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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
High-rise multifamily apartments
4042 Shurgard Way Hermitage, TN 37076-3411
Entity Owned
5-yr Hold
Property ID
US80-2980561
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Total area
65,424 SF
Lot
8.57 ac (373,309 SF)
Zoning code
MULTI-ZONE
APN
086-00-0-774-00
UPID
US80-2980561
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
-
The Crockett Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$1.92M
Owner & transaction history
Ramston Hermitage LLC · 5 yrs held
Ramston Hermitage LLC
since 2020
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
MULTI-ZONE · 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
$2,100,000
ML approach
$2,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $1.48M (Nov 9 2020)
Last sale anchor
$1.48M
Nov 9 2020
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
$29 / 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
$407,507
Tax year 2023
Assessed value
$13,946,160
Assessed 2023
Previous assessed
$1,487,000
+837.9% YoY
Effective rate
2.92%
On assessed value
Assessed land
$589,520
Assessed improvement
$13,356,640
Land market value
$1,473,800
Improvement market value
$33,391,600
Total market value
$34,865,400
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
65,424 SF
Lot
8.57 ac (373,309 SF)
Zoning code
MULTI-ZONE
APN
086-00-0-774-00
UPID
US80-2980561
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Hermitage, TNZoning MULTI-ZONE · permitted uses
MULTI-ZONE · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
8.57 ac
Current owner
From public records · entity-resolved
Ramston Hermitage LLC
Entity
Mailing address
1033 DEMONBREUN ST STE #300, NASHVILLE, TN 37203-4512
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
Ramston Hermitage LLC
—
Deed
related
$106,500,000 · Southern Multifamily Lender LLC
Nov 9, 2020
$1,480,000
Ramston Hermitage LLC
Lux Dev Group LLC
Warranty Deed
$1,076,250 · First Cmnty Bk/tn
Mar 19, 2018
—
Lux Dev Group LLC
—
Deed
related
$500,000 · Wilson Bk&tr
—
—
Lux Dev Group LLC
—
Deed Of Trust
related
$500,000 · Wilson Bk&tr
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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