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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Retail space
201 Anderson Ln Hendersonville, TN 37075-6938
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-1827152
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
FRAME
Total area
8,910 SF
Lot
1.04 ac (45,302 SF)
Zoning code
GCS
APN
083159B B 00900
UPID
US80-1827152
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
-
Sumner Breast Imaging Medical Clinic
-
Play It Again Sports - Hendersonville (Bike/Boat/Book/etc) Store
-
Initial This Production Facility Textile Manufacturer
-
TriStar Women's Imaging Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.13M
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$3.12M
Owner & transaction history
Lakehouse Properties N Anderson LLC · 10 yrs held
Lakehouse Properties N Anderson LLC
since 2016
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+52.9%
Medical building
$3.3M
+47.2%
Commercial (general)
$3.3M
+46.3%
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%
$3,390,000
6.5%
$3,130,000
7%
$2,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,225,000
Current use
AUTO REPAIR, GARAGE
$3,405,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$3,280,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,255,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $2.85M (Aug 27 2024)
Last sale anchor
$2.85M
Aug 27 2024
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
$350 / 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
$21,931
Tax year 2023
Assessed value
$673,840
Assessed 2023
Previous assessed
$673,840
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$363,480
Assessed improvement
$310,360
Land market value
$908,700
Improvement market value
$775,900
Total market value
$1,684,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
3
Bathrooms
3
Total area
8,910 SF
Lot
1.04 ac (45,302 SF)
Zoning code
GCS
APN
083159B B 00900
UPID
US80-1827152
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2008
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
3
Bathrooms
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Lakehouse Properties N Anderson LLC
Entity
Free & Clear · 10 yrs held
Mailing address
103 WHITE BRG PIKE #73, NASHVILLE, TN 37209-4539
Ownership since
2016
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
Feb 24, 2016
$2,150,000
Lakehouse Properties N Anderson LLC
M & K Properties II LLC
Warranty Deed
—
Oct 12, 2007
$5,450,000
Shoppes At Parish Place LLC
Arciterra Hd Hendersonville Tn
Grant Deed
$3,800,000 · General Electric Capital Corp
Mar 8, 2007
$815,443
M & K Properties LLC
Holrob Hendersonville Partnership I
Warranty Deed
$1,600,000 · Primetrust Bank
Jan 24, 2006
$1,723,148
Holrob-hendersonville Ptshp II
Ct Hendersonville LLC
Grant Deed
$3,355,000 · Fifth Third Bank
—
—
M & K Properties II LLC
—
Loan Modification
related
—
—
—
M & K Properties LLC
—
Deed Of Trust
related
$300,000 · Pinnacle National Bank
—
—
M & K Properties II LLC
—
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.
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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