Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    419 Main St Hendersonville, TN 37075-2756

    • Assisted living facilities
    • 18,342 SF
    • 8.40 lot acres
    OFF-MARKET
    Last Sale
    Jul 12, 2023
    $21,750,000
    Value Estimations
    $23,405,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1109174
    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

    • Vitality Living Hendersonville / Retirement Community
    • Fahs Construction Group Inc / Construction Company

    Property Details for 419 Main St

    Year built
    2012
    Lot size
    8.40 lot acres
    Property size
    18,342 SF
    Zone code
    RM1
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    083159K C 02000
    APU
    083159KC02000

    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
    Hendersonville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.5868
    Latitude
    36.3149
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, 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
    $205,032
    $1,373,600
    $5,012,600
    $6,386,200
    -
    $3,434,000
    $12,531,500
    $15,965,500

    Comparable in this City

    • Value Estimation
      $825,000
      33,462 SF

      162 Indian Lk Blvd

      HOMES (RETIRED, NURSING) • 33,462 SF
      162 Indian Lk Blvd, Hendersonville, TN 37075-6203
      View Details
    • Value Estimation
      $545,000
      6,681 SF

      101 Maple Dr

      HOMES (RETIRED, NURSING) • 6,681 SF
      101 Maple Dr, Hendersonville, TN 37075-3810
      View Details
    • Value Estimation by Request
      4,288 SF

      3048 Long Holw Pike

      HOMES (RETIRED, NURSING) • 4,288 SF
      3048 Long Holw Pike, Hendersonville, TN 37075-8725
      View Details
    • Value Estimation
      $925,000
      48,083 SF

      370 Old Shackle Is Rd

      HOMES (RETIRED, NURSING) • 48,083 SF
      370 Old Shackle Is Rd, Hendersonville, TN 37075-3082
      View Details
    • Value Estimation
      $2,815,000
      23,082 SF

      107 Imperial Blvd

      MEDICAL BUILDING • 23,082 SF
      107 Imperial Blvd, Hendersonville, TN 37075-3479
      View Details
    • Value Estimation
      $2,875,000
      3,570 SF

      212 Indian Lk Blvd

      MEDICAL BUILDING • 3,570 SF
      212 Indian Lk Blvd, Hendersonville, TN 37075-6267
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,100 SF

      Hendersonville Office Space - House of Cash Building

      Prime Hendersonville office, furnished option available.
      700 Main St, Hendersonville, TN 37075
      View Details
    • $999,900
      6.31 Acres

      Hendersonville Commercial Land Opportunity

      6.31 Acres, Prime Location, High Visibility
      750 Forest Retreat Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Regional Activity Center Land

      Land suitable for shopping centers, commercial, industrial, and residential uses.
      570 New Shackle Island Rd, Hendersonville, TN 37075
      View Details
    • $295,000

      Corner Lot with High Visibility

      Corner lot suitable for residential or commercial use with permit.
      214 Shivel Dr, Hendersonville, TN 37075
      View Details
    • $649,900
      1,395 SF

      Prime Location in Dockside Neighborhood

      Commercial property in high-traffic area with mixed-use zoning.
      130 Walton Ferry Rd, Hendersonville, TN 37075
      View Details
    • $198,000
      982 SF

      Donna Drive Condo For Sale

      Condo with fireplace, neutral palette, and HOA benefits.
      288 Donna Dr, Hendersonville, TN 37075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Hendersonville Retail Space For Lease

      Retail space in regional shopping center on East Main Street.
      393 E Main St, Hendersonville, TN 37075
      View Details
    • $1,500 /Mo

      Hendersonville Duplex with Garage

      Recently updated 3-bedroom duplex with garage in Hendersonville.
      105 Susan Dr, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      3,450 SF

      Hendersonville Restaurant Space Available

      Second-generation restaurant space with full bar and speakeasy.
      750 W Main St, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Retail Space in Hendersonville, TN

      Retail space available in Hendersonville, 15 miles from Nashville.
      206 Indian Lake Blvd, Hendersonville, TN 37075
      View Details
    • $6,666 /Mo
      2,400 SF

      Retail Pad Ground Lease Available

      2,400 SF retail pad available for ground lease.
      1010 Glenbrook Way, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      19,800 SF

      Hendersonville Retail Center Investment

      Prime Retail Space Available in TN
      115 Walton Ferry Rd, Hendersonville, TN 37075
      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.
    419 Main St
    Hendersonville, TN 37075-2756
    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

    Google sign-in failed. Please try again or use another login method.