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    4973 Lebanon Pike Old Hickory, TN 37138-4127
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    Property profile & analytics

    4973 Lebanon Pike, Old Hickory, TN 37138-4127

    View on Map
    • Strip malls
    • 1,275 SF
    Off-Market
    Property ID
    US80-1733650
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KV Body Sculpting / Alternative Medicine Practice / Spa & Massage Center
    • D4 Salon Suites / Hair Salon
    • Midweststylez Boutique / Clothing Store
    • Riri Lashes / Hair Salon / Nail Salon

    Property Details for 4973 Lebanon Pike

    Year built
    1987
    Construction
    FRAME
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    065-13-0A-006-00
    APU
    065130A00600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 4, 2015 $795,100 Kia Investments LLC Lakeland West Capital II LLC Grant Deed · related $676k · First Citizens Nat'l Bk
    May 30, 2012 $245,000 Scotts Hollow LLC Hancock,todd H Trustees Deed —
    Apr 23, 2007 — Owner Name Unavailable Owner Name Unavailable Quit Claim Deed · related —
    — — Lakeland West Capital II LLC — Deed Of Trust · related $1.6M · Texas First State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Hickory
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.5844
    Latitude
    36.217
    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
    $1,341
    $21,400
    $24,500
    $45,900
    -
    $53,500
    $61,250
    $114,750

    Comparable in this City

    • Value Estimation by Request
      2,057 SF

      210 Bridgeway Ave

      SHOPPING CENTER, STRIP CENTER
      210 Bridgeway Ave, Old Hickory, TN 37138-3604
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    • Value Estimation by Request
      1,320 SF

      4985 Lebanon Pike

      SHOPPING CENTER, STRIP CENTER
      4985 Lebanon Pike, Old Hickory, TN 37138-4127
      View Details
    • Value Estimation
      $5,730,000
      16,560 SF

      4700 Old Hickory Blvd

      SHOPPING CENTER, STRIP CENTER
      4700 Old Hickory Blvd, Old Hickory, TN 37138-2052
      View Details
    • Value Estimation by Request
      1,102 SF

      3838 Old Hickory Blvd Ste A

      SHOPPING CENTER, STRIP CENTER
      3838 Old Hickory Blvd Ste A, Old Hickory, TN 37138-2258
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    • Value Estimation by Request
      2,983 SF

      2011 Old Hickory Blvd

      SHOPPING CENTER, STRIP CENTER
      2011 Old Hickory Blvd, Old Hickory, TN 37138-2820
      View Details
    • Value Estimation by Request
      1,250 SF

      4979 Lebanon Pikeb

      SHOPPING CENTER, STRIP CENTER
      4979 Lebanon Pikeb, Old Hickory, TN 37138-4127
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property For Sale

      Well-maintained commercial property with office and retail spaces.
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    • $370,000
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      Lebanon Pike Retail/Office Opportunity

      Move-in ready commercial space on Lebanon Pike with high visibility.
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    Similar Nearby for Lease

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      Retail Space in Granwood Village

      Retail space for lease in a busy shopping center.
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      40,000 SF

      Industrial Space in Old Hickory

      40,000 SF industrial space available for lease.
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      20,000 SF

      Industrial Warehouse Space Available

      20,000 sqft warehouse space for rent in Nashville.
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      13,280 SF

      Corner Lot Office Space Available

      Office building with paved parking and signage, convenient location.
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    • $3,500 /Mo

      Office Space for Rent

      Office unit available for rent on Lebanon Road.
      14247 Lebanon Rd, Old Hickory, TN 37138
      View Details
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    Old Hickory, TN 37138-4127
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    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.

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