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Property profile & analytics
OFF-MARKET
Estimated value
$7,615,000
Office Spaces
315 Main St Hendersonville, TN 37075-7322
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1065159
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,380 SF
Lot
0.56 ac (24,180 SF)
Zoning code
TC-C
APN
083163D C 01500
UPID
US80-1065159
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
-
Petitt Heating and Cooling HVAC Service General Contractor
-
Sunset Home Improvement Roofing Company General Contractor
-
Hendersonville Wildlife Control Animal Shelter Pet Adoption Service
-
Right at Home Home Health Care Service
-
Signal Health Group of Middle Tennessee Home Health Care Service Home Help
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.62M
Owner & transaction history
Wre Hendersonville LLC · 4 yrs held
Wre Hendersonville LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
TC-C · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2025 Zoning ordinance
Top alternative use upside
Restaurant
$6.8M
+77.9%
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
$7,755,000
ML approach
$7,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,750,000
Change: +78% · Conversion: Difficult
Blend value · Realmo final
$7.62M
Range $6.85M – $8.38M · ±10% · vs last sale $7.44M (Apr 6 2022)
Last sale anchor
$7.44M
Apr 6 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
$734 / 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
$11,230
Tax year 2023
Assessed value
$340,200
Assessed 2023
Previous assessed
$340,200
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$126,880
Assessed improvement
$213,320
Land market value
$317,200
Improvement market value
$533,300
Total market value
$850,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
10,380 SF
Lot
0.56 ac (24,180 SF)
Zoning code
TC-C
APN
083163D C 01500
UPID
US80-1065159
Jurisdiction
SUMNER
Zoning & alternative use
TC-C · Hendersonville, TNZoning TC-C · permitted uses
TC-C · Hendersonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2025 Zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.8M
RESTAURANT
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wre Hendersonville LLC
Entity
Mailing address
315 W MAIN ST STE #203, HENDERSONVILLE, TN 37075-7324
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
Imperial Properties Corporation
—
Deed
related
$846,000 · First National Bank
Apr 6, 2022
$7,438,000
Wre Hendersonville LLC
October Sky Tn LLC
Special Warranty Deed
$6,726,750 · Truxton Trust Company
Jan 9, 2020
—
Imperial Properties Corp
—
Deed
related
$300,000 · Wilson Bk&tr
May 23, 2012
—
Imperial Properties Corp
—
Deed Of Trust
related
$1,167,265 · First State Bank
Apr 13, 2009
—
Imperial Development Corp
Imperial Investments
Quit Claim Deed
related
$1,245,000 · First State Bank
Jul 15, 2003
—
William H Towe
Imperial Corp Realtors
Quit Claim Deed
related
—
Dec 31, 1996
$312,500
Development Imperial
Senior,corporati
Grant Deed
$204,500 · First Tennessee Bank National
Sep 30, 1988
$300,000
Senior Corporation
Unknown
Grant Deed
—
—
—
Imperial Properties Corp
—
Loan Modification
related
$602,400 · First St Bk
—
—
Imperial Properties Corp
—
Deed Of Trust
related
$300,000 · Wilson Bk&tr
—
—
James M Mcgrew
—
Deed Of Trust
related
$324,844 · First Tennessee Bank National
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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