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    505 E Main St Hendersonville, TN 37075
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    505 E Main St Hendersonville, TN 37075

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    • Commercial land
    For Sale
    $2,125,000
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    Prime Commercial Land Opportunity For Sale
    $2,125,000
    3.35 Acres

    Prime Commercial Land Opportunity

    3.35-acre commercial property with road frontage in Hendersonville, TN.

    505 E Main St, Hendersonville, TN 37075
    View Listing
    Property ID
    US80-0151442
    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

    • Reliant Realty Auction / Real Estate Agency
    • Signature Title / Title Company
    • A Former Long Islander Remembers / Consultant
    • profiles laser and medical aesthetics / Spa & Massage Center

    Property Details for 505 E Main St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime Development Opportunity to acquire this 3.35-acre commercial retail property, perfectly positioned with 376 feet of prime road frontage anchored at the corner of 505 E. Main Street and Tyne Bay Drive. Situated directly across from the prestigious Bluegrass Yacht & Country Club, newly constructed AutoZone, Dollar General, KinderCare etc. This property is comprised of (2) contiguous parcels, offering unparalleled potential for mixed-use commercial development. With all utilities on-site, the stage is set for your project’s vision in one of Hendersonville’s most sought-after locations.

    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
    Hendersonville
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.57623
    Latitude
    36.320026

    Comparable in this City

    • Contact for pricing

      Land Near Vietnam Veterans Boulevard

      Commercial land with high traffic count and easy access.
      532 New Shackle Island Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Land Parcels in Hendersonville

      Land parcels available in high-traffic Hendersonville submarket.
      601 Saundersville Rd, Hendersonville, TN 37075
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    • $1,300,000
      3,600 SF

      Commercial Land with Existing Structures

      3.1 acres with renovated house and 5000 SF building.
      670 W Main St W, Hendersonville, TN 37075
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    • $250,000

      Commercial Land Available For Sale

      Land available for commercial zoning and use.
      220 Rockland Rd, Hendersonville, TN 37075
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      Land For Sale in Hendersonville

      Approximately 1.07 acres available in Indian Lake retail district.
      119 Saundersville Rd, Hendersonville, TN 37075
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    • $900,000

      2.63 Acres General Commercial Land

      Two parcels totaling 2.63 acres with General Commercial zoning.
      102 Bluegrass Dr, Hendersonville, TN 37075
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Near Vietnam Veterans Boulevard

      Commercial land with high traffic count and easy access.
      532 New Shackle Island Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Land Parcels in Hendersonville

      Land parcels available in high-traffic Hendersonville submarket.
      601 Saundersville Rd, Hendersonville, TN 37075
      View Details
    • $1,300,000
      3,600 SF

      Commercial Land with Existing Structures

      3.1 acres with renovated house and 5000 SF building.
      670 W Main St W, Hendersonville, TN 37075
      View Details
    • $250,000

      Commercial Land Available For Sale

      Land available for commercial zoning and use.
      220 Rockland Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Land For Sale in Hendersonville

      Approximately 1.07 acres available in Indian Lake retail district.
      119 Saundersville Rd, Hendersonville, TN 37075
      View Details
    • $900,000

      2.63 Acres General Commercial Land

      Two parcels totaling 2.63 acres with General Commercial zoning.
      102 Bluegrass Dr, Hendersonville, TN 37075
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant End Cap For Rent

      Move-in ready restaurant space in Hendersonville with strong demographics.
      235 E Main St, 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/Office Space For Rent

      Retail/Office space available near Vietnam Veterans Boulevard.
      125 Saundersville Rd, 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
    • Contact for pricing
      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
    • $4,425 /Mo
      3,000 SF

      Hendersonville Mixed-Use Property for Rent

      Highly visible mixed-use property in Hendersonville's Dockside District.
      115 Dunn St, Hendersonville, TN 37075
      View Details
    View Listing
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    Hendersonville, TN 37075
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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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