Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4117 Hillsboro Pike Nashville, TN 37215-2728
    Back to Search
    Property profile & analytics

    4117 Hillsboro Pike Nashville, TN 37215-2728

    View on Map
    • Strip malls
    • 15,388 SF
    • 0.43 lot acres
    Off-Market
    Last Sale Aug 2, 2023
    $3,000,000
    Property ID
    US80-1933153
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,785,000
    Show details
    Cap Rate Potential
    9.6%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Carpet Ladies Company / Carpet & Flooring Store / Hardware & Home Improvement
    • Aosta Insurance Services, LLC, / Insurance Agency
    • Ital International / Big Box & Wholesale Store / Production Facility
    • RFP School Watch / High School / Vocational School
    • Zerv / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 4117 Hillsboro Pike

    Year built
    1987
    Lot size
    0.43 lot acres
    Property size
    15,388 SF
    Zone code
    SCR
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    131-02-0-036-00
    APU
    13102003600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,285,000
      ML approach
      $2,275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,670,000
      6.5%
      $3,385,000
      7%
      $3,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,752,000
      Market price range: $1.91M - $8.09M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,455,000
      Current use
      OFFICE BUILDING
      $4,495,000
      Change: +1% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $3,785,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8185
    Latitude
    36.1017
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,298
    $1,161,320
    $507,320
    $1,668,640
    -
    $2,903,300
    $1,268,300
    $4,171,600

    Comparable in this City

    • Value Estimation
      $9,105,000
      94,674 SF

      4009 Hillsboro Pike

      SHOPPING CENTER, STRIP CENTER • 94,674 SF
      4009 Hillsboro Pike, Nashville, TN 37215-2715
      View Details
    • Value Estimation
      $5,520,000
      23,999 SF

      4015 Hillsboro Pike, Unit 100

      SHOPPING CENTER, STRIP CENTER • 23,999 SF
      4015 Hillsboro Pike, Nashville, TN 37215-2774
      View Details
    • Value Estimation
      $3,990,000
      31,936 SF

      2130 Bandywood Dr

      SHOPPING CENTER, STRIP CENTER • 31,936 SF
      2130 Bandywood Dr, Nashville, TN 37215-2703
      View Details
    • Value Estimation by Request
      2,492 SF

      2230 Bandywood Dr

      SHOPPING CENTER, STRIP CENTER • 2,492 SF
      2230 Bandywood Dr, Nashville, TN 37215
      View Details
    • Value Estimation by Request
      25,249 SF

      2104 Crestmoor Rd

      SHOPPING CENTER, STRIP CENTER • 25,249 SF
      2104 Crestmoor Rd, Nashville, TN 37215-2631
      View Details
    • Value Estimation by Request
      1,458 SF

      4010 Hillsboro Pike

      SHOPPING CENTER, STRIP CENTER • 1,458 SF
      4010 Hillsboro Pike, Nashville, TN 37215-2721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,169 SF

      Prime Retail Space in Nashville

      Premier retail asset in Nashville's desirable Green Hills submarket.
      3708 Hillsboro Pike, Nashville, TN 37215
      View Details
    • Contact for pricing
      2,675 SF

      Retail Condominium in Green Hills

      Retail condominium in Green Hills neighborhood with high traffic.
      4104 Hillsboro Pike, Nashville, TN 37215
      View Details
    • $3,290,000
      4,195 SF

      Prime Commercial Land in Green Hills

      Rare opportunity in Nashville's affluent Green Hills submarket.
      3707 Hillsboro Pike, Nashville, TN 37215
      View Details
    • $1,200,000

      Residential Land in Gated Community

      Homesite in Otter Wood, near Richland Country Club.
      35 Annandale, Nashville, TN 37215
      View Details
    • $337,000
      2.07 Acres

      2.07 Acres Vacant Land For Sale

      2.07 Acres Vacant Land For Sale
      6014 Sherwood Ct, Nashville, TN 37215
      View Details
    • Contact for pricing

      Green Hills Office Building For Sale

      Multi-story office building in the heart of Green Hills.
      2120 Crestmoor Rd, Nashville, TN 37215
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease in Nashville.
      2001 Glen Echo Rd, Nashville, TN 37215
      View Details
    • Contact for pricing
      1,364 SF

      Retail Space in Green Hills

      Retail space for lease in a prime Green Hills location.
      4205 Hillsboro Pike, Nashville, TN 37215
      View Details
    • Contact for pricing
      3,789 SF

      Retail Space on Abbott Martin

      Retail space available for lease in Nashville, Tennessee.
      2101 Abbott Martin Rd, Nashville, TN 37215
      View Details
    • Contact for pricing

      Stokesmont Road Retail Building

      Retail building in Nashville's Green Hills submarket for lease.
      3440 Stokesmont Rd, Nashville, TN 37215
      View Details
    • Contact for pricing
      2,100 SF

      Office Space with Ample Parking

      Office space for rent with parking in high-traffic area.
      2209 Abbott Martin Rd, Nashville, TN 37215
      View Details
    • Contact for pricing
      6,444 SF

      Nashville Office Space For Rent

      6,444 SF office space available for lease.
      2216 Abbott Martin Rd, Nashville, TN 37215
      View Details

    Property Visit Statistics

    • Visits by month
      5.9k
    • Visitors by month
      4.6k
    • Avg Time on site
      38 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4117 Hillsboro Pike
    Nashville, TN 37215-2728
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4117 Hillsboro Pike, Nashville, TN, 37215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!