Corner Mixed-Use
For Sale
Contact for pricing
901 W Main St, Hendersonville, TN 37075
GC-zoned property with five at-grade suites and access from a signalized corner along West Main Street.
Property Size7,500 SF
Price / SF$319.87
Days on Market339
Property Features for 901 W Main St
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
40
Property subtype
Hospitality, Retail, Office
Zoning
GC
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Traffic Count
28,720 vehicles/day
Road Access
Yes
Additional Details
Office Units
5
Building Details
Year Built
1958
Year Renovated
2010
Buildings
1
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
WEICHERT, REALTORS – Southern Realty Partners
Listed By:
Stan Hardaway · License #TN
Source:
Crexi
Added: Sep 26, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:15AM
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 WEICHERT, REALTORS – Southern Realty Partners
Investment Insights
Based on property information with market context.
This mixed-use property includes a 7,520-square-foot building constructed in 1958. The improvements provide 4,320 square feet on the first floor at grade and 3,200 square feet on the ground floor at grade, with the interior arranged as five suites.
Positioned at the corner of West Main Street, the site benefits from access controlled by a traffic signal and reported traffic volume of 28,720 VPD. GC zoning supports a range of stated commercial uses, including retail, restaurant, office, hotel, and car dealership applications.
Positioned at the corner of West Main Street, the site benefits from access controlled by a traffic signal and reported traffic volume of 28,720 VPD. GC zoning supports a range of stated commercial uses, including retail, restaurant, office, hotel, and car dealership applications.
Key Highlights
- 7,520 SF building constructed in 1958
- 4,320 SF first floor at grade and 3,200 SF ground floor at grade
- Interior divided into 5 suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,158
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,423,160
$3.4M
Cap Rate 7%
$2,445,114
$2.4M
Cap Rate 9%
$1,901,756
$1.9M
Market Conditions
NOI Build-Up for 7,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$254.7K $33.96/SF
− Vacancy
−$10.2K −$1.36/SF
EGI
$244.5K $32.60/SF
− OpEx
−$73.4K −$9.78/SF
NOI
$171.2K $22.82/SF
Area
Sumner County, TN
Vacancy
4.00%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,423,160
Cap Rate 7%
$2,445,114
Cap Rate 9%
$1,901,756
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.85M
NOI $171,158 @ 7.0% cap · market cap 7.13%
Second Best
Office B
$1.79M
$1.57M – $2.09M
NOI $125,483 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.06M
NOI $183,766 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
28,720 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 37075, TN
71,023
Population
29,600
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,204
Density / Sq Mi
$97,597
Median Household Income
$50,323
Median Earnings
$1,552
Median Rent
$403,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - GC-zoned property with five at-grade suites and access from a signalized corner along West Main Street.
Where is this mixed-use property located?
The property is located at 901 W Main St Hendersonville, TN.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 7,520 SF building constructed in 1958; 4,320 SF first floor at grade and 3,200 SF ground floor at grade; Interior divided into 5 suites
