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Property profile & analytics
OFF-MARKET
Warehouses
188 Ctr Pt S Rd Hendersonville, TN 37075-2055
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1899007
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
FRAME
Total area
14,000 SF
Lot
1 ac (43,560 SF)
Zoning code
IR
APN
083161M A 00300
UPID
US80-1899007
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
-
Auto Driveaway - Nashville Car Dealership Shipping Company
-
Lawn Ranger Landscaping General Contractor
-
Ace Pipe Cleaning Business To Business Service Industrial Consultant
-
Cody Richardson Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cody E Richardson JR · 3 yrs held
Cody E Richardson JR
since 2022
Last sale
$410,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,253
Tax year 2023
Assessed value
$135,320
Assessed 2023
Previous assessed
$135,320
+0.0% YoY
Effective rate
4.62%
On assessed value
Assessed land
$37,720
Assessed improvement
$97,600
Land market value
$94,300
Improvement market value
$244,000
Total market value
$338,300
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
1992
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
14,000 SF
Lot
1 ac (43,560 SF)
Zoning code
IR
APN
083161M A 00300
UPID
US80-1899007
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.
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Cody E Richardson JR
Individual
Free & Clear · 3 yrs held
Mailing address
188 CTR PT RD S, HENDERSONVILLE, TN 37075-2055
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
—
Cody E Richardson JR
Cody E Richardson JR
Intrafamily Transfer
related
—
Nov 8, 2021
—
Cody E Richardson
—
Deed
related
$730,000 · Commercial Bank
Oct 11, 2019
—
Cody E Richardson
—
Deed
related
$45,000 · Commercial Bank
Jul 30, 2018
—
Cody E Richardson JR
—
Trustees Deed
related
$600,000 · Commercial Bk
Mar 30, 1999
$410,000
Cody E Richardson
F G Development Co INC
Grant Deed
$260,000 · Union Planters National Bank
—
—
Cody E Richardson JR.
—
Loan Modification
related
—
—
—
Cody E Richardson
—
Deed Of Trust
related
$355,000 · Franklin National Bank
—
—
Cody E Richardson JR.
—
Deed Of Trust
related
$565,000 · Pinnacle National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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