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Property profile & analytics
OFF-MARKET
Estimated value
$8,275,000
Retail space
500 Main St Hendersonville, TN 37075-2808
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1918805
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,189 SF
Lot
7.32 ac (318,859 SF)
Zoning code
GCS
APN
083160M A 00800
UPID
US80-1918805
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
-
Hendersonville Plaza Shopping Center & Mall
-
Workout Anytime Hendersonville Gym & Fitness Center
-
Kávé Express Cafe & Coffee Shop
-
Hendersonville Ace Hardware Building Supply Hardware & Home Improvement
-
California Tacos Taqueria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.54M
Blend (final)
Blend
$8.28M
Owner & transaction history
R Manuel Dl Hendersonville · 4 yrs held
R Manuel Dl Hendersonville
since 2021
Last sale
$6.8M
6 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
$8,590,000
ML approach
$8,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.28M
Range $7.45M – $9.10M · ±10% · vs last sale $6.80M (Sep 24 2021)
Last sale anchor
$6.80M
Sep 24 2021
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
$88 / 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
$64,774
Tax year 2023
Assessed value
$1,878,960
Assessed 2023
Previous assessed
$1,878,960
+0.0% YoY
Effective rate
3.45%
On assessed value
Assessed land
$718,800
Assessed improvement
$1,160,160
Land market value
$1,797,000
Improvement market value
$2,900,400
Total market value
$4,697,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
20
Total area
94,189 SF
Lot
7.32 ac (318,859 SF)
Zoning code
GCS
APN
083160M A 00800
UPID
US80-1918805
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
20
Lot
7.32 ac
Current owner
From public records · entity-resolved
R Manuel Dl Hendersonville
Individual
Mailing address
7337 COCKRILL BND BLVD, NASHVILLE, TN 37209-1025
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2021
$6,800,000
R Manuel Dl Hendersonville
Faf Properties
Special Warranty Deed
$5,100,000 · Wilson Bank & Trust
Nov 26, 2014
—
Faf Properties
—
Loan Modification
related
$4,600,000 · Civic Bk&tr
Jun 26, 1989
$1,850,000
Faf Properties
Unknown
Grant Deed
—
—
—
Faf Properties
—
Loan Modification
related
$2,100,000 · Civic Bk&tr
—
—
Faf Properties
—
Loan Modification
related
$4,500,000 · Franklin Synergy Bk
—
—
Faf Properties
—
Deed Of Trust
related
$2,372,511 · Civic Bank & Trust
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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