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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
132 Commerce Dr Hendersonville, TN 37075-6815
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3177153
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
4,480 SF
Lot
0.46 ac (20,000 SF)
Zoning code
IR
APN
083160N C 06700
UPID
US80-3177153
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
$805k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$610k
Owner & transaction history
V & W Investments LLC · 3 yrs held
V & W Investments LLC
since 2023
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
IR · 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
$835,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$650,000
Current use
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $475k (Apr 3 2023)
Last sale anchor
$475k
Apr 3 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
$136 / 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
$4,415
Tax year 2023
Assessed value
$128,960
Assessed 2023
Previous assessed
$128,960
+0.0% YoY
Effective rate
3.42%
On assessed value
Assessed land
$97,280
Assessed improvement
$31,680
Land market value
$243,200
Improvement market value
$79,200
Total market value
$322,400
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
1990
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
4,480 SF
Lot
0.46 ac (20,000 SF)
Zoning code
IR
APN
083160N C 06700
UPID
US80-3177153
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
$650,000
WAREHOUSE, STORAGE 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
1990
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
V & W Investments LLC
Entity
Mailing address
132 COMMERCE DR, HENDERSONVILLE, TN 37075-6815
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$475,000
V & W Investments LLC
Elbert J Carter
Warranty Deed
$475,000 · Elbert J Carter Etux
Jul 6, 2021
—
Elbert J Carter
—
Deed
related
$33,000 · Volunteer State Bank
Aug 20, 2018
—
Elbert J Carter
—
Deed
related
$100,000 · Volunteer State Bank
Jan 24, 2013
—
Eis Partners LLC
Jenkins,rodger D
Quit Claim Deed
related
—
Jan 9, 2013
—
Eis Partners LLC
Jenkins,rodger D
Quit Claim Deed
related
—
Dec 3, 2012
—
Elbert J Carter
Jenkins,rodger D
Quit Claim Deed
related
—
Oct 28, 2004
—
Rodger Jenkins
Eis Partners
Quit Claim Deed
related
—
Feb 7, 1990
$41,000
W C W Electric Co INC
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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