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Property profile & analytics
OFF-MARKET
Estimated value
$6,240,000
Warehouses
1046 Avondale Rd Hendersonville, TN 37075-9669
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0193261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
FRAME
Total area
112,036 SF
Lot
4.47 ac (194,713 SF)
Zoning code
IG
APN
083146 01605
UPID
US80-0193261
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
$6.61M
Blend (final)
Blend
$6.24M
Owner & transaction history
Victor E Mcmurray · 1 yrs held
Victor E Mcmurray
since 2024
5 recorded transactions
Zoning & alternative use
IG · 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
$6.24M
Range $5.62M – $6.86M · ±10%
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
$56 / 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
$30,777
Tax year 2023
Assessed value
$872,600
Assessed 2023
Previous assessed
$872,600
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$169,560
Assessed improvement
$703,040
Land market value
$423,900
Improvement market value
$1,757,600
Total market value
$2,181,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
2
Total area
112,036 SF
Lot
4.47 ac (194,713 SF)
Zoning code
IG
APN
083146 01605
UPID
US80-0193261
Jurisdiction
SUMNER
Zoning & alternative use
IG · Hendersonville, TN
Zoning IG · permitted uses
IG · 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
1987
Construction
FRAME
Heating
YES
Stories
1
Units
1
Bathrooms
2
Lot
4.47 ac
Current owner
From public records · entity-resolved
Victor E Mcmurray
Individual
Free & Clear · 1 yrs held
Mailing address
641 E MAIN ST, HENDERSONVILLE, TN 37075-2686
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Victor E Mcmurray
James W Mcmurraqy Revocable Living
Deed
related
—
Dec 9, 2024
$10,500,000
Glenview Industrial II 1046 Avondal
J W Mcmurray
Special Warranty Deed
$6,500,000 · Ameritas Life Insurance Corp
Sep 11, 2008
—
Mcmurray James W Living Trust
Mcmurray,j W
Quit Claim Deed
related
—
Aug 17, 2000
$900,000
J W Mcmurray
Chipman,charles E
Grant Deed
$450,000 · Bank Of Nashville
—
—
Mcmurray J W
—
Deed Of Trust
related
$950,000 · Bank Of Nashville
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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