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Property profile & analytics
OFF-MARKET
Commercial land

4007 Ml Rd Hermitage, TN 37076-2909

2.14 ac lot
Entity Owned 20-yr Hold Free & Clear
Property ID
US80-0087109
Property summary
AI-generated overview

This exceptional 2.14-acre commercial land parcel presents a prime development opportunity in Nashville's thriving Hermitage area. Strategically located at the intersection of I-40 West, Old Hickory Boulevard, and Mills Road, this fee-simple property boasts unparalleled visibility and accessibility. Zoned "CL" for commercial use, it offers significant potential for a variety of developments, including hotels, self-storage facilities, retail centers, or single-tenant commercial buildings. All utilities are conveniently located at the Mills Road frontage. The property's proximity to Nashville International Airport (within 4 miles), downtown Nashville (9.1 miles), and the Hermitage Estate adds to its desirability. Nearby amenities include numerous restaurants, gas stations, grocery stores, and other retail establishments. The property has already received approvals for both hospitality and self-storage projects. This exceptional site is priced competitively at $1,300,000, offering a compelling investment opportunity in a rapidly growing market. The parcel's APN is #097-00-0-112.0. This is a rare chance to acquire a well-situated commercial land tract with significant upside potential.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.14 ac (93,218 SF)
Zoning code CL
APN 097-00-0-112-00
UPID US80-0087109
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Laxmi Plaza LLC · 20 yrs held
Laxmi Plaza LLC
since 2006
2 recorded transactions
2006
Price N/A
1969
Price N/A
Zoning & alternative use
CL · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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