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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Medical Office Space
5410 Old Hickory Blvd Hermitage, TN 37076-2574
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3482198
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
17,622 SF
Lot
2.39 ac (104,108 SF)
Zoning code
R8
APN
086-00-0-219-00
UPID
US80-3482198
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
-
Orton Lara OD Ophthalmologist (Bike/Boat/Book/etc) Store
-
Dr. Joshua O. Young, MD Ophthalmologist
-
Dr. Meredith A. Ezell, MD Ophthalmologist
-
Summit Eye Associates, P.C. Medical Clinic Ophthalmologist
-
Jonathan Routon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
$5.57M
Blend (final)
Blend
$5.24M
Owner & transaction history
Dry Fork Properties LLC · 5 yrs held
Dry Fork Properties LLC
since 2021
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
R8 · Hermitage, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.6M
+73.5%
Commercial (general)
$8.3M
+67.8%
Retail stores
$7.5M
+50.2%
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
$5,815,000
ML approach
$5,830,000
CAP Approach
CAP Return
Estimation
6%
$4,530,000
6.5%
$4,185,000
7%
$3,885,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,970,000
Current use
AUTO REPAIR, GARAGE
$8,620,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,340,000
Change: +68% · Conversion: Easy
RETAIL STORES
$7,465,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$4,850,000
Change: -2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,490,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±10% · vs last sale $5.00M (Apr 5 2021)
Last sale anchor
$5.00M
Apr 5 2021
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
$297 / 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
$45,965
Tax year 2023
Assessed value
$1,573,080
Assessed 2023
Previous assessed
$1,573,080
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$424,720
Assessed improvement
$1,148,360
Land market value
$1,061,800
Improvement market value
$2,870,900
Total market value
$3,932,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
17,622 SF
Lot
2.39 ac (104,108 SF)
Zoning code
R8
APN
086-00-0-219-00
UPID
US80-3482198
Jurisdiction
DAVIDSON
Zoning & alternative use
R8 · Hermitage, TNZoning R8 · permitted uses
R8 · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$8.3M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.39 ac
Current owner
From public records · entity-resolved
Dry Fork Properties LLC
Entity
Mailing address
1050 GOSHENTOWN RD, HENDERSONVILLE, TN 37075-8828
Ownership since
2021
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
Apr 5, 2021
$5,000,000
Dry Fork Properties LLC
Paradigm Property Partners
Special Warranty Deed
$4,250,000 · Cedarstone Bank
Aug 30, 2006
—
Paradigm Property Partners LLC
—
Trustees Deed
related
$100,000 · Cedarstone Bank
Feb 15, 2006
$1,900,000
Paradigm Property Partners LLC
Eckerd Corp
Grant Deed
$1,615,000 · General Electric Capital Corp
Aug 5, 2004
—
Eckerd Corp
—
Deed Of Trust
related
$83,116,745 · Deutsche Bank Trust Co America
Jul 1, 2002
$325,000
Eckerd Corp
First B Realty LP
Grant Deed
—
Dec 11, 1997
$189,146
B Realty LP First
First,b Realty L
Grant Deed
related
—
—
—
Paradigm Property Partners LLC
—
Deed Of Trust
related
$2,100,000 · Regions Bank
—
—
Paradigm Property Ptrs LLC
—
Deed Of Trust
related
$100,000 · Cedarstone Bank
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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