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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Retail properties & Spaces
291 New Shackle Is Rd Hendersonville, TN 37075-2349
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-1654410
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,405 SF
Lot
2.7 ac (117,612 SF)
Zoning code
GCS
APN
083160D B 01104
UPID
US80-1654410
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
-
Badcock Home Furniture &more Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$2.12M
Owner & transaction history
Harrison Properties · 18 yrs held
Harrison Properties
since 2008
7 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
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±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
$65 / 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
$28,366
Tax year 2023
Assessed value
$757,160
Assessed 2023
Previous assessed
$757,160
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$252,000
Assessed improvement
$505,160
Land market value
$630,000
Improvement market value
$1,262,900
Total market value
$1,892,900
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
6
Total area
32,405 SF
Lot
2.7 ac (117,612 SF)
Zoning code
GCS
APN
083160D B 01104
UPID
US80-1654410
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.
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
2.7 ac
Current owner
From public records · entity-resolved
Harrison Properties
Entity
Mailing address
1735 OLD NATCHEZ TRCE, FRANKLIN, TN 37069-4784
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
—
Harrison Properties LP
—
Deed
related
$1,500,000 · Financial Fed'l Bk
Nov 27, 2019
—
Harrison Properties LP
—
Deed
related
$1,000,000 · Financial Fed'l Bk
Mar 17, 2008
$3,600,000
Harrison Properties
B & B Properties
Grant Deed
$1,200,000 · Mid South Bank
Oct 12, 2005
$2,400,000
B Properties
Kelley Properties LLC
Grant Deed
$2,040,000 · Mid South Bank
Mar 19, 2001
$2,275,000
Kelley Properties LLC
Mid-tenn Retail Ltd
Grant Deed
$1,800,000 · Bank Of Brentwood
Sep 16, 1997
$20,750
Tennessee Department Of Tr
Tennessee,depart
Grant Deed
related
—
—
—
Harrison Properties LP
—
Deed Of Trust
related
$1,000,000 · Financial Fed'l Bk
—
—
Harrison Properties LP
—
Loan Modification
related
$1,500,000 · Financial Fed'l Bk
—
—
Kelley Properties LLC
—
Deed Of Trust
related
$1,980,220 · Primetrust Bank
—
—
Kelley Properties LLC
—
Deed Of Trust
related
$200,000 · Cumberland Bank South
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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