Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401 Main St Henderson, TN 38340-2439
    Back to Search
    Property profile & analytics

    401 Main St, Henderson, TN 38340-2439

    View on Map
    • Retail space
    • 1,531 SF
    Off-Market
    Property ID
    US80-3121212
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Henderson Family Eye Care / Physician
    • Karen N. Johnson, OD / Physician

    Property Details for 401 Main St

    Year built
    1994
    Construction
    FRAME
    Zone code
    B1
    Property type
    Retail space
    APN
    012034P A 03800
    APU
    012034PA03800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 5, 2020 — Karen N Johnson — Deed · related $400k · Centennial Bk
    Jul 24, 2020 — Karen N Johnson — Deed · related $389k · Centennial Bk
    Jun 19, 2009 $122,500 Johnson,karen N Redmon,kevin Warranty Deed —
    Nov 28, 2007 $110,000 Redmon,kevin Schwartz,paul E & Mary L Warranty Deed —
    Dec 21, 1992 $31,000 James H Mccaskill Unknown Grant Deed —
    — — Karen N Johnson — Loan Modification · related $389k · Centennial Bk
    — — Karen N Johnson — Loan Modification · related $400k · Centennial Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.6331
    Latitude
    35.4414
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,156
    $0.00
    $0.00
    $46,480
    -
    $61,300
    $54,900
    $116,200

    Comparable in this City

    • Value Estimation by Request
      4,829 SF

      117 Frnt St

      RETAIL STORES (PERSONAL SERVICES)
      117 Frnt St, Henderson, TN 38340-2313
      View Details
    • Value Estimation by Request
      1,023 SF

      230 Church Ave

      RETAIL STORES (PERSONAL SERVICES)
      230 Church Ave, Henderson, TN 38340-2116
      View Details
    • Value Estimation by Request
      2,346 SF

      591 Church Ave

      RETAIL STORES (PERSONAL SERVICES)
      591 Church Ave, Henderson, TN 38340-2631
      View Details
    • Value Estimation by Request
      1,190 SF

      570 Hl Ave

      RETAIL STORES (PERSONAL SERVICES)
      570 Hl Ave, Henderson, TN 38340-1149
      View Details
    • Value Estimation by Request
      5,738 SF

      116 Main St

      RETAIL STORES (PERSONAL SERVICES)
      116 Main St, Henderson, TN 38340-2231
      View Details
    • Value Estimation by Request
      5,695 SF

      669 Main St

      RETAIL STORES (PERSONAL SERVICES)
      669 Main St, Henderson, TN 38340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,968 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with highway access and tenant income.
      865 Us Highway 45 North, Henderson, TN 38340
      View Details
    • $375,000
      Pending

      Retail Property Near Highway 45

      Vacant retail building near Highway 45 and downtown Henderson, TN.
      224 S Church Ave, Henderson, TN 38340
      View Details
    • New
      $795,000
      5,600 SF

      Drive-Through Retail and Storage Complex

      Three adjoining buildings offering a two-story commercial kitchen space, studio/event space, and 34-unit storage business for turnkey operation.
      113 S Washington Ave, Henderson, TN 38340
      View Details
    • $249,900
      4,094 SF

      Commercial Building in Henderson, TN

      Spacious commercial building with income potential in a prime location.
      S110 S Washington Ave, Henderson, TN 38340
      View Details
    • Contact for pricing

      Versatile Commercial Property with Parking

      Adaptable commercial space with ample parking and easy access.
      123 N Church Ave N, Henderson, TN 38340
      View Details
    • $2,500,000
      1,437,480 SF

      WILSON

      33 ACRES COMMERCIAL LAND FOR SALE BY OWNER IN TENNESSEE
      3901 Us Highway 45, Henderson, TN 38340
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      8,000 SF

      Retail Space in Growing Area

      8000 sq ft retail space with anchor tenants.
      121 Whitley Ave, Henderson, TN 38340
      View Details
    • Contact for pricing
      8,000 SF

      Retail Strip Center For Rent

      Retail strip center anchored by Sav-a-lot and Family Dollar.
      111-129 Whitley Ave, Henderson, TN 38340
      View Details
    • $12 SF/Yr

      1170

      18,000 SQ FT COMMERCIAL BUILDING ON 4 ACRES
      1170 Us Highway 45, Henderson, TN 38340
      View Details
    • Contact for pricing

      Medical Office Space Available

      3,500 SF medical office space for lease.
      715 East Main St, Henderson, TN 38340
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 Main St
    Henderson, TN 38340-2439
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    401 Main St, Henderson, TN, 38340
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!