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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Office Spaces
133 Indian Lk Rd Hendersonville, TN 37075-3883
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1130372
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Total area
12,288 SF
Lot
0.74 ac (32,234 SF)
Zoning code
GCS
APN
083159O D 03200
UPID
US80-1130372
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
-
Ross Center Crisis Center Medical Clinic
-
Williamson Insurance & Investments LLC Insurance Agency
-
Dr. Norman L. Leeper, MD Physician Medical Clinic
-
Cumberland Mental Health Crisis Center Medical Clinic
-
Don Dodd Insurance & Financial Group LLC -Insurance Agency in Hendersonville , TN , 37075 Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.75M
Owner & transaction history
Clayton Ellis Truitt · 1 yrs held
Clayton Ellis Truitt
since 2025
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
GCS · 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
$2,060,000
ML approach
$1,880,000
CAP Approach
CAP Return
Estimation
6%
$2,490,000
6.5%
$2,295,000
7%
$2,135,000
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.53M (Mar 13 2025)
Last sale anchor
$1.53M
Mar 13 2025
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
$142 / 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
$15,021
Tax year 2023
Assessed value
$459,040
Assessed 2023
Previous assessed
$459,040
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$109,080
Assessed improvement
$349,960
Land market value
$272,700
Improvement market value
$874,900
Total market value
$1,147,600
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
4
Bathrooms
4
Total area
12,288 SF
Lot
0.74 ac (32,234 SF)
Zoning code
GCS
APN
083159O D 03200
UPID
US80-1130372
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.
Building & site characteristics
From public records
Year built
1987
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
Clayton Ellis Truitt
Individual
Free & Clear · 1 yrs held
Mailing address
4421 SHEPPARD PL, NASHVILLE, TN 37205-3813
Ownership since
2025
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
Mar 13, 2025
—
Clayton Ellis Truitt
Carrie C Ellis
Deed
related
—
Sep 30, 2024
—
Carrie C Ellis
Truitt C Ellis
Deed
related
—
Aug 1, 2019
$1,527,750
Truitt C Ellis
Ernst Western Properties
Warranty Deed
$1,145,000 · Truxton Trust Company
Feb 24, 1988
$575,000
Ernst-western Properties
Unknown
Grant Deed
—
—
—
Ernst Western Properties
—
Loan Modification
related
—
—
—
Western Properties Ernst
—
Loan Modification
related
—
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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