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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Grocery and convenience stores
1077 Main St Hendersonville, TN 37075-2827
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-0079704
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2020
Construction
FRAME
Total area
6,192 SF
Lot
1.77 ac (77,101 SF)
Zoning code
GCS
APN
083160 06700
UPID
US80-0079704
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
-
RaceTrac (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Racetrac Petroleum INC · 7 yrs held
Racetrac Petroleum INC
since 2019
7 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+52.9%
Medical building
$2.3M
+47.2%
Commercial (general)
$2.3M
+46.3%
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
Alternative Use
Use
Estimation
RETAIL STORES
$1,545,000
Current use
AUTO REPAIR, GARAGE
$2,365,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$2,280,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,265,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$249 / 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
$27,438
Tax year 2023
Assessed value
$834,640
Assessed 2023
Previous assessed
$834,640
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$219,320
Assessed improvement
$615,320
Land market value
$548,300
Improvement market value
$1,538,300
Total market value
$2,086,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
6,192 SF
Lot
1.77 ac (77,101 SF)
Zoning code
GCS
APN
083160 06700
UPID
US80-0079704
Jurisdiction
SUMNER
Zoning & alternative use
GCS · Hendersonville, TN
Zoning GCS · permitted uses
GCS · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2020
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Racetrac Petroleum INC
Entity
Free & Clear · 7 yrs held
Mailing address
200 GALLERIA PKWY SE STE #900, ATLANTA, GA 30339-5945
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
—
Racetrac Petroleum INC
Messinger Frank R L/tr
Quit Claim Deed
related
—
May 29, 2019
$725,000
Racetrac Petroleum INC
Sill Walter & Janet L/tr
Warranty Deed
—
Sep 28, 2017
—
Sill,walter & Janet Living Trust
Sill,walter F JR & Janet R
Quit Claim Deed
related
—
Sep 2, 2009
$750,000
Walter F Sill JR.
Stephens,gregory T
Deed In Lieu Of Foreclosure
—
Mar 31, 2009
—
Gregory T Stephens
—
Trustees Deed
related
$150,000 · Spring Creek Investment LLC
Dec 22, 2004
$750,000
Gregory T Stephens
Sill,walter F JR & Janet R
Warranty Deed
$750,000 · Walter F JR & Janet R Sill
Jul 13, 1998
$260,000
Walter F Sill
Ftw Properties LLC
Grant Deed
—
Aug 22, 1997
—
Ftw Properties LLC
—
Deed Of Trust
related
—
Jul 28, 1997
$245,000
Tw Properties
—
Grant Deed
related
—
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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