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Property profile & analytics
FOR SALE
Commercial land
100 New Shackle Island Rd, Hendersonville, TN 37075
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-3269156
For Sale
1 / 2
$1,278,000
100 New Shackle Island Rd, Hendersonville, TN 37075
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2018
Total area
1,890 SF
Lot
7 ac (304,920 SF)
Zoning code
MCD
APN
083160M A 00501
UPID
US80-3269156
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.27M
Owner & transaction history
Elliott Partners Ltd · 2 yrs held
Elliott Partners Ltd
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
MCD · Hendersonville, 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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.18M (Oct 6 2023)
Last sale anchor
$1.18M
Oct 6 2023
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
$672 / 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
$7,636
Tax year 2023
Assessed value
$211,400
Assessed 2023
Previous assessed
$211,400
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$211,400
Land market value
$528,500
Total market value
$528,500
Applied tax rate
83.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
2018
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,890 SF
Lot
7 ac (304,920 SF)
Zoning code
MCD
APN
083160M A 00501
UPID
US80-3269156
Jurisdiction
SUMNER
Zoning & alternative use
MCD · Hendersonville, TN
Zoning MCD · permitted uses
MCD · Hendersonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
7 ac
Current owner
From public records · entity-resolved
Elliott Partners Ltd
Entity
Free & Clear · 2 yrs held
Mailing address
2526 N STALLINGS DR, NACOGDOCHES, TX 75964-1201
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$1,181,565
Elliott Partners Ltd
Richland South LLC
Special Warranty Deed
—
Jul 7, 2023
—
Rm Hendersonville LLC
—
Deed
related
$3,564,213 · Thomas R Hudson
Jan 20, 2023
$807,083
Rm Hendersonville LLC
Riculanti South LLC
Special Warranty Deed
—
Jan 16, 2019
$1,640,750
Music City Industrial Park LLC
Richland South LLC
Grant Deed
—
Mar 8, 2017
$640,000
Hendersonville,self-storage Trust
Richland South LLC
Grant Deed
—
Jan 3, 2017
$585,000
Certech USA INC
Richland South LLC
Grant Deed
—
Jul 15, 2013
$1,173,510
Richland South LLC
Dorris,henry
Grant Deed
$7,500,000 · Cb&s Bank
Oct 2, 2009
—
Henry Dorris
—
Trustees Deed
related
$409,680 · Volunteer State Bank
Jul 10, 2008
$1,725,000
Henry Dorris
Coppage,pauline M
Warranty Deed
$600,000 · Regions Bank
—
—
Henry Dorris
—
Deed Of Trust
related
$409,680 · Volunteer State Bank
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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