Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in High-Traffic Area Title is generated by Realmo AI

    98 Volunteer Dr, Hendersonville, TN 37075

    View on Map
    Claim this Listing
    For Sale
    $359,999

    1.10-acre commercial lot in Hendersonville with development potential.

    Type:Commercial
    Property size:
    48,059 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $7/SF
    Added:
    Feb 4, 2025
    Days on Market:
    486
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 98 Volunteer Dr

    General Information

    Standard status
    Active
    Size
    48,059 SF
    Lot size
    1.10 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    FRANKY RIVERA

    Listing agent FRANKY RIVERA

    Listing office KELLY PROPERTIES

    Listing date Feb 4, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of KELLY PROPERTIES

    HighLights

    • 1.10 acre commercial lot in a high‑traffic Hendersonville location.
    • Zoned for heavy commercial planned unit development.
    • Approved for up to 12,120 sqft building.
    • Sewer and water on the property ready to tap in.
    • Surrounded by both residential and commercial properties.
    • Approved city plat available.

    Overview

    This 1.10-acre commercial lot is located in a high-traffic area of Hendersonville, surrounded by both residential and commercial properties. The zoning is heavy commercial planned unit development, and the site is approved for a building of up to 12,120 square feet. Sewer and water connections are available on the property, ready for tap-in. The approved city plat is available for review.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.6161
    Latitude
    36.3108

    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 Road, Hendersonville, TN 37075
      View Details
    • $675,000
      4,100 SF

      Commercial Condo with Warehouse Space

      Commercial condo featuring office and warehouse space with overhead door.
      5 Industrial Park Dr, Hendersonville, TN 37075
      View Details
    • $1,000,000
      3,744 SF

      Versatile Commercial Property on Main

      3,744 sq ft building with excellent visibility and traffic.
      327 W Main St, Hendersonville, TN 37075
      View Details
    • $1,999,900
      5,580 SF

      Renovated Commercial Building, Hendersonville

      Turnkey commercial building suitable for daycare and other businesses.
      207 Iris Dr, Hendersonville, TN 37075
      View Details
    • $350,000
      1,572 SF

      Hendersonville Office with Flexible Space

      Adaptable office space near Indian Lake Blvd and I-65.
      125 Shivel Dr, Hendersonville, TN 37075
      View Details
    • $449,900
      944 SF

      Hendersonville Commercial Conversion Opportunity

      Property in bustling commercial corridor, ideal for zoning conversion.
      120 Lauderdale Ct, Hendersonville, TN 37075
      View Details
    • $549,000

      Commercial Land Near Main Street

      Commercial land with high visibility and accessibility near amenities.
      127 Harlan Ave, Hendersonville, TN 37075
      View Details
    • $459,900

      Commercial Vacant Lot For Sale

      1.4 acre commercial vacant lot with high visibility.
      274 Rockland Rd, Hendersonville, TN 37075
      View Details
    • $379,999
      57,343 SF

      Commercial Lot in High-Traffic Area

      1.32-acre commercial lot in Hendersonville with development approval.
      98 Volunteer Dr, Hendersonville, TN 37075
      View Details
    • $679,000

      Old Hickory Lakefront Land Opportunity

      Rare lakefront lot on Old Hickory Lake with private dock.
      128 Lakeview Dr, Hendersonville, TN 37075
      View Details
    • $3,000,000
      4,856 SF

      Prime Land in Indian Lake

      5.05 acres in a rapidly growing retail corridor.
      1224 Stop 30 Rd, Hendersonville, TN 37075
      View Details
    • $549,000

      Commercial Land For Sale

      Commercial land available behind a strip center.
      127 Harlan Ave, Hendersonville, TN 37075
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.10-acre commercial lot in Hendersonville with development potential.
    Where is this commercial land located?
    The property is located at 98 Volunteer Dr Hendersonville, TN.
    What is the asking price?
    The asking price for this property is $359,999.
    What are key features of this property?
    This property features: 1.10 acre commercial lot in a high‑traffic Hendersonville location.; Zoned for heavy commercial planned unit development.; Approved for up to **12,120 sqft building**.
    (615) 385-5677
    We can help!
    Listing Contact
    FRANKY RIVERA
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    98 Volunteer Dr, Hendersonville, TN 37075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!