Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4416 Lebanon Pikea Hermitage, TN 37076-1312
    Back to Search
    Property profile & analytics

    4416 Lebanon Pikea, Hermitage, TN 37076-1312

    View on Map
    • Individual retail properties
    • 3,905 SF
    • 0.63 lot acres
    Off-Market
    Last Sale Jun 14, 2022
    $1,247,165
    Property ID
    US80-1348349
    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
    $1,240,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Individual retail properties

    Property Details for 4416 Lebanon Pikea

    Year built
    1984
    Lot size
    0.63 lot acres
    Zone code
    SCR
    Property type
    Individual retail properties
    APN
    064-15-0-006-00
    APU
    6415000600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 14, 2022 $1,247,165 9 Properies Gp Shamrock Enterprises INC Special Warranty Deed $9M · First Nb Of Middle Tennessee

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,220,000
      ML approach
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,033,000
      Market price range: $837k - $1.69M
      AI Estimate
      $782,000
      Market price range: $521k - $1.36M

    • Alternative Use

      Use
      Estimation
      LAUNDROMAT (SELF-SERVICE)
      $1,245,000
      Current use
      AUTO REPAIR, GARAGE
      $1,910,000
      Change: +53% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,850,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $1,655,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $1,100,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $1,075,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6027
    Latitude
    36.2155
    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
    $8,609
    $135,920
    $158,720
    $294,640
    -
    $339,800
    $396,800
    $736,600

    Comparable in this City

    • Value Estimation
      $745,000
      4,149 SF

      4833 Lebanon Pike

      LAUNDROMAT (SELF-SERVICE)
      4833 Lebanon Pike, Hermitage, TN 37076-1602
      View Details
    • Value Estimation
      $5,410,000
      32,834 SF

      4491 Lebanon Pike

      GROCERY, SUPERMARKET
      4491 Lebanon Pike, Hermitage, TN 37076-1311
      View Details
    • Value Estimation
      $2,375,000
      3,658 SF

      4145 Lebanon Pike

      GROCERY, SUPERMARKET
      4145 Lebanon Pike, Hermitage, TN 37076-1204
      View Details
    • Value Estimation
      $10,990,000
      94,413 SF

      5502 Old Hickory Blvd

      GROCERY, SUPERMARKET
      5502 Old Hickory Blvd, Hermitage, TN 37076-2576
      View Details
    • Value Estimation by Request
      5,893 SF

      4444 Lebanon Pike

      FINANCIAL BUILDING
      4444 Lebanon Pike, Hermitage, TN 37076-1312
      View Details
    • Value Estimation
      $2,235,000
      18,260 SF

      4751 Lebanon Pike

      GROCERY, SUPERMARKET
      4751 Lebanon Pike, Hermitage, TN 37076-1601
      View Details

    Similar Nearby for Sale

    • $3,950,000
      9,892 SF

      Retail Property Behind Walmart Center

      Retail property located behind the Walmart shopping center.
      275 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • $1,199,000
      1,356 SF

      Hermitage Commercial Property For Sale

      Commercial property suitable for office, medical, or retail use.
      4017 Central Pike, Hermitage, TN 37076
      View Details
    • Contact for pricing
      4,354 SF

      Retail or Office Space Available

      Excellent location for retail or office in Hermitage, Tennessee.
      241 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • $3,950,000
      9,892 SF

      Professional Business District Investment Property

      Located in a professional business district with long-term tenants.
      275 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • $1,590,000
      1,254 SF

      Lebanon Pike Commercial Opportunity

      Freestanding building on Lebanon Pike, Nashville. High-traffic, excellent visibility.
      4219 Lebanon Pike, Hermitage, TN 37076
      View Details
    • Contact for pricing
      1,254 SF

      Commercial Building on Lebanon Pike

      Freestanding 1,254 SF building on Lebanon Pike for sale.
      4219 Lebanon Pike, Nashville, TN 37076
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,500 SF

      Retail Space on Lebanon Pike

      5,500 SF retail space available for rent.
      3436 Lebanon Pike, Hermitage, TN 37076
      View Details
    • Contact for pricing
      2,104 SF

      Retail Space in Hermitage, TN

      Retail space available in Hermitage, Tennessee shopping center.
      4451-4491 Lebanon Pike, Hermitage, TN 37076
      View Details
    • Contact for pricing
      2,020 SF

      Retail Space on Lebanon Pike

      Retail space available for lease in Hermitage, Tennessee.
      4800 Lebanon Pike, Hermitage, TN 37076
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space with Pylon Signage

      Retail space with strong consumer base and pylon signage.
      4606-4638 Lebanon Pike, Nashville, TN 37076
      View Details
    • Contact for pricing
      900 SF

      Retail Space with Pylon Signage

      Retail space with strong consumer base and pylon signage.
      4642-4724 Lebanon Pike, Hermitage, TN 37076
      View Details
    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.
    4416 Lebanon Pikea
    Hermitage, TN 37076-1312
    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
    4416 Lebanon Pikea, Hermitage, TN, 37076
    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!