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Property profile & analytics
OFF-MARKET
Drive through restaurants
450 Main St Henderson, TN 38340-2416
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-2008437
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,736 SF
Lot
0.77 ac (33,593 SF)
Zoning code
B1
APN
012034P B 01200
UPID
US80-2008437
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
-
Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vestco INC · 8 yrs held
Vestco INC
since 2018
7 recorded transactions
Zoning & alternative use
B1 · Henderson, 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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,030
Tax year 2023
Assessed value
$202,320
Assessed 2023
Previous assessed
$202,320
+0.0% YoY
Effective rate
2.49%
On assessed value
Land market value
$113,000
Improvement market value
$392,800
Total market value
$505,800
Applied tax rate
326.0000
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
2,736 SF
Lot
0.77 ac (33,593 SF)
Zoning code
B1
APN
012034P B 01200
UPID
US80-2008437
Jurisdiction
CHESTER
Zoning & alternative use
B1 · Henderson, TN
Zoning B1 · permitted uses
B1 · Henderson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henderson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Vestco INC
Entity
Mailing address
PO BOX 866, LEXINGTON, TN 38351-0866
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Vestco INC
—
Deed
related
$8,150,000 · Lake Forest Bank & Trust Co NA
Jan 29, 2020
—
Vestco INC
—
Deed
related
$7,350,000 · First Horizon Bk
Sep 24, 2018
—
Vescto INC
—
Deed
related
$10,000 · Nw Tn Certified Development Co
Jan 19, 2018
$400,000
Vestco INC
Nonsan LLC
Warranty Deed
$1,313,900 · Peoples Bank
Apr 2, 2015
$1,600,000
Nonsan LLC
Jc123 Holdings LLC
Warranty Deed
—
Apr 2, 2015
$450,000
Jc123 Holdings LLC
Alabama Quality LLC
Grant Deed
—
—
—
Vestco INC
—
Deed Of Trust
related
$150,000 · Northwest Tennessee Certified
—
—
Vescto INC
—
Deed Of Trust
related
$10,000 · Nw Tn Certified Development Co
—
—
Vestco INC
—
Deed Of Trust
related
$7,350,000 · First Horizon 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.
Try Rey
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