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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial land
4214 Central Pike Hermitage, TN 37076-3159
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1652208
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1945
Total area
1,824 SF
Lot
14.02 ac (610,711 SF)
Zoning code
SP
APN
087-00-0-089-00
UPID
US80-1652208
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$600k
Owner & transaction history
Fdg Niic Hermitage Jv LLC · 1 yrs held
Fdg Niic Hermitage Jv LLC
since 2025
3 recorded transactions
Zoning & alternative use
SP · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+3.4%
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
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$775,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$329 / 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
$23,127
Tax year 2023
Assessed value
$791,480
Assessed 2023
Previous assessed
$791,480
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$791,480
Land market value
$1,978,700
Total market value
$1,978,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1945
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Total area
1,824 SF
Lot
14.02 ac (610,711 SF)
Zoning code
SP
APN
087-00-0-089-00
UPID
US80-1652208
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Hermitage, TNZoning SP · permitted uses
SP · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$890,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1945
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
14.02 ac
Current owner
From public records · entity-resolved
Fdg Niic Hermitage Jv LLC
Entity
Free & Clear · 1 yrs held
Mailing address
100 E VINE ST, MURFREESBORO, TN 37130-3734
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
$5,624,955
Fdg Niic Hermitage Jv LLC
Nhc Hermitage Properties LLC
Special Warranty Deed
—
Jun 3, 2025
—
Nhc Heritage Properties LLC
Nhc Op LP
Quitclaim Deed
related
—
Mar 31, 2015
$1,100,000
Nhc Of Op LP
Golden Thomas R
Grant Deed
—
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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