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Property profile & analytics
OFF-MARKET
Estimated value
$9,295,000
Retail properties & Spaces
170 Main St Hendersonville, TN 37075-2587
Trust Owned
6-yr Hold
Free & Clear
Property ID
US80-0185075
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,750 SF
Lot
5.26 ac (229,126 SF)
Zoning code
C-PUD
APN
083159I D 03300
UPID
US80-0185075
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
-
EnVision Drone & Media Studios Film Production Television Studio
-
Katapy (Bike/Boat/Book/etc) Store Corporate Office
-
Alcoholic Rehab Help Social Service Agency Medical Clinic
-
Callaway Home Improvements General Contractor
-
AK Tobacco and Vape ( smoke shop ) (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.91M
Blend (final)
Blend
$9.30M
Owner & transaction history
Suhr,tong M & Faye J Living Trust · 6 yrs held
Suhr,tong M & Faye J Living Trust
since 2019
7 recorded transactions
Zoning & alternative use
C-PUD · 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
Blend value · Realmo final
$9.30M
Range $8.37M – $10.22M · ±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
$141 / 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
$59,813
Tax year 2023
Assessed value
$1,766,760
Assessed 2023
Previous assessed
$1,766,760
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$890,040
Assessed improvement
$876,720
Land market value
$2,225,100
Improvement market value
$2,191,800
Total market value
$4,416,900
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
3
Total area
65,750 SF
Lot
5.26 ac (229,126 SF)
Zoning code
C-PUD
APN
083159I D 03300
UPID
US80-0185075
Jurisdiction
SUMNER
Zoning & alternative use
C-PUD · Hendersonville, TN
Zoning C-PUD · permitted uses
C-PUD · 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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
5.26 ac
Current owner
From public records · entity-resolved
Suhr,tong M & Faye J Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
301 LUCERNE BLVD, LOS ANGELES, CA 90005
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Tong M Suhr
—
Deed
related
$2,600,000 · Bbcn Bank
Aug 19, 2019
—
Suhr,tong M & Faye J Living Trust
Suhr,tong M & Faye J
Quit Claim Deed
related
—
Apr 23, 2019
$1,391,250
Hendersonville 2872 Partners
Msci 2007 Iq16 East Main Street LLC
Special Warranty Deed
—
Jun 1, 2018
$1,000,000
Msci 2007-iq16 E Main Street L
Prochaska Joseph R|eastern Land Co LLC
Trust Deed
related
—
Apr 24, 2015
$4,600,000
Myung Suhr Tong
P&m Investment Company1 LLC
Warranty Deed
$3,100,000 · Wells Fargo Bank NA
May 4, 2009
$3,410,000
P & M Investment Company1 LLC
Ashford 83 Associates
Grant Deed
$2,557,500 · Pinnacle National Bank
Aug 6, 1997
$159,800
David M Board JR.
Sethi,s L R
Grant Deed
$129,800 · S L Sethi
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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