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Property profile & analytics
OFF-MARKET
Estimated value
$6,460,000
Manufacturing properties
1241 Avondale Rd Hendersonville, TN 37075-9672
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1750414
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
FRAME
Total area
116,355 SF
Lot
8 ac (348,480 SF)
Zoning code
IG
APN
083146 01705
UPID
US80-1750414
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
-
Nashville Tempered Glass Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.46M
Owner & transaction history
Grants Fireworks Prop Mgmt LP · 7 yrs held
Grants Fireworks Prop Mgmt LP
since 2018
6 recorded transactions
Zoning & alternative use
IG · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$9,110,000
Current use
Blend value · Realmo final
$6.46M
Range $5.81M – $7.11M · ±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
$56 / 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
$66,863
Tax year 2023
Assessed value
$1,973,120
Assessed 2023
Previous assessed
$1,973,120
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$279,000
Assessed improvement
$1,694,120
Land market value
$697,500
Improvement market value
$4,235,300
Total market value
$4,932,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Bathrooms
9
Total area
116,355 SF
Lot
8 ac (348,480 SF)
Zoning code
IG
APN
083146 01705
UPID
US80-1750414
Jurisdiction
SUMNER
Zoning & alternative use
IG · Hendersonville, TN
Zoning IG · permitted uses
IG · 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
INDUSTRIAL (GENERAL) Current
Est. value
$9.1M
INDUSTRIAL (GENERAL) Current
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
2006
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Bathrooms
9
Lot
8 ac
Current owner
From public records · entity-resolved
Grants Fireworks Prop Mgmt LP
Entity
Free & Clear · 7 yrs held
Mailing address
1860 AIR LN DR, NASHVILLE, TN 37210-3812
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 20, 2018
—
Grants Fireworks Prop Mgmt LP
Gaskins Gene R
Quit Claim Deed
related
—
Jul 3, 2017
—
Grants Fireworks Prop Mgmt Gp
—
Grant Deed
related
$2,300,000 · First Tn Bk
Aug 11, 2009
—
Grants Fireworks Prop Mgmt
—
Deed Of Trust
related
$6,200,000 · First Bank
May 18, 2007
—
Grants Fireworks Prop Mgmt
Gaskins Group LLC
Quit Claim Deed
related
—
May 4, 2007
—
Grant Fireworks Prop Mgmt
Gaskins Group LLC
Quit Claim Deed
related
—
Oct 11, 1990
$200,000
Earl Bentz
Unknown
Grant Deed
—
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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