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    Property profile & analytics

    417 Main St Henderson, TN 38340

    • Commercial real estate
    • 2,208 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0074835
    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.

    Current Use by Public Records

    • Cash Express / Check Cashing Service / Loan Agency
    • Henderson Trophy / Trophy Shop

    Property Details for 417 Main St

    Year built
    1977
    Lot size
    1.00 lot acres
    Property size
    2,208 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 417 E Main Street in Henderson, Tennessee, presents a unique investment opportunity. Boasting a substantial 2,208 square feet of space on a full acre lot, this property offers significant potential for a variety of commercial ventures. The building's existing structure provides a solid foundation for immediate occupancy or extensive renovation, allowing for customization to suit specific business needs. Its prime location on East Main Street ensures high visibility and accessibility, attracting significant foot traffic and convenient access for customers. The property's size and location make it ideal for a range of businesses, from retail establishments and offices to light industrial uses. The one-acre lot provides ample space for expansion, parking, or outdoor operations. This property represents a rare chance to acquire a well-situated commercial space in a thriving Tennessee community. The asking price of $205,000 reflects the property's significant value and potential for strong returns. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and specifications are available upon request. Don't miss this chance to secure a valuable piece of Henderson's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.63263
    Latitude
    35.44148

    Comparable in this City

    • $93,000

      Prime Chester County Land

      26.85 Acres, Unrestricted, $93,000
      000 Sweet Lips Rd, Henderson, TN 38340
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    • $372,000

      Henderson, TN Commercial Land

      60-Acre Tract, $372,000
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    • $1,200,000
      149.00 Acres

      149-Acre Farm in Henderson, TN

      149-acre farm with cotton fields, hunting lease, and homeplace.
      TN-22 Alt, Henderson, TN 38340
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    • $110,000
      8.77 Acres

      Henderson, TN Land Opportunity

      8.77 acres in Henderson, TN, ideal for building a home.
      Peddy Vestal Loop, Henderson, TN 38340
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    • Contact for pricing
      1.00 Acre

      Residential Land in Henderson, TN

      One-acre lot in WestChester Hills, ideal for building a home.
      Deerfield Loop, Henderson, TN 38340
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    • $468,000
      180.00 Acres

      Silerton, TN Hunting and Timberland

      180+/- acres of hunting, recreational, and timber land.
      125 Big Rock Trl, Henderson, TN 38340
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    Similar Nearby for Sale

    • $372,000

      Henderson, TN Commercial Land

      60-Acre Tract, $372,000
      817 Hill Ave, Henderson, TN 38340
      View Details
    • $93,000

      Prime Chester County Land

      26.85 Acres, Unrestricted, $93,000
      000 Sweet Lips Rd, Henderson, TN 38340
      View Details
    • Contact for pricing
      1.18 Acres

      Residential Lot in Creekside Estates

      1.18 ac residential lot in Henderson, Tennessee.
      Timberwood Cv, Henderson, TN 38340
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    • $42,000
      2.12 Acres

      Residential Land in Henderson, TN

      3.12-acre lot in desirable Greystone Estates subdivision.
      Greystone Cv, Henderson, TN 38340
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    • $42,000
      1.61 Acres

      Residential Land in Henderson, TN

      1.65-acre lot in desirable Greystone Estates subdivision.
      Greystone Cv, Henderson, TN 38340
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    • $42,000
      3.77 Acres

      Residential Land in Henderson, TN

      3.77-acre lot in desirable Chester County subdivision.
      Greystone Cv, Henderson, TN 38340
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Retail Strip Center For Rent

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    • $12 SF/Yr

      1170

      18,000 SQ FT COMMERCIAL BUILDING ON 4 ACRES
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    • $6 SF/Yr
      8,000 SF

      Retail Space in Henderson, TN

      8000 sq ft retail space in a prime location.
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    • $144 SF/Yr
      7,800 SF

      Main Street Henderson Medical Office

      7,800 SF Medical/Office Space Available
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    417 Main St
    Henderson, TN 38340
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    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
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