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    521 Old Hickory Blvd Nashville, TN 37138

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    521 Old Hickory Blvd Nashville, TN 37138

    View on Map
    • Retail space
    • 5,543 SF
    Off-Market
    Property ID
    US80-0037477
    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

    • Retail space

    Property Details for 521 Old Hickory Blvd

    Year built
    1930
    Property size
    5,543 SF
    Property type
    Retail space
    Property subtype
    Commercial real estate

    Description

    Old Hickory, Tennessee, embodies the serene charm of a small town steeped in history. Nestled along the Cumberland River, it exudes a rustic allure with its tree-lined streets and quaint neighborhoods. Named after President Andrew Jackson, affectionately known as "Old Hickory," the town echoes his legacy of resilience and strength. Its close-knit community fosters a sense of belonging, where neighbors greet each other with warmth. Amidst its picturesque landscapes, remnants of its industrial past stand tall, paying homage to its manufacturing heritage. From its scenic parks to its historic landmarks, Old Hickory exudes a timeless appeal, inviting visitors to experience its rich tapestry of culture and tradition. Old Hickory, Tennessee, offers a delightful array of attractions and activities for visitors to enjoy. History enthusiasts can explore Andrew Jackson's Hermitage, the former home of the seventh U.S. president, or marvel at the engineering marvel of the Old Hickory Lock and Dam. Outdoor lovers can indulge in recreational pursuits along the picturesque Cumberland River, from fishing and boating to hiking along scenic trails. The town also boasts charming parks, local eateries serving up Southern cuisine, and quaint shops showcasing local art and crafts. With its blend of historical landmarks and natural beauty, Old Hickory promises an unforgettable experience for all.

    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
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.92452
    Latitude
    36.101566

    Comparable in this City

    • $1,000,000

      Mixed-Use Building in Old Hickory

      Three-story commercial property with office, retail, and residential units.
      521 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      2,300 SF

      Retail Building with Private Offices

      2,300 SF retail building featuring private offices and security.
      3610 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • $409,900
      1,740 SF

      Mixed-Use Property For Sale

      Well-maintained commercial property with office and retail spaces.
      1202 Donelson Ave, Old Hickory, TN 37138
      View Details
    • $370,000
      1,250 SF

      Lebanon Pike Retail/Office Opportunity

      Move-in ready commercial space on Lebanon Pike with high visibility.
      4979B Lebanon Pike, Old Hickory, TN 37138
      View Details
    • $422,000
      1,475 SF

      Lebanon Pike Commercial Unit

      Remodeled commercial unit on Lebanon Pike, move-in ready.
      4979A Lebanon Pike, Old Hickory, TN 37138
      View Details
    • $2,500,000
      384 SF

      Corner Lot on Old Hickory

      Corner lot in high-traffic area, recently leased as automotive lot.
      2617 Old Hickory Blvd, Old Hickory, TN 37138
      View Details

    Similar Nearby for Sale

    • $1,000,000

      Mixed-Use Building in Old Hickory

      Three-story commercial property with office, retail, and residential units.
      521 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      2,300 SF

      Retail Building with Private Offices

      2,300 SF retail building featuring private offices and security.
      3610 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • $409,900
      1,740 SF

      Mixed-Use Property For Sale

      Well-maintained commercial property with office and retail spaces.
      1202 Donelson Ave, Old Hickory, TN 37138
      View Details
    • $370,000
      1,250 SF

      Lebanon Pike Retail/Office Opportunity

      Move-in ready commercial space on Lebanon Pike with high visibility.
      4979B Lebanon Pike, Old Hickory, TN 37138
      View Details
    • $422,000
      1,475 SF

      Lebanon Pike Commercial Unit

      Remodeled commercial unit on Lebanon Pike, move-in ready.
      4979A Lebanon Pike, Old Hickory, TN 37138
      View Details
    • $2,500,000
      384 SF

      Corner Lot on Old Hickory

      Corner lot in high-traffic area, recently leased as automotive lot.
      2617 Old Hickory Blvd, Old Hickory, TN 37138
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Granwood Village

      Retail space for lease in a busy shopping center.
      4331 Old Hickory Blvd, Old Hickory, TN 37138
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease at 925 Industrial Dr.
      925 Industrial Dr, Old Hickory, TN 37138
      View Details
    • $9 SF/Yr
      40,000 SF

      Industrial Space in Old Hickory

      40,000 SF industrial space available for lease.
      740-760 Hickory Industrial Dr, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Warehouse Space Available

      20,000 sqft warehouse space for rent in Nashville.
      931b Robinson Rd, Nashville, TN 37138
      View Details
    • $3,500 /Mo

      Office Space for Rent

      Office unit available for rent on Lebanon Road.
      14247 Lebanon Rd, Old Hickory, TN 37138
      View Details
    • Contact for pricing
      13,280 SF

      Corner Lot Office Space Available

      Office building with paved parking and signage, convenient location.
      925 Robinson Rd, Old Hickory, TN 37138
      View Details
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    Nashville, TN 37138
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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.

    More about this property
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