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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Medical Office Space
109 Hazel Path Hendersonville, TN 37075-3888
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0863998
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
12,538 SF
Lot
0.76 ac (33,000 SF)
Zoning code
CPUD
APN
083164A C 02100
UPID
US80-0863998
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
-
Yolanda Owens Physician
-
Maria Faye Walton Physician Medical Clinic
-
Eugenia Hatchett Physician Medical Clinic
-
Jorge Boero Physician Medical Clinic
-
Hannah Alexander Street Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.20M
Owner & transaction history
Hazel Path Holdings LLC · 1 yrs held
Hazel Path Holdings LLC
since 2024
Last sale
$6.2M
4 recorded transactions
Zoning & alternative use
CPUD · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2025 Zoning ordinance
Top alternative use upside
Restaurant
$8.2M
+76.8%
Auto repair, garage
$4.8M
+3.9%
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
$6,200,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,610,000
Current use
RESTAURANT
$8,155,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,790,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,585,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $6.20M (Aug 30 2024)
Last sale anchor
$6.20M
Aug 30 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
$494 / 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
$17,002
Tax year 2023
Assessed value
$516,400
Assessed 2023
Previous assessed
$516,400
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$180,000
Assessed improvement
$336,400
Land market value
$450,000
Improvement market value
$841,000
Total market value
$1,291,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
12,538 SF
Lot
0.76 ac (33,000 SF)
Zoning code
CPUD
APN
083164A C 02100
UPID
US80-0863998
Jurisdiction
SUMNER
Zoning & alternative use
CPUD · Hendersonville, TNZoning CPUD · permitted uses
CPUD · Hendersonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2025 Zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1986
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
0.76 ac
Current owner
From public records · entity-resolved
Hazel Path Holdings LLC
Entity
Mailing address
100 BLUEGRASS CMNS BLVD STE #200, HENDERSONVILLE, TN 37075-2734
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$6,200,000
Hazel Path Holdings LLC
Bill S Gough LLC
Warranty Deed
$6,750,000 · Wilson Bank & Trust
Jan 8, 2007
$5,575,000
Bill S Gough LLC
Mcdaniel Luther D Trust
Grant Deed
—
Nov 9, 2005
—
Mcdaniel Luther D Trust
Mcdaniel,luther D
Quit Claim Deed
related
—
Aug 1, 2000
$4,250,000
Luther D Mcdaniel
Riadon,john W & Beverly C
Grant Deed
$3,400,000 · Union Planters National 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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