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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Warehouses
1041 Ctr Pt Rd Hendersonville, TN 37075-2005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1368045
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
FRAME
Total area
13,240 SF
Lot
5 ac (217,800 SF)
APN
083160 00202
UPID
US80-1368045
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
-
Lifepointe Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$2.30M
Owner & transaction history
Erc Properties LLC · 2 yrs held
Erc Properties LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+72.5%
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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$1,770,000
6.5%
$1,635,000
7%
$1,520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,920,000
Current use
RETAIL STORES
$3,310,000
Change: +73% · Conversion: Moderate
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (May 29 2024)
Last sale anchor
$2.30M
May 29 2024
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
$174 / 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
$12,570
Tax year 2023
Assessed value
$396,440
Assessed 2023
Previous assessed
$396,440
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$78,400
Assessed improvement
$318,040
Land market value
$196,000
Improvement market value
$795,100
Total market value
$991,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
13,240 SF
Lot
5 ac (217,800 SF)
APN
083160 00202
UPID
US80-1368045
Jurisdiction
SUMNER
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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1992
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5 ac
Current owner
From public records · entity-resolved
Erc Properties LLC
Entity
Mailing address
1041 CTR PT RD, HENDERSONVILLE, TN 37075-2005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
$2,300,000
Erc Properties LLC
Restoring Hope Church INC
Warranty Deed
$2,300,000 · Edmonton State Bank
Jul 13, 2018
—
Restoring Hope Church INC
—
Deed
related
$150,000 · Volunteer State Bank
Aug 3, 2017
$1,200,000
Restoring Hope Church INC
The Oasis Church INC
Warranty Deed
$1,020,000 · Volunteer State Bank
Feb 25, 2011
—
The Oasis Church INC
The Rock Tennessee
Quit Claim Deed
related
$450,000 · First Tennessee Bank NA
Aug 10, 2004
—
Word Of Life Fellowship
—
Trustees Deed
related
$900,000 · Capital Bank & Trust Co
Jan 25, 1995
$250,000
Word Of Life Fellowship
—
Grant Deed
related
—
—
—
Word Of Life Fellowship
—
Deed Of Trust
related
$260,000 · Capital Bank & Trust Co
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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