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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Retail space
386 Main St Hendersonville, TN 37075-3349
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-0139648
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,972 SF
Lot
0.81 ac (35,200 SF)
Zoning code
MCD
APN
083160M A 01300
UPID
US80-0139648
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
-
Kangen Water Store Physician
-
Eyecare Plus Hendersonville (Bike/Boat/Book/etc) Store
-
Los Arcos Gourmet Paletas Grocery & Convenience Store Specialty Food Shop
-
World Finance Loan Service
-
Southern Breeze Home Design Center Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.05M
Owner & transaction history
Eyecare Real Estate LLC · 7 yrs held
Eyecare Real Estate LLC
since 2018
6 recorded transactions
Zoning & alternative use
MCD · 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
$2.05M
Range $1.85M – $2.26M · ±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
$147 / 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
$12,785
Tax year 2023
Assessed value
$384,880
Assessed 2023
Previous assessed
$384,880
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$133,800
Assessed improvement
$251,080
Land market value
$334,500
Improvement market value
$627,700
Total market value
$962,200
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
7
Bathrooms
6
Total area
13,972 SF
Lot
0.81 ac (35,200 SF)
Zoning code
MCD
APN
083160M A 01300
UPID
US80-0139648
Jurisdiction
SUMNER
Zoning & alternative use
MCD · Hendersonville, TN
Zoning MCD · permitted uses
MCD · 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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
7
Bathrooms
6
Lot
0.81 ac
Current owner
From public records · entity-resolved
Eyecare Real Estate LLC
Entity
Free & Clear · 7 yrs held
Mailing address
419 MEMORIAL BLVD, MURFREESBORO, TN 37129-2759
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Eyecare Real Estate LLC
—
Deed
related
$1,000,000 · Franklin Synergy Bank
Aug 9, 2018
—
Eyecare Real Estate LLC
Eyecare Properties LLC
Quit Claim Deed
related
—
Aug 17, 2009
$1,400,000
Eyecare Properties LLC
Stadium Square LLC
Warranty Deed
$1,260,000 · Insbank
Jul 31, 2007
$1,100,000
Stadium Square LLC
Partners On The Pike
Warranty Deed
$935,000 · Reliant Bank
Jul 22, 1998
$1,250,000
Partners & Pike LLC
Mab Investment Properties INC
Grant Deed
$995,000 · Southtrust Bank NA
—
—
Eyecare Properties LLC
—
Deed Of Trust
related
$1,200,000 · Franklin Synergy Bank
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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