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Property profile & analytics
OFF-MARKET
Estimated value
$14,620,000
Outlet malls
5025 Old Hickory Blvd Hermitage, TN 37076-2567
Trust Owned
26-yr Hold
~
Est. High Equity
Property ID
US80-0288200
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1992
Total area
131,917 SF
Lot
14.89 ac (648,608 SF)
Zoning code
SCR
APN
075-00-0-035-00
UPID
US80-0288200
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
-
Lowe's Garden Center Garden Center
-
Lowe's Home Improvement Building Supply Industrial Manufacturer
-
Dennie’s Catering Take-out & Catering
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Lowe's ProServices Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.62M
Owner & transaction history
Brinker Real Estate Trust 1999 · 26 yrs held
Brinker Real Estate Trust 1999
since 2000
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$95,842
Tax year 2023
Assessed value
$3,280,000
Assessed 2023
Previous assessed
$3,280,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,816,120
Assessed improvement
$1,463,880
Land market value
$4,540,300
Improvement market value
$3,659,700
Total market value
$8,200,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1992
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
131,917 SF
Lot
14.89 ac (648,608 SF)
Zoning code
SCR
APN
075-00-0-035-00
UPID
US80-0288200
Jurisdiction
DAVIDSON
Zoning & alternative use
SCR · Hermitage, TNZoning SCR · permitted uses
SCR · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
14.89 ac
Current owner
From public records · entity-resolved
Brinker Real Estate Trust 1999
Trust
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2000
$700,000
Brinker Real Estate Trust 1999
Lowe's Home Centers INC
Grant Deed
$48,500,000 · Bank Of America Leasing Ttee
Sep 14, 1998
$1,453,427
Cnl Apf Partners LP
Apple South INC
Grant Deed
—
Sep 17, 1992
$500,000
Apple South INC
Unknown,
Grant Deed
—
Jan 22, 1992
$2,500,000
Lowe's Home Centers INC
Unknown
Grant Deed
—
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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