thomas Physician
-
UPS Access Point location Courier Service Postal Service
-
Mary W. Darden, APN Physician
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$7.14M
Owner & transaction history
Metropolitan Government Of Nashvill · 3 yrs held
Metropolitan Government Of Nashvill
since 2022
Last sale
$7.4M
3 recorded transactions
Zoning & alternative use
SCR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.3M
+31.1%
Commercial (general)
$7.7M
+8.5%
Restaurant
$7.5M
+6.8%
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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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
$6,790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,060,000
Current use
AUTO REPAIR, GARAGE
$9,255,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,665,000
Change: +9% · Conversion: Easy
RESTAURANT
$7,540,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$7.14M
Range $6.42M – $7.85M · ±10% · vs last sale $7.35M (Dec 20 2022)
Last sale anchor
$7.35M
Dec 20 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
$467 / 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
Previous assessed
$3,284,640
Land market value
$6,211,600
Improvement market value
$2,000,000
Total market value
$8,211,600
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1971
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,268 SF
Lot
0.92 ac (40,075 SF)
Zoning code
SCR
APN
117-15-0-001-00
UPID
US80-1139201
Jurisdiction
DAVIDSON
Zoning & alternative use
SCR · Nashville, TN
Zoning SCR · permitted uses
SCR · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RESTAURANT
Est. value
$7.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1971
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Metropolitan Government Of Nashvill
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 196300, NASHVILLE, TN 37219-6300
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
$7,350,000
Metropolitan Government Of Nashvill
Tennessee Cvs Pharmacy LLC
Special Warranty Deed
—
Nov 8, 2017
—
Gregory,theodore R & Suzanne L Trust
Reiss,theodore F
Quit Claim Deed
related
—
Jan 14, 2010
—
Tennessee Cvs Pharmacy LLC
Hook-superx LLC
Warranty 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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