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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Drive through restaurants
4115 Lebanon Pike, Hermitage, TN 37076-1204
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1415150
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2013
Total area
3,872 SF
Lot
1.31 ac (57,064 SF)
Zoning code
SCR
APN
075-10-0-211-00
UPID
US80-1415150
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
-
Zaxby's Chicken Fingers & Buffalo Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.38M
Owner & transaction history
Realty Income Properties 30 LLC · 1 yrs held
Realty Income Properties 30 LLC
since 2025
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
SCR · 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
$2,370,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,925,000
Current use
AUTO REPAIR, GARAGE
$1,895,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,830,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,640,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10% · vs last sale $2.00M (Feb 25 2025)
Last sale anchor
$2.00M
Feb 25 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
$615 / 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
$34,615
Tax year 2023
Assessed value
$1,184,640
Assessed 2023
Previous assessed
$1,184,640
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$319,560
Assessed improvement
$865,080
Land market value
$798,900
Improvement market value
$2,162,700
Total market value
$2,961,600
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2013
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,872 SF
Lot
1.31 ac (57,064 SF)
Zoning code
SCR
APN
075-10-0-211-00
UPID
US80-1415150
Jurisdiction
DAVIDSON
Zoning & alternative use
SCR · Hermitage, TN
Zoning SCR · permitted uses
SCR · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2013
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Realty Income Properties 30 LLC
Entity
Mailing address
PO BOX 250, LEBANON, TN 37088-0250
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$2,000,000
Realty Income Properties 30 LLC
Roc Solid Foods LLC
Special Warranty Deed
$74,375,000 · Mufg Bank Ltd
Jan 3, 2013
$950,000
Roc Solid Fodds LLC
Grand Golden Dragon Ent INC
Warranty Deed
$1,616,900 · Cedarstone Bank
—
—
Roc Solid Foods LLC
—
Deed Of Trust
related
$812,000 · Mid Cumberland Area Dev
—
—
Roc Solid Foods LLC
—
Loan Modification
related
$1,117,647 · Cedarstone Bk
—
—
Roc Solid Foods LLC
—
Loan Modification
related
$1,900,000 · Cedarstone 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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