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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Drive through restaurants
387 Main St Hendersonville, TN 37075-2545
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0194319
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Total area
3,236 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GCS
APN
083159K A 02003
UPID
US80-0194319
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
-
28:Tenn Fitness Gym & Fitness Center
-
VSL NAILS SPA HENDERSONVILLE Nail Salon
-
(Permanent CLOSED) Crystal Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.35M
Owner & transaction history
Spring Creek Investment LLC · 6 yrs held
Spring Creek Investment LLC
since 2020
Last sale
$2.2M
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
$2.35M
Range $2.11M – $2.58M · ±10% · vs last sale $2.18M (May 21 2020)
Last sale anchor
$2.18M
May 21 2020
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
$725 / 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
$12,054
Tax year 2023
Assessed value
$357,360
Assessed 2023
Previous assessed
$357,360
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$181,520
Assessed improvement
$175,840
Land market value
$453,800
Improvement market value
$439,600
Total market value
$893,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2001
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
4
Total area
3,236 SF
Lot
1.6 ac (69,696 SF)
Zoning code
GCS
APN
083159K A 02003
UPID
US80-0194319
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
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
1.6 ac
Current owner
From public records · entity-resolved
Spring Creek Investment LLC
Entity
Mailing address
100 BLUEGRASS CMNS BLVD STE #200, HENDERSONVILLE, TN 37075-2734
Ownership since
2020
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
May 21, 2020
$2,180,000
Spring Creek Investment LLC
Cltizens Bank
Warranty Deed
$1,744,000 · Citizens Bank
Mar 16, 2020
$1,242,000
Citizens Bk
Scott Phillips John R|lumley
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 6, 2020
—
Khuan Vuong
Khuan Vuong
Quitclaim Deed
related
—
Jan 25, 2018
—
387 East Main LLC
—
Deed
related
$2,840,703 · Citizens Bk
Apr 11, 2017
—
387 East Main LLC
—
Deed
related
$2,200,000 · Citizens Bk
Jul 10, 2015
$1,200,000
387 East Main LLC
Marilyn J Scranton
Warranty Deed
$1,105,000 · First Freedom Bank
May 25, 2010
—
Scranton D J & M J 1 Living Trust
Scranton D & M Living Trust
Quit Claim Deed
related
—
May 7, 2001
$675,000
Jack In The Box Eastern Divisi
Morningside Partnership
Grant Deed
—
May 9, 1989
$349,470
Robert M Hederman III
Unknown
Grant Deed
—
—
—
387 East Main LLC
—
Deed Of Trust
related
$2,200,000 · Citizens Bk
—
—
387 East Main LLC
—
Loan Modification
related
$2,840,703 · Citizens Bk
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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