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Property profile & analytics
OFF-MARKET
Estimated value
$4,470,000
Commercial real estate
110 10th Way Hendersonville, TN 37075-3158
Entity Owned
7-yr Hold
Property ID
US80-2821973
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Construction
FRAME
Total area
17,080 SF
Lot
8.22 ac (358,063 SF)
APN
083160M A 02700
UPID
US80-2821973
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
$3.20M
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.47M
Owner & transaction history
Top Properties LLC · 7 yrs held
Top Properties LLC
since 2018
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+4.5%
Medical building
$6.3M
+0.6%
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%
$3,460,000
6.5%
$3,195,000
7%
$2,965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,245,000
Current use
AUTO REPAIR, GARAGE
$6,525,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$6,285,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±10% · vs last sale $5.00M (Jan 7 2025)
Last sale anchor
$5.00M
Jan 7 2025
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
$262 / 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
$19,551
Tax year 2023
Assessed value
$502,240
Assessed 2023
Previous assessed
$502,240
+0.0% YoY
Effective rate
3.89%
On assessed value
Assessed land
$133,040
Assessed improvement
$369,200
Land market value
$332,600
Improvement market value
$923,000
Total market value
$1,255,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Stories
1
Units
1
Total area
17,080 SF
Lot
8.22 ac (358,063 SF)
APN
083160M A 02700
UPID
US80-2821973
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
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2017
Construction
FRAME
Heating
YES
Stories
1
Units
1
Lot
8.22 ac
Current owner
From public records · entity-resolved
Top Properties LLC
Entity
Mailing address
106 CELEBRITY DR, TUPELO, MS 38804-4906
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
—
Top Properties LLC
Michael,jeff
Quit Claim Deed
related
$2,400,000 · Insbank
Dec 17, 2015
—
Jeff Michael
—
Trustees Deed
related
$901,935 · First Choice Bk
Feb 23, 2015
$280,000
Jeff Michael
Wf & Dt Properties LLC
Warranty Deed
$223,350 · Charles L Michael
—
—
Top Properties LLC
—
Loan Modification
related
$785,025 · Insbank
—
—
Jeff Michael
—
Deed Of Trust
related
$291,800 · Insbank
—
—
Jeff Michael
—
Deed Of Trust
related
$2,400,000 · Insbank
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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