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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Office buildings
4723 Andrew Jackson Pkwy Hermitage, TN 37076-1301
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1684807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
12,045 SF
Lot
1.14 ac (49,658 SF)
Zoning code
SCR
APN
064-16-0-014-00
UPID
US80-1684807
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
-
Crye-Leike, Realtors Real Estate Agency
-
Diane Mitchell Real Estate Agency
-
Maria Hernandez Real Estate Agency
-
Kelli Johnston, Crye-Leike, Inc., REALTORS Real Estate Agency
-
Rosie Yang, Crye-Leike, Inc., REALTORS Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Richard H Leike · 4 yrs held
Richard H Leike
since 2022
7 recorded transactions
Zoning & alternative use
SCR · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+2.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,315,000
Current use
MEDICAL BUILDING
$3,400,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,070,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,710,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±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
$171 / 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
$22,822
Tax year 2023
Assessed value
$781,040
Assessed 2023
Previous assessed
$781,040
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$198,640
Assessed improvement
$582,400
Land market value
$496,600
Improvement market value
$1,456,000
Total market value
$1,952,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,045 SF
Lot
1.14 ac (49,658 SF)
Zoning code
SCR
APN
064-16-0-014-00
UPID
US80-1684807
Jurisdiction
DAVIDSON
Zoning & alternative use
SCR · Hermitage, TN
Zoning SCR · permitted uses
SCR · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermitage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Richard H Leike
Individual
Mailing address
6525 N QUAIL HOLW RD #100, MEMPHIS, TN 38120-1325
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Richard H Leike
West Land Partners LLC
Correction Deed
related
$1,950,000 · Republic Bank & Trust Co
Jul 1, 2021
$410,000
Harold E Crye
West Land Partners LLC
Quit Claim Deed
related
—
Jan 5, 2021
—
West Land Partners LLC
Richard H Leike
Warranty Deed
—
Apr 14, 2003
$110,000
Loretta Baltz
Butrum,annie
Grant Deed
$88,000 · Wells Fargo Home Mortgage INC
Jun 1, 1993
$550,000
Harold E Crye
Unknown
Grant Deed
—
—
—
Richard H Leike Trustee
—
Deed Of Trust
related
$985,000 · Premier Bank
—
—
Crye Harold E Living Trust
—
Deed Of Trust
related
$1,900,000 · Ameritas Life Insurance Corp
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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