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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Drug stores
400 Tulip Grv Rd, Hermitage, TN 37076-1750
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-3523921
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Total area
14,508 SF
Lot
3.05 ac (132,858 SF)
Zoning code
R10
APN
076-01-0-138-00
UPID
US80-3523921
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
-
Walgreens Pharmacy Pharmacy
-
Ronald C. Norris, RPH Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.63M
Owner & transaction history
6la Partners LLC · 6 yrs held
6la Partners LLC
since 2019
6 recorded transactions
Zoning & alternative use
R10 · 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%
$2,895,000
6.5%
$2,670,000
7%
$2,480,000
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±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
$181 / 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
$51,018
Tax year 2023
Assessed value
$1,746,000
Assessed 2023
Previous assessed
$1,746,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$137,760
Assessed improvement
$1,608,240
Land market value
$344,400
Improvement market value
$4,020,600
Total market value
$4,365,000
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
1999
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,508 SF
Lot
3.05 ac (132,858 SF)
Zoning code
R10
APN
076-01-0-138-00
UPID
US80-3523921
Jurisdiction
DAVIDSON
Zoning & alternative use
R10 · Hermitage, TN
Zoning R10 · permitted uses
R10 · 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.
Building & site characteristics
From public records
Year built
1999
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
6la Partners LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2019
$4,325,000
6la Partners LLC
Norton Hermitage LLC
Grant Deed
$3,243,750 · Bank Of America
Oct 30, 2019
—
6la Partners LLC
Norton Hermitage LLC
Grant Deed
related
—
Feb 2, 2015
—
Norton Hermitage LLC
Quintessa Huey
Assignment Of Lease (leasehold Sale)
—
Jan 14, 2005
$4,000,000
Norton Hermitage LLC
Quintin Huey
Warranty Deed
$2,400,000 · Nomura Credit & Capital INC
Dec 19, 2003
—
Huey-fong,tr
Joint Venture LLC
Grant Deed
related
$2,681,226 · Solano Bank
Jan 16, 2002
$3,370,786
Joint Venture LLC
Tulip Grove LLC
Grant Deed
$2,350,000 · M & I Marshall & Isley 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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