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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Drug stores
5006 Old Hickory Blvd, Hermitage, TN 37076-2566
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0446898
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Total area
15,359 SF
Lot
1.67 ac (72,745 SF)
Zoning code
SCR
APN
075-00-0-168-00
UPID
US80-0446898
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Cosmetic Store
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.84M
Owner & transaction history
Tng Ph LLC · 6 yrs held
Tng Ph LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
SCR · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,815,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $1.28M (Jun 5 2020)
Last sale anchor
$1.28M
Jun 5 2020
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
$120 / 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
$50,258
Tax year 2023
Assessed value
$1,720,000
Assessed 2023
Previous assessed
$1,720,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$407,360
Assessed improvement
$1,312,640
Land market value
$1,018,400
Improvement market value
$3,281,600
Total market value
$4,300,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,359 SF
Lot
1.67 ac (72,745 SF)
Zoning code
SCR
APN
075-00-0-168-00
UPID
US80-0446898
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.
Building & site characteristics
From public records
Year built
1998
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Tng Ph LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2020
$1,280,400
Tng Ph LLC
Niki Holdigns LP
Grant Deed
—
Jun 5, 2020
—
Niki Holdings LP
—
Deed
related
$2,900,000 · Umpqua Bk
Sep 14, 2018
—
Niki Holdings LP
—
Deed
related
$2,900,000 · Umpqua Bank
Dec 16, 2016
$1,672,119
Niki Holdings LP
Rea Modesto LP
Grant Deed
—
Oct 2, 2013
$3,362,500
Modesto LP Rea
Benson,james H & Judy L
Grant Deed
—
Mar 11, 2010
$2,900,000
James H Benson
The Lincoln National Life Insurance
Special Warranty Deed
$2,320,000 · Bancorpsouth Bank
—
—
Modesto LP Rea
—
Deed Of Trust
related
$1,900,000 · Standard Insurance Co
—
—
Niki Holdings LP
—
Loan Modification
related
$2,900,000 · Umpqua Bk
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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