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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Office Spaces
365 Main St Hendersonville, TN 37075-3329
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0808211
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1983
Total area
4,644 SF
Lot
0.47 ac (20,328 SF)
Zoning code
TC-C
APN
083163D A 01000
UPID
US80-0808211
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
-
Griffin Family Dental Dental Office
-
Ferguson & Belote, Attorneys Law Firm
-
Smith Julie Dental Office
-
Schmitt Dental Dental Office
-
SCHMITT DENTAL HENDERSONVILLE Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$920k
Owner & transaction history
Cb4 Properties · 2 yrs held
Cb4 Properties
since 2024
Last sale
$921,060
4 recorded transactions
Zoning & alternative use
TC-C · Hendersonville, TN
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
$920,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $921k (Apr 19 2024)
Last sale anchor
$921k
Apr 19 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
$198 / 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
$7,713
Tax year 2023
Assessed value
$232,160
Assessed 2023
Previous assessed
$232,160
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$123,760
Assessed improvement
$108,400
Land market value
$309,400
Improvement market value
$271,000
Total market value
$580,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1983
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
4,644 SF
Lot
0.47 ac (20,328 SF)
Zoning code
TC-C
APN
083163D A 01000
UPID
US80-0808211
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
Building & site characteristics
From public records
Year built
1983
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
Cb4 Properties
Entity
Mailing address
365 W MAIN ST, HENDERSONVILLE, TN 37075-3329
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$921,060
Cb4 Properties
Daniel M Griffin
Special Warranty Deed
$1,575,000 · Daniel M Griffin Etul
Nov 9, 2018
—
David Willoughby
—
Trustees Deed
related
$250,000 · Miscellaneous Govt Agcy
Feb 23, 2004
$61,800
Donnie W Smith
Latimer,james & Mei-ling
Grant Deed
$60,352 · First Horizon Home Loan Corp
Jan 3, 1995
$400,000
Daniel M Griffin
—
Grant Deed
related
—
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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