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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Medical Office Space
166 Main St Hendersonville, TN 37075-2520
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1020432
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
FRAME
Total area
5,039 SF
Lot
0.93 ac (40,455 SF)
Zoning code
GCS
APN
083159I D 03000
UPID
US80-1020432
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
-
Geriatrics Consulting Group Medical Clinic
-
Sanders Clarence MD Physician
-
Dr. Donald E. Vollmer Jr, MD Geriatric Care Provider
-
Dr. William S. Johnson, MD Pediatrician Medical Clinic
-
Russell Nathan W Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$765k
Owner & transaction history
Drakes Creek Holdings LLC · 7 yrs held
Drakes Creek Holdings LLC
since 2019
4 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
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
$545,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$152 / 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
$16,650
Tax year 2023
Assessed value
$507,120
Assessed 2023
Previous assessed
$507,120
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$342,640
Assessed improvement
$164,480
Land market value
$856,600
Improvement market value
$411,200
Total market value
$1,267,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
5
Total area
5,039 SF
Lot
0.93 ac (40,455 SF)
Zoning code
GCS
APN
083159I D 03000
UPID
US80-1020432
Jurisdiction
SUMNER
Zoning & alternative use
GCS · Hendersonville, TNZoning GCS · permitted uses
GCS · Hendersonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2025 Zoning ordinance
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
0.93 ac
Current owner
From public records · entity-resolved
Drakes Creek Holdings LLC
Entity
Mailing address
1000 KENNESAW BLVD, GALLATIN, TN 37066-6060
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Drakes Creek Holdings LLC
—
Deed
related
$923,000 · Sonata Bank
Jun 26, 2019
$4,270,000
Drakes Creek Holdings LLC
Martins Oak Family LLC
Warranty Deed
$4,037,221 · Security Bank & Trust
Mar 9, 2010
—
Martins Oak Family LLC
Martins Oak Family LP
Quit Claim Deed
related
—
Nov 6, 2001
—
Martins Oak Family LP
Martin,james G
Quit Claim Deed
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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