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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Strip malls
4117 Hillsboro Pike Nashville, TN 37215-2728
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1933153
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
15,388 SF
Lot
0.43 ac (18,731 SF)
Zoning code
SCR
APN
131-02-0-036-00
UPID
US80-1933153
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$3.39M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.79M
Owner & transaction history
Oba Enterprises LLC · 2 yrs held
Oba Enterprises LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
SCR · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+0.9%
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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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
$2,285,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$3,670,000
6.5%
$3,385,000
7%
$3,145,000
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
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10% · vs last sale $3.00M (Aug 2 2023)
Last sale anchor
$3.00M
Aug 2 2023
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
$181 / 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
$54,298
Tax year 2023
Assessed value
$1,668,640
Assessed 2023
Previous assessed
$1,668,640
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,161,320
Assessed improvement
$507,320
Land market value
$2,903,300
Improvement market value
$1,268,300
Total market value
$4,171,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
15,388 SF
Lot
0.43 ac (18,731 SF)
Zoning code
SCR
APN
131-02-0-036-00
UPID
US80-1933153
Jurisdiction
DAVIDSON
Zoning & alternative use
SCR · Nashville, TN
Zoning SCR · permitted uses
SCR · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1987
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Oba Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4117 HILLSBORO PIKE #103265, NASHVILLE, TN 37215-2728
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
Spiva Hill Management And Investmen
—
Deed
related
$1,400,000 · Firstbank
Aug 2, 2023
—
Oba Enterprises LLC
Bfh Enterprises LLC
Intrafamily Transfer
related
—
Sep 1, 2022
$3,000,000
Spiva Hill Management And Investmen
Ghp Family Limited Partnership
Special Warranty Deed
$4,500,000 · Firstbank
Feb 21, 2020
—
Spiva Of Hill Mgmt & Invs LLC
—
Deed
related
$1,041,131 · Pinnacle Bk
Jul 25, 2016
—
Jet INC
—
Deed
related
$300,000 · Southern Bk/tn
Mar 7, 2016
$1,200,000
Spivahill Management & Investment L
Jack M Palmer JR
Warranty Deed
$1,000,000 · Tennessee Bank & Trust
Dec 16, 2014
—
Ghp Family LP
Smith,alfred M JR
Quit Claim Deed
related
—
Dec 10, 2014
—
Alfred M Smith JR
Smith Dorothy D
Quit Claim Deed
related
—
May 3, 2013
$360,000
Big Sap LLC
Crabtree,david P & Diane M
Warranty Deed
—
Jun 5, 2006
—
Dorothy D Smith
Owner Name Unavailable
Grant Deed
related
—
—
—
Jet INC
—
Deed Of Trust
related
$665,000 · Southern Bank Of Tennessee
—
—
Spiva Of Hill Mgmt & Invs LLC
—
Loan Modification
related
$1,041,131 · Pinnacle Bk
—
—
Jet INC
—
Deed Of Trust
related
$300,000 · Southern Bk/tn
—
—
Jet INC
—
Deed Of Trust
related
$300,000 · Southern Bk/tn
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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