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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Strip malls
4040 Lebanon Pike Hermitage, TN 37076-2014
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US80-1185892
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Total area
8,311 SF
Lot
1.4 ac (60,984 SF)
Zoning code
CL
APN
075-13-0-243-00
UPID
US80-1185892
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
-
SiteOne Landscape Supply Garden Center Hardware & Home Improvement
-
Site One Landscape Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.34M
Owner & transaction history
Siteuno Gp
Siteuno Gp
since 2025
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
CL · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+66.2%
Medical building
$2.3M
+10.7%
Office building
$2.3M
+8.0%
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%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,120,000
Current use
RETAIL STORES
$3,520,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$2,345,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$2,290,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,870,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10% · vs last sale $2.45M (May 4 2025)
Last sale anchor
$2.45M
May 4 2025
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
$281 / 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
$14,130
Tax year 2023
Assessed value
$483,560
Assessed 2023
Previous assessed
$483,560
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$298,840
Assessed improvement
$184,720
Land market value
$747,100
Improvement market value
$461,800
Total market value
$1,208,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1972
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,311 SF
Lot
1.4 ac (60,984 SF)
Zoning code
CL
APN
075-13-0-243-00
UPID
US80-1185892
Jurisdiction
DAVIDSON
Zoning & alternative use
CL · Hermitage, TNZoning CL · permitted uses
CL · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1972
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
Siteuno Gp
Individual
Mailing address
3030 SIDCO DR, NASHVILLE, TN 37204-4506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 4, 2025
$2,448,000
Siteuno Gp
Bobbie Alice Yount Carter
Special Warranty Deed
$1,762,000 · Truxton Trust Company
Nov 14, 2024
—
Bobbie Alice Yount Carter
Bobbie Alice Yount Carter
Quitclaim Deed
related
—
Nov 17, 2020
—
Young,alice E Trust
—
Deed
related
$400,000 · First Farmers & Merchants Bk
Jan 4, 2007
—
Lamar Companies
Yount,alice E
Grant Deed
related
—
Jun 10, 1993
$450,000
Bobbie Ay Carter
Unknown
Grant Deed
—
—
—
Young,alice E Trust
—
Deed Of Trust
related
$400,000 · First Farmers & Merchants Bk
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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