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Property profile & analytics
OFF-MARKET
Estimated value
$4,725,000
Retail space
280 Indian Lk Blvd Hendersonville, TN 37075-6356
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-0796304
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,692 SF
Lot
1.77 ac (77,101 SF)
Zoning code
GCS
APN
083145 07802
UPID
US80-0796304
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
-
Crumbl - Hendersonville Bakery Take-out & Catering
-
Dr. David D. Buckman Pediatrician Physician
-
Firehouse subs Restaurant
-
CareNow Urgent Care - Hendersonville Medical Clinic
-
Candice Scharklet Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.34M
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$4.73M
Owner & transaction history
Altaf Shabbir Bahora · 4 yrs held
Altaf Shabbir Bahora
since 2022
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
GCS · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+160.2%
Auto repair, garage
$4.5M
+52.9%
Medical building
$4.3M
+47.2%
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
$5,005,000
ML approach
$5,335,000
CAP Approach
CAP Return
Estimation
6%
$4,445,000
6.5%
$4,105,000
7%
$3,810,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,920,000
Current use
RESTAURANT
$7,605,000
Change: +160% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,465,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$4,300,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,275,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$4.73M
Range $4.25M – $5.20M · ±10% · vs last sale $4.80M (May 4 2022)
Last sale anchor
$4.80M
May 4 2022
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
$404 / 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
$25,347
Tax year 2023
Assessed value
$766,160
Assessed 2023
Previous assessed
$766,160
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$403,800
Assessed improvement
$362,360
Land market value
$1,009,500
Improvement market value
$905,900
Total market value
$1,915,400
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
11,692 SF
Lot
1.77 ac (77,101 SF)
Zoning code
GCS
APN
083145 07802
UPID
US80-0796304
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
$2.9M
RESTAURANT
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES Current
RESTAURANT
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Altaf Shabbir Bahora
Individual
Free & Clear · 4 yrs held
Mailing address
706 GERVAISE CT, BRENTWOOD, TN 37027-1813
Ownership since
2022
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
May 4, 2022
—
Altaf Shabbir Bahora
Altaf Shabbir Bahora
Intrafamily Transfer
related
—
Nov 22, 2017
$4,800,000
Altaf Bahora
Woodard Properties Tennessee LLC
Warranty Deed
$3,400,000 · First Farmers & Merchants Bank
Nov 3, 2014
—
Woodard Props Tennessee LLC
—
Grant Deed
related
$2,500,000 · Wilson Bk&tr
Sep 6, 2012
$3,500,000
Woodard Props Tennessee LLC
Walkers Run Tkt LLC
Warranty Deed
$2,517,623 · Capitalmark Bank & Trust
Aug 18, 2011
$1,000,000
Walkers Run Tkt LLC
Indian Lake Holdings LLC
Special Warranty Deed
$2,550,000 · Wells Fargo Bank NA
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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