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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229th Indian Lk Blvd Hendersonville, TN 37075-6214

    • Retail space
    • 6,368 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2800300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 229th Indian Lk Blvd

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    6,368 SF
    Property type
    Retail space
    APN
    083145 10000
    APU
    8314510000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,590,000
      Current use
      AUTO REPAIR, GARAGE
      $2,435,000
      Change: +53% Conversion: Difficult
      MEDICAL BUILDING
      $2,345,000
      Change: +47% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,330,000
      Change: +46% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.5943
    Latitude
    36.3292
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,472
    $326,000
    $208,680
    $534,680
    -
    $815,000
    $521,700
    $1,336,700

    Comparable in this City

    • Value Estimation by Request
      2,987 SF

      109 Sanders Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,987 SF
      109 Sanders Fry Rd, Hendersonville, TN 37075-3626
      View Details
    • Value Estimation by Request
      924 SF

      107 Maple St

      RETAIL STORES (PERSONAL SERVICES) • 924 SF
      107 Maple St, Hendersonville, TN 37075-3301
      View Details
    • Value Estimation
      $6,885,000
      8,000 SF

      206 Anderson Ln

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      206 Anderson Ln, Hendersonville, TN 37075-6912
      View Details
    • Value Estimation
      $4,725,000
      11,692 SF

      280 Indian Lk Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,692 SF
      280 Indian Lk Blvd, Hendersonville, TN 37075-6356
      View Details
    • Value Estimation
      $2,000,000
      13,520 SF

      104 Jessica Lauren Ct

      RETAIL STORES (PERSONAL SERVICES) • 13,520 SF
      104 Jessica Lauren Ct, Hendersonville, TN 37075-9619
      View Details
    • Value Estimation
      $7,620,000
      5,734 SF

      277 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,734 SF
      277 Main St, Hendersonville, TN 37075-3317
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hendersonville Former Financial Services Building

      Former financial services building with drive-thrus on 1.03 acres.
      451 W Main St, Hendersonville, TN 37075
      View Details
    • $649,900
      1,395 SF

      Prime Location in Dockside Neighborhood

      Commercial property in high-traffic area with mixed-use zoning.
      130 Walton Ferry Rd, Hendersonville, TN 37075
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    • $375,000
      1.73 Acres

      Hendersonville Commercial Building Lot

      Prime 1.73-Acre Lot, Ready to Build
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    • $2,000,000
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      Prime Hendersonville Commercial Land

      3.73 Acres, Pad-Ready, High Visibility
      1003 Center Point Rd, Hendersonville, TN 37075
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    • $2,125,000
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      Hendersonville Commercial Land Portfolio

      Prime 3.35-acre commercial land, two parcels
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    • $449,900
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      Hendersonville Office Condo Investment

      Prime Office Condo, Leased, Great Location
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    Similar Nearby for Lease

    • $6,666 /Mo
      2,400 SF

      Retail Pad Ground Lease Available

      2,400 SF retail pad available for ground lease.
      1010 Glenbrook Way, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space at Signalized Intersection

      Retail space available for lease at 711 E Main St.
      711 E Main St, Hendersonville, TN 37075
      View Details
    • $14 SF/Yr
      5,064 SF

      Versatile Space in Hendersonville, TN

      5,064 SF space suitable for office or retail uses.
      300 Free Hill Rd, Hendersonville, TN 37075
      View Details
    • $25 SF/Yr
      5,600 SF

      Retail Space Beside Kroger

      5,600 SF retail space available Summer 2020.
      237 E Main St, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      36,250 SF

      Retail Space on Main Street

      Retail property with high visibility and traffic count available for rent.
      500 W Main St, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      2,800 SF

      Hendersonville Retail Space For Lease

      Retail space in regional shopping center on East Main Street.
      393 E Main St, Hendersonville, TN 37075
      View Details
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    Hendersonville, TN 37075-6214
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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