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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Warehouses
13 Industrial Park Dr Hendersonville, TN 37075-2824
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0856174
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
FRAME
Total area
13,996 SF
Lot
0.62 ac (27,219 SF)
Zoning code
IR
APN
083160N C 03203
UPID
US80-0856174
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
-
C. Rodgers Construction, LLC Construction Company
-
Geotechnics Laboratory
-
American Academy of Dance - Satellite Studio Training Center
-
Elite Properties LLC Real Estate Agency
-
One Stop Kitchen and Bath Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.22M
Owner & transaction history
Bbl LLC · 4 yrs held
Bbl LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
IR · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+72.5%
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
$2,295,000
ML approach
$2,360,000
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,730,000
7%
$1,605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,025,000
Current use
RETAIL STORES
$3,500,000
Change: +73% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $2.20M (Jan 19 2022)
Last sale anchor
$2.20M
Jan 19 2022
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
$9,449
Tax year 2023
Assessed value
$283,920
Assessed 2023
Previous assessed
$283,920
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$137,880
Assessed improvement
$146,040
Land market value
$344,700
Improvement market value
$365,100
Total market value
$709,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
13,996 SF
Lot
0.62 ac (27,219 SF)
Zoning code
IR
APN
083160N C 03203
UPID
US80-0856174
Jurisdiction
SUMNER
Zoning & alternative use
IR · Hendersonville, TN
Zoning IR · permitted uses
IR · 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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1978
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Bbl LLC
Entity
Mailing address
114 CHEEK RD, NASHVILLE, TN 37205-4216
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$2,200,000
Bbl LLC
Seaside Investments LLC
Warranty Deed
$1,386,000 · Listerhill Cu
Apr 17, 2019
—
Seaside Investments LLC
—
Trustees Deed
related
$375,000 · Fnb Bk
Mar 13, 2012
$434,265
Seaside Investments LLC
Baron Real Estate INC
Grant Deed
$731,520 · Wilson Bank & Trust
Feb 7, 2012
—
Baron Real Estate INC
Web Service Co INC
Quit Claim Deed
related
—
Jan 16, 2004
—
Baron Real Estate INC
Web Service Co
Quit Claim Deed
related
—
Jan 15, 2004
—
Baron Real Estate INC
Web Service Co INC
Quit Claim Deed
related
—
Sep 23, 1994
$350,000
Web Service Co INC
Unknown,
Grant Deed
—
—
—
Seaside Investments LLC
—
Deed Of Trust
related
$100,000 · Wilson Bank & Trust
—
—
Seaside Investments LLC
—
Loan Modification
related
$731,519 · Wilson Bank & Trust
—
—
Seaside Investments LLC
—
Deed Of Trust
related
$400,000 · Bank Of Tennessee
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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