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Property profile & analytics
OFF-MARKET
Commercial real estate
2431 6th Mile Board Rd Belvidere, TN 37306-2440
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0078435
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
WOOD
Total area
4,062 SF
Lot
0.45 ac (19,602 SF)
APN
026083 01305
UPID
US80-0078435
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
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
Hensleys Property Management LLC · 1 yrs held
Hensleys Property Management LLC
since 2025
Last sale
$180,000
7 recorded transactions
Zoning & alternative use
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 Belvidere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belvidere 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 2022Property tax & assessments
Tax year 2022
Tax billed
$375
Tax year 2022
Assessed value
$20,000
Assessed 2023
Previous assessed
$20,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$4,480
Assessed improvement
$15,520
Land market value
$11,200
Improvement market value
$38,800
Total market value
$50,000
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
0
Total area
4,062 SF
Lot
0.45 ac (19,602 SF)
APN
026083 01305
UPID
US80-0078435
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
0.45 ac
Current owner
From public records · entity-resolved
Hensleys Property Management LLC
Entity
Mailing address
525 RDG RD, BELVIDERE, TN 37306-2529
Ownership since
2025
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
Jan 17, 2025
$180,000
Hensleys Property Management LLC
Jessica Hensley
Warranty Deed
$182,562 · Citizens Community Bank
Jun 6, 2022
$130,000
Jessica Hensley
Hensley Homeds & Renovations LLC
Warranty Deed
$132,337 · Citizens Community Bank
Jul 20, 2015
$50,000
Vance Cpa LLC
First Vision Bank Of Tennessee
Special Warranty Deed
$40,000 · First Vision Bank Of Tennessee Franklin
Oct 31, 2014
$42,000
First Vision Bk Of Tn
Lane James D II
Trustees Deed
—
Jul 1, 2010
$50,100
Robert T Limbaugh
Phipps,frank D & Joyce S
Warranty Deed
$54,000 · First Vision Bank
Jun 24, 2004
$37,500
Frank D Phipps
Us Bank NA
Grant Deed
—
Oct 14, 1993
$41,500
Wayne Clift
Unknown
Grant Deed
—
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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