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    521 Old Hickory Blvd Old Hickory, TN 37138

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    521 Old Hickory Blvd Old Hickory, TN 37138

    View on Map
    • Strip malls
    • 3,573 SF
    • 0.27 lot acres
    For Sale
    $1,000,000
    View Listing →
    Mixed-Use Building in Old Hickory For Sale
    $1,000,000
    5,543 SF

    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 Listing
    Property ID
    US80-1464929
    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

    • Strip malls

    Property Details for 521 Old Hickory Blvd

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.27 lot acres
    Property size
    3,573 SF
    Zone code
    CS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    044-11-0-010-00
    APU
    4411001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,275,000
      6.5%
      $1,180,000
      7%
      $1,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,081,000
      Market price range: $384k - $1.68M
      AI Estimate
      $745,000
      Market price range: $242k - $915k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $910,000
      Current use
      RETAIL STORES
      $1,515,000
      Change: +66% Conversion: Easy
      MEDICAL BUILDING
      $1,010,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $985,000
      Change: +8% Conversion: Moderate
      WAREHOUSE, STORAGE
      $765,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Hickory
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6503
    Latitude
    36.2649
    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
    $4,347
    $14,360
    $134,400
    $148,760
    -
    $35,900
    $336,000
    $371,900

    Comparable in this City

    • Value Estimation by Request
      2,057 SF

      210 Bridgeway Ave

      SHOPPING CENTER, STRIP CENTER • 2,057 SF
      210 Bridgeway Ave, Old Hickory, TN 37138-3604
      View Details
    • Value Estimation by Request
      1,320 SF

      4985 Lebanon Pike

      SHOPPING CENTER, STRIP CENTER • 1,320 SF
      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 • 16,560 SF
      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 • 1,102 SF
      3838 Old Hickory Blvd Ste A, Old Hickory, TN 37138-2258
      View Details
    • Value Estimation by Request
      2,983 SF

      2011 Old Hickory Blvd

      SHOPPING CENTER, STRIP CENTER • 2,983 SF
      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 • 1,250 SF
      4979 Lebanon Pikeb, Old Hickory, TN 37138-4127
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      8,400 SF

      New Construction Retail Property

      100% leased new construction retail property in high-traffic area.
      512 Robinson Rd, 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
    • 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

    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
    • $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
    • 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
    View Listing
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    Old Hickory, 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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