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Property profile & analytics
FOR SALE
Strip malls

4017 Central Pike Hermitage, TN 37076

1,538 SF 1.68 ac lot Built 1940
Individually Owned 2-yr Hold Free & Clear
Property ID
US80-1924818
Property summary
AI-generated overview

This 1,356 square foot retail property, situated on a 1.68-acre lot at 4017 Central Pike in Hermitage, TN, presents a unique investment opportunity. Boasting over 450 feet of road frontage, this strategically located property offers exceptional visibility and accessibility. Its proximity to Nashville International Airport (within 5 miles), Old Hickory Boulevard (a few hundred feet), and TriStar Summit Medical Center (less than half a mile) ensures high traffic volume and diverse potential clientele. The property is currently leased as a medical office, providing immediate income potential. Concept drawings are available upon request, illustrating the versatility of the site for various uses, including office, medical, and retail establishments. Importantly, all water and sewer capacity fees have already been paid, eliminating significant upfront costs for future development or expansion. This prime location and the existing infrastructure make this an exceptional opportunity for investors seeking a high-return property with significant upside potential in a rapidly growing area. The possibilities are truly endless.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1940
Construction FRAME
Total area 1,538 SF
Lot 1.68 ac (73,181 SF)
Zoning code CS
APN 086-00-0-084-00
UPID US80-1924818
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
$700k
CAP Approach CAP
$505k
Comparable Approach Comparable
$722k
Blend (final) Blend
$750k
Owner & transaction history
Hanna Faragalla · 2 yrs held
Hanna Faragalla
since 2023
Last sale
$850,000
3 recorded transactions
2023
$850,000
2004
Price N/A
1997
$167,500
Zoning & alternative use
CS · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $755,000 +91.9%
Commercial (general) $730,000 +85.6%
Retail stores $650,000 +66.2%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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