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Property profile & analytics
OFF-MARKET
Estimated value
$14,730,000
Medical Office Space
920 Hartmann Dr Lebanon, TN 37090-4136
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US80-2921336
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,132 SF
Lot
3.47 ac (151,153 SF)
APN
081 00213
UPID
US80-2921336
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
-
Middle Tennessee Periodontics Dental Office
-
Hartmann Medical Plaza Medical Clinic
-
Dr Craig Ternovits Physician
-
Jocelyne Miller, MD Physician
-
Children's Clinic East, PC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.38M
CAP Approach
CAP
$12.11M
Comparable Approach
Comparable
$15.40M
Blend (final)
Blend
$14.73M
Owner & transaction history
Dmi Lebanon Tn LLC
Dmi Lebanon Tn LLC
since 2025
Last sale
$16.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.6M
+17.3%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$12,375,000
CAP Approach
CAP Return
Estimation
6%
$13,110,000
6.5%
$12,105,000
7%
$11,240,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,310,000
Current use
COMMERCIAL (GENERAL)
$15,610,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$14.73M
Range $13.26M – $16.20M · ±10% · vs last sale $16.89M (Dec 14 2020)
Last sale anchor
$16.89M
Dec 14 2020
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
$283 / 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
$98,868
Tax year 2023
Assessed value
$3,419,040
Assessed 2023
Previous assessed
$3,419,040
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$562,160
Assessed improvement
$2,856,880
Land market value
$1,405,400
Improvement market value
$7,142,200
Total market value
$8,547,600
Applied tax rate
950.0000
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
52,132 SF
Lot
3.47 ac (151,153 SF)
APN
081 00213
UPID
US80-2921336
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
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
$13.3M
COMMERCIAL (GENERAL)
Est. value
$15.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.47 ac
Current owner
From public records · entity-resolved
Dmi Lebanon Tn LLC
Entity
Mailing address
33 S 6TH ST STE #4650, MINNEAPOLIS, MN 55402-3715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Dmi Lebanon Tn LLC
—
Deed
related
$250,000,000 · Capital One NA
Dec 21, 2021
—
Dmi Lebanon Tn LLC
—
Deed
related
$250,000,000 · Capital One Bank NA
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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