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Property profile & analytics
OFF-MARKET
Estimated value
$4,845,000
Retail space
118 Saundersville Rd Hendersonville, TN 37075-8952
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1686379
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,080 SF
Lot
1.54 ac (67,082 SF)
Zoning code
GCS
APN
083145 08300
UPID
US80-1686379
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
-
simpliHOM - Real Estate Brokerage Real Estate Agency
-
Tammy Chambers - Parks Real Estate Agency
-
Michael Harrison - SimpliHOM Real Estate Agency
-
Paulette Biggers, Realtor simpliHOM Real Estate Agency
-
Felecia Mastin Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.45M
CAP Approach
CAP
$4.59M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.85M
Owner & transaction history
Hendersonville Commercial Propertie · 4 yrs held
Hendersonville Commercial Propertie
since 2021
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+52.9%
Medical building
$4.8M
+47.2%
Commercial (general)
$4.8M
+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
$6,440,000
ML approach
$6,445,000
CAP Approach
CAP Return
Estimation
6%
$4,975,000
6.5%
$4,590,000
7%
$4,265,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,270,000
Current use
AUTO REPAIR, GARAGE
$4,995,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$4,810,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,780,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$4.85M
Range $4.36M – $5.33M · ±10% · vs last sale $5.10M (Dec 30 2021)
Last sale anchor
$5.10M
Dec 30 2021
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
$370 / 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
$26,914
Tax year 2023
Assessed value
$818,480
Assessed 2023
Previous assessed
$818,480
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$380,560
Assessed improvement
$437,920
Land market value
$951,400
Improvement market value
$1,094,800
Total market value
$2,046,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
9
Total area
13,080 SF
Lot
1.54 ac (67,082 SF)
Zoning code
GCS
APN
083145 08300
UPID
US80-1686379
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
$3.3M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.8M
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
9
Lot
1.54 ac
Current owner
From public records · entity-resolved
Hendersonville Commercial Propertie
Individual
Mailing address
PO BOX 1327, BRENTWOOD, TN 37024-1327
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$5,100,000
Hendersonville Commercial Propertie
Crx Partners
Special Warranty Deed
$3,060,000 · Renasant Bank
Jun 29, 2021
$6,750,000
Saunders Ville 114 Medical Prop LLC
Crx Partners
Special Warranty Deed
—
Aug 15, 2017
—
Crx Partners
—
Trustees Deed
related
$4,750,000 · Farmers Bk
Jun 30, 2014
—
Npdp-crossings LLC
Crossings Dev Partners LLC
Quit Claim Deed
related
—
Jun 30, 2014
$1,547,469
Crx Partners
Npdp-crossings LLC
Warranty Deed
$3,655,000 · The Farmers Bank
Apr 18, 2012
—
Crossings Dev Partners LLC
Npdp-crossings LLC
Quit Claim Deed
related
—
Jan 26, 2012
$6,500,000
Npdp-crossings LLC
Crossings Dev LLC
Grant Deed
$6,175,000 · First 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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