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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Office Spaces
116 Maple Row Blvd Hendersonville, TN 37075-3896
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1852917
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Total area
7,980 SF
Lot
0.54 ac (23,522 SF)
Zoning code
GCS
APN
083159O D 01500
UPID
US80-1852917
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
-
Bruce Rainey & Associates Land Surveyor
-
Hawkins Brothers Contractors Construction Company General Contractor
-
Packard Landscape Co Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Shawn J Ireland · 2 yrs held
Shawn J Ireland
since 2023
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
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
$1,405,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $800k (Dec 4 2023)
Last sale anchor
$800k
Dec 4 2023
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
$159 / 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
$8,217
Tax year 2023
Assessed value
$249,000
Assessed 2023
Previous assessed
$249,000
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$100,680
Assessed improvement
$148,320
Land market value
$251,700
Improvement market value
$370,800
Total market value
$622,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
7,980 SF
Lot
0.54 ac (23,522 SF)
Zoning code
GCS
APN
083159O D 01500
UPID
US80-1852917
Jurisdiction
SUMNER
Zoning & alternative use
GCS · Hendersonville, TNZoning GCS · permitted uses
GCS · Hendersonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2025 Zoning ordinance
Building & site characteristics
From public records
Year built
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Shawn J Ireland
Individual
Mailing address
205 CHEROKEE PT, HENDERSONVILLE, TN 37075-3707
Ownership since
2023
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 4, 2023
$800,000
Shawn J Ireland
J Bruce Rainey
Warranty Deed
$720,000 · J Bruce Rainey
Apr 20, 2006
—
J Bruce Rainey
—
Trustees Deed
related
$250,000 · Cumberland Bank
—
—
J Bruce Rainey
—
Deed Of Trust
related
$171,826 · Commerce Union Bank
—
—
J Bruce Rainey
—
Deed Of Trust
related
$171,826 · Commerce Union Bank
—
—
Rainey J B
—
Deed Of Trust
related
$213,553 · Cumberland 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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