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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Strip malls
4961 Lebanon Pike Old Hickory, TN 37138-4127
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1829071
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
FRAME
Total area
1,575 SF
Zoning code
CS
APN
065-13-0A-001-00
UPID
US80-1829071
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
-
Davis Jr Fred D OD Physician
-
K&B Cabinet - Kitchen Cabinet & Bathroom Designs Interior Design Home Decor Store
-
Kitchen Home Remodeling Hardware & Home Improvement Kitchen & Bath Showroom
-
The Rock & Roll KItchen® Nashville Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$412k
Blend (final)
Blend
$530k
Owner & transaction history
Vedat Ozturk · 3 yrs held
Vedat Ozturk
since 2023
Last sale
$535,000
6 recorded transactions
Zoning & alternative use
CS · Old Hickory, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+91.9%
Commercial (general)
$745,000
+85.6%
Retail stores
$665,000
+66.2%
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 Old Hickory submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Hickory 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
$540,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$745,000
Change: +86% · Conversion: Easy
RETAIL STORES
$665,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$445,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: +8% · Conversion: Moderate
WAREHOUSE, STORAGE
$340,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $535k (Apr 25 2023)
Last sale anchor
$535k
Apr 25 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
$337 / 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
$1,657
Tax year 2023
Assessed value
$56,700
Assessed 2023
Previous assessed
$56,700
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$26,880
Assessed improvement
$29,820
Land market value
$67,200
Improvement market value
$74,550
Total market value
$141,750
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,575 SF
Zoning code
CS
APN
065-13-0A-001-00
UPID
US80-1829071
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Old Hickory, TN
Zoning CS · permitted uses
CS · Old Hickory, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Hickory. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$745,000
RETAIL STORES
Est. value
$665,000
MEDICAL BUILDING
Est. value
$445,000
OFFICE BUILDING
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$340,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Vedat Ozturk
Individual
Mailing address
60 SHORT DR, MOUNT JULIET, TN 37122-2232
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
$535,000
Vedat Ozturk
Hussain Chagani
Warranty Deed
$380,000 · Cadence Bank NA
Apr 13, 2023
—
Hussain Chagani
Kia Investents LLC
Quit Claim Deed
related
—
Aug 4, 2015
$795,000
Kia Investments LLC
Lakeland West Capital II LLC
Special Warranty Deed
—
May 30, 2012
$245,000
Scotts Hollow LLC
Hancock,todd H
Trustees Deed
related
—
Apr 23, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Lakeland West Capital II LLC
—
Deed Of Trust
related
$1,550,000 · Texas First State Bank
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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