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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Turn key restaurants
5500 Old Hickory Blvd, Hermitage, TN 37076-2576
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3507707
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1989
Total area
7,046 SF
Lot
0.69 ac (30,056 SF)
Zoning code
SCC
APN
086-00-0-316-00
UPID
US80-3507707
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
-
O'Charley’s Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.15M
Owner & transaction history
Rnmc Hermitage LLC · 2 yrs held
Rnmc Hermitage LLC
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
SCC · 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
Method
Estimation
Statistic approach
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,505,000
Current use
AUTO REPAIR, GARAGE
$3,445,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,335,000
Change: -5% · Conversion: Easy
RETAIL STORES
$2,985,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Feb 16 2024)
Last sale anchor
$2.15M
Feb 16 2024
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
$305 / 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
$19,850
Tax year 2023
Assessed value
$679,320
Assessed 2023
Previous assessed
$679,320
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$132,240
Assessed improvement
$547,080
Land market value
$330,600
Improvement market value
$1,367,700
Total market value
$1,698,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1989
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,046 SF
Lot
0.69 ac (30,056 SF)
Zoning code
SCC
APN
086-00-0-316-00
UPID
US80-3507707
Jurisdiction
DAVIDSON
Zoning & alternative use
SCC · Hermitage, TN
Zoning SCC · permitted uses
SCC · Hermitage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermitage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.0M
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Rnmc Hermitage LLC
Entity
Mailing address
204 HEADY DR, NASHVILLE, TN 37205-4416
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
$2,150,000
Rnmc Hermitage LLC
Lazy W LLC
Warranty Deed
$1,380,000 · Southern Bank Of Tennessee
May 12, 2006
—
Lazy W LLC
Turner,david G
Quit Claim Deed
related
—
Jun 23, 2004
$3,120,000
David G Turner
Cnl Funding 2001-a LP
Grant Deed
$1,308,050 · Ge Capital Franchise Finance
Jan 5, 2004
$2,565,590
Cnl Funding 2001-a LP
Ocharleys INC
Grant Deed
related
$3,250,000 · Wells Fargo Bank Minnesota
Jul 29, 1996
$300,000
Ocharleys INC
—
Grant Deed
related
—
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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