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Property profile & analytics
OFF-MARKET Estimated value $590,000
Office buildings

4201 Central Pike Hermitage, TN 37076-3114

3,454 SF 0.88 ac lot Built 1972
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US80-1074147
Property summary
AI-generated overview

This fully equipped, recently renovated commercial building at 4201 Central Pike in Hermitage, Tennessee, is available for $999,999. Located in Davidson County, zip code 37076, this 0.88-acre property offers exceptional versatility. Ideal for a daycare center, the building is already equipped with five classrooms and four bathrooms, a mini-kitchen, and a storage room. Additional office space is also included. Recent renovations are extensive, encompassing new drywall, a complete fire alarm system upgrade, updated plumbing and electrical systems, new toilets and sinks, a new air conditioning unit, and nearly completed flooring. The roof is also in excellent condition, having been recently replaced. The property's strategic location offers convenient access to interstate highways, ensuring easy commutes for employees and clients. An added benefit is the inclusion of an additional lot behind the main building, providing ample space for expansion or future development. This presents a unique opportunity for a variety of businesses seeking a move-in ready space with significant potential for growth. The property is zoned for commercial use.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Total area 3,454 SF
Lot 0.88 ac (38,333 SF)
Zoning code OR20
APN 087-00-0-032-02
UPID US80-1074147
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
  • Mims Architecture PLC Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$590k
Owner & transaction history
New Beginning International Ministr · 7 yrs held
New Beginning International Ministr
since 2019
5 recorded transactions
2019
$600,000
2012
Price N/A
1998
$175,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
OR20 · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $975,000 +2.5%
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