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Property profile & analytics
OFF-MARKET
Estimated value
$7,150,000
Retail space
230 New Shackle Is Rd Hendersonville, TN 37075-2483
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3410299
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,996 SF
Lot
2.56 ac (111,514 SF)
Zoning code
GCS
APN
083160D B 01201
UPID
US80-3410299
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
-
Hendersonville Family Dentistry LLC Dental Office
-
Dr. Brandon S. Harbin, DDS Dental Office
-
OsteoStrong of Hendersonville Gym & Fitness Center Alternative Medicine Practice
-
Dr. Sundararajan Venkatesh, MD Physician Medical Clinic
-
Alive Hendersonville Office Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.15M
CAP Approach
CAP
$9.13M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$7.15M
Owner & transaction history
4pt Hendersonville Property 1 LLC · 1 yrs held
4pt Hendersonville Property 1 LLC
since 2024
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.9M
+52.9%
Medical building
$9.6M
+47.2%
Commercial (general)
$9.5M
+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
$7,150,000
ML approach
$7,150,000
CAP Approach
CAP Return
Estimation
6%
$9,890,000
6.5%
$9,125,000
7%
$8,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,495,000
Current use
AUTO REPAIR, GARAGE
$9,930,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$9,565,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,505,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$7.15M
Range $6.44M – $7.87M · ±10% · vs last sale $7.15M (Nov 27 2024)
Last sale anchor
$7.15M
Nov 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
$275 / 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
$35,121
Tax year 2023
Assessed value
$1,058,720
Assessed 2023
Previous assessed
$1,058,720
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$264,240
Assessed improvement
$794,480
Land market value
$660,600
Improvement market value
$1,986,200
Total market value
$2,646,800
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
10
Total area
25,996 SF
Lot
2.56 ac (111,514 SF)
Zoning code
GCS
APN
083160D B 01201
UPID
US80-3410299
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
$6.5M
AUTO REPAIR, GARAGE
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$9.5M
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
10
Lot
2.56 ac
Current owner
From public records · entity-resolved
4pt Hendersonville Property 1 LLC
Entity
Mailing address
103 WHITE BRG PIKE #73, NASHVILLE, TN 37209-4539
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$7,150,000
4pt Hendersonville Property 1 LLC
Lakehouse Properties Hendersonville
Special Warranty Deed
$7,500,000 · Mountain Commerce Bank
Oct 10, 2014
$5,395,000
Lakehouse Properties Hendersonville
Alliant Partners III Gp
Special Warranty Deed
$3,776,500 · The Bank Of Nashville
Mar 18, 2009
$96,800
Ridge Homes Fox
Jeremiah Dev LLC
Warranty Deed
related
—
Nov 19, 2008
—
Jeremiah Dev LLC
—
Trustees Deed
related
$150,000 · Sumner Bank & Trust
Dec 27, 2007
$502,000
Jeremiah Dev LLC
Alliant Partners III Gp
Grant Deed
$426,700 · Sumner Bank & Trust
Jan 11, 2006
$1,315,000
Alliant Partners III G P
Walter F Sill JR
Warranty Deed
—
—
—
Alliant Partners III
—
Deed Of Trust
related
$4,198,934 · Bank Of Nashville
—
—
Jeremiah Dev LLC
—
Deed Of Trust
related
$59,500 · Fox Ridge Homes
—
—
Jeremiah Dev LLC
—
Deed Of Trust
related
$950,000 · Sumner Bank & Trust
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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