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Property profile & analytics
OFF-MARKET
Estimated value
$20,010,000
Medical Office Space
5651 Frist Blvd Hermitage, TN 37076-2054
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-1944906
Property summary
AI-generated overview
This exceptional Class A medical office building, Summit MOB I, offers 128,021 square feet of prime space situated on the prestigious Summit Medical Center campus in Nashville, Tennessee. The seven-story building boasts 8 suites, with spaces ranging from a minimum of 1,134 square feet to a maximum contiguous space of 9,361 square feet. Currently, 29,924 square feet is available for lease. The building underwent a complete renovation in 2018, ensuring modern and efficient facilities for medical professionals. Three high-speed elevators provide convenient access to all floors. Its location at 5651 Frist Blvd, Nashville, TN 37076, offers unparalleled convenience, with easy access to I-40 and proximity to a variety of retail options, restaurants, and residential neighborhoods. The Nashville International Airport is a mere 5 minutes away, providing excellent accessibility for patients and staff. This property presents a unique opportunity for medical practices seeking a high-quality, well-located space within a thriving medical community in Davidson County. The building's modern amenities and strategic location make it an ideal choice for medical professionals seeking to establish or expand their practice.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
95,676 SF
Lot
0.43 ac (18,731 SF)
Zoning code
OG
APN
086-00-0-064-00-001
UPID
US80-1944906
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
-
Hermitage Psychiatric Group Physician
-
Chalko III Alexander MD Physician
-
Dr. Donald E. Cox, DDS Dental Office
-
Sawyer Terry D DDS Dental Office
-
Dr. Martin H. Wagner, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.72M
Comparable Approach
Comparable
$23.77M
Blend (final)
Blend
$20.01M
Owner & transaction history
HCPI & TENNESSEE, LLC
HCPI & TENNESSEE, LLC
Zoning & alternative use
OG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,610,000
6.5%
$22,715,000
7%
$21,095,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$26,985,000
Current use
OFFICE BUILDING
$26,340,000
Change: -2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$24,390,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$20.01M
Range $18.01M – $22.01M · ±10%
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
$209 / 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
$196,066
Tax year 2023
Assessed value
$6,710,000
Assessed 2023
Previous assessed
$6,710,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$90,800
Assessed improvement
$6,619,200
Land market value
$227,000
Improvement market value
$16,548,000
Total market value
$16,775,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
CENTRAL
Stories
6
Total area
95,676 SF
Lot
0.43 ac (18,731 SF)
Zoning code
OG
APN
086-00-0-064-00-001
UPID
US80-1944906
Jurisdiction
DAVIDSON
Zoning & alternative use
OG · Hermitage, TNZoning OG · permitted uses
OG · 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
$27.0M
OFFICE BUILDING
Est. value
$26.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.4M
MEDICAL BUILDING Current
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
1994
Heating
NONE
Cooling
Yes
Stories
6
Lot
0.43 ac
Current owner
From public records · entity-resolved
HCPI & TENNESSEE, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1920 MAIN ST STE #1200, IRVINE, CA 92614-7230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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