Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5012 Old Hickory Blvd Hermitage, TN 37076-2566

    • Grocery and convenience stores
    • 2,775 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    7.4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US80-2899891
    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.

    Current Use by Public Records

    • Twice Daily / Convenience Store

    Property Details for 5012 Old Hickory Blvd

    Year built
    2006
    Lot size
    1.05 lot acres
    Property size
    2,775 SF
    Zone code
    SCR
    Property type
    Grocery and convenience stores
    APN
    075-00-0-211-00
    APU
    7500021100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $555,000
      6.5%
      $510,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $707,000
      Market price range: $135k - $707k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6156
    Latitude
    36.1931
    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
    $21,846
    $219,560
    $528,080
    $747,640
    -
    $548,900
    $1,320,200
    $1,869,100

    Comparable in this City

    • Value Estimation
      $850,000
      2,299 SF

      4711 Andrew Jackson Pkwy

      GROCERY, SUPERMARKET • 2,299 SF
      4711 Andrew Jackson Pkwy, Hermitage, TN 37076-1301
      View Details
    • Value Estimation
      $800,000
      2,665 SF

      5400 Old Hickory Blvd

      GROCERY, SUPERMARKET • 2,665 SF
      5400 Old Hickory Blvd, Hermitage, TN 37076-2574
      View Details
    • Value Estimation
      $425,000
      1,798 SF

      3840 Lebanon Pike

      GROCERY, SUPERMARKET • 1,798 SF
      3840 Lebanon Pike, Hermitage, TN 37076-2010
      View Details
    • Value Estimation
      $695,000
      4,375 SF

      5430 Old Hickory Blvd

      GROCERY, SUPERMARKET • 4,375 SF
      5430 Old Hickory Blvd, Hermitage, TN 37076-2574
      View Details
    • Value Estimation
      $600,000
      1,092 SF

      5781 Old Hickory Blvd

      GROCERY, SUPERMARKET • 1,092 SF
      5781 Old Hickory Blvd, Hermitage, TN 37076-2939
      View Details
    • Value Estimation
      $1,210,000
      3,025 SF

      5835 Old Hickory Blvd

      GROCERY, SUPERMARKET • 3,025 SF
      5835 Old Hickory Blvd, Hermitage, TN 37076-2906
      View Details

    Similar Nearby for Sale

    • $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
    • $847,678
      1.39 Acres

      Nashville Commercial Land Investment Opportunity

      High-visibility lots, ideal for development.
      4850 Old Hickory Blvd, Nashville, TN 37076
      View Details
    • $1,400,000
      4,160 SF

      Hermitage TN Commercial Property

      Spacious 4,160 sq ft building on 3.75 acres
      720 Linden Green Dr, Hermitage, TN 37076
      View Details
    • $2,250,000
      9,440 SF

      Hermitage Office Building For Sale

      Office building with convenient access and signage opportunity available for purchase.
      256 Jackson Meadows Dr, Hermitage, TN 37076
      View Details
    • $118,900

      Land Opportunity Near Nashville

      Land for development or building a dream home near Nashville.
      2181 Christina Ct, Hermitage, TN 37076
      View Details
    • $334,900
      1,720 SF

      Hermitage End Unit with Courtyard

      Move-in ready Hermitage end unit with private courtyard and modern updates.
      139 Noel Cove Cir, Hermitage, TN 37076
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,624 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
      2,808 SF

      Retail Space with Pylon Signage

      Retail space with strong consumer base and pylon signage.
      4642-4724 Lebanon Pike, Hermitage, TN 37076
      View Details
    • 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
    • $26 SF/Yr
      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
      6,656 SF

      Retail Space Near Publix

      Retail space available October 2025 in Hermitage, Tennessee.
      4730 Lebanon Pike, Nashville, TN 37076
      View Details
    • Contact for pricing

      Retail Space on Lebanon Pike

      Retail space available in a busy Nashville shopping center.
      4485 Lebanon Pike, Nashville, 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.
    5012 Old Hickory Blvd
    Hermitage, TN 37076-2566
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.