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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Retail space
203 Anderson Ln Hendersonville, TN 37075-6931
Individually Owned
8-yr Hold
Free & Clear
Property ID
US80-3468481
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,450 SF
Lot
1.5 ac (65,340 SF)
Zoning code
GCS
APN
083159B B 00800
UPID
US80-3468481
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
-
Jimmy John's Take-out & Catering Catering Service
-
Santosha Yoga Gym & Fitness Center
-
Sun Tan City Tanning Salon
-
Edward Jones - Financial Advisor: Brian S Homra Financial Advisor
-
Rosie Food & Wine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
Westchase Series 2 · 8 yrs held
Westchase Series 2
since 2017
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,110,000
Current use
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±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
$196 / 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
$29,205
Tax year 2023
Assessed value
$884,320
Assessed 2023
Previous assessed
$884,320
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$403,400
Assessed improvement
$480,920
Land market value
$1,008,500
Improvement market value
$1,202,300
Total market value
$2,210,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
8
Bathrooms
8
Total area
16,450 SF
Lot
1.5 ac (65,340 SF)
Zoning code
GCS
APN
083159B B 00800
UPID
US80-3468481
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
$4.1M
RETAIL STORES Current
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
8
Bathrooms
8
Lot
1.5 ac
Current owner
From public records · entity-resolved
Westchase Series 2
Individual
Free & Clear · 8 yrs held
Mailing address
148 MIMOSA DR, GALLATIN, TN 37066-4451
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2017
$4,000,000
Westchase Series 2
Shoppes At Parish Place 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
May 17, 2007
$4,850,000
Hendersonville Tn Arciterra Hd
Holrob-hendersonville Ptshp II
Warranty Deed
—
May 8, 2006
—
Holrob-hendersonville Ptshp II
—
Trustees Deed
related
$345,000 · Fifth Third Bank
Jan 24, 2006
$1,723,148
Holrob-hendersonville Ptshp II
Ct Hendersonville LLC
Warranty Deed
$3,355,000 · Fifth Third 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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