Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hendersonville, TN 37075

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    36.3 acres of land for mixed-use development in Hendersonville.

    Property size:
    36 SF
    Lot size:
    36.30 Acres

    Property Features for

    General Information

    Size
    36 SF
    Lot size
    36.30 Acres

    We can help!

    Listing Contact
    John Cavin
    Source: Corfac

    Listing Agent: John Cavin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    36.3 Acres in Hendersonville, TN

    This 36.3-acre property in Hendersonville, Tennessee, is designated for mixed-use development. The land use plan designates the area as a Regional Activity Center, suitable for shopping centers and mixed commercial, industrial, and residential uses. A possible development plan includes commercial frontage of 10 to 20 acres, as well as institutional and residential uses. The property, located at 570 New Shackle Island Road, sits at the intersection of New Shackle Island Road and Stop 30 Road, across from the Glenbrook Shopping Center, which houses Kroger, Target, and Kohl’s. It is also near Tri-Star Hendersonville Medical Center Hospital and offers convenient access to Vietnam Veterans Boulevard via Exit #6.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hendersonville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.6088
    Latitude
    36.348

    Nearby Similar for Sale

    • $850,000
      1,584 SF

      Hendersonville Commercial Property For Sale

      Commercial property in Hendersonville, Tennessee, suitable for various educational purposes.
      177 Old Shackle Island Rd, Hendersonville, TN 37075
      View Details
    • $1,750,000

      Sumner County Farm Retreat

      28+ acre farmstead with Cape Cod home and outbuildings.
      904 Weeping Willow Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Hendersonville Former Financial Services Building

      Former financial services building with drive-thrus on 1.03 acres.
      451 W Main St, Hendersonville, TN 37075
      View Details
    • $198,000
      982 SF

      Donna Drive Condo For Sale

      Condo with fireplace, neutral palette, and HOA benefits.
      288 Donna Dr, Hendersonville, TN 37075
      View Details
    • $495,000
      2,200 SF

      Professional Office Space Available

      Well-appointed office space with executive offices, conference room, and ample parking.
      114 Canfield Pl, Hendersonville, TN 37075
      View Details
    • $1,299,999
      4,000 SF

      Hendersonville Office Facility For Sale

      One-level office facility in Hendersonville with ample parking.
      20 Executive Park Dr, Hendersonville, TN 37075
      View Details
    • $999,900
      6.31 Acres

      Hendersonville Commercial Land Opportunity

      6.31 Acres, Prime Location, High Visibility
      750 Forest Retreat Rd, Hendersonville, TN 37075
      View Details
    • $449,900
      1,218 SF

      Hendersonville Office Condo Investment

      Prime Office Condo, Leased, Great Location
      174 Saundersville Rd, Hendersonville, TN 37075
      View Details
    • $1,820,000
      2,400 SF

      Hendersonville Commercial Land Opportunity

      1.5 Acres, High Traffic, Dockside Zoning
      124 Walton Ferry Rd, Hendersonville, TN 37075
      View Details
    • $5,000,000
      340,280 SF

      Hendersonville Commercial Corner Lot

      High-traffic, retail-zoned land, excellent visibility.
      1003 Drakes Creek Rd, Hendersonville, TN 37075
      View Details
    • $375,000
      1.73 Acres

      Hendersonville Commercial Building Lot

      Prime 1.73-Acre Lot, Ready to Build
      New Hope Rd, Hendersonville, TN 37075
      View Details
    • $350,000
      0.37 Acres

      Hendersonville Commercial Land Opportunity

      Prime location, high growth potential. Ready to build.
      236 Rockland Rd, Hendersonville, TN 37075
      View Details

    FAQs

    What type of property is this?
    Commercial land - 36.3 acres of land for mixed-use development in Hendersonville.
    Where is this commercial land located?
    The property is located at Hendersonville, TN.
    What are key features of this property?
    This property features: - 36.3 acres of land suitable for mixed-use development.; - Designated Regional Activity Center allowing for shopping centers, commercial, industrial, and residential uses.; - Located at the intersection of New Shackle Island Road and Stop 30 Road.
    (615) 210-9697
    Request Owner's contact information
    Hendersonville, TN 37075
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Hendersonville, TN 37075
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Hendersonville, TN 37075
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Cavin
    (615) 210-9697
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.