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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Gas stations
677 Main St Henderson, TN 38340-2417
Entity Owned
~
Est. High Equity
Property ID
US80-0117346
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,460 SF
Lot
1.69 ac (73,616 SF)
Zoning code
B1
APN
012034 04802
UPID
US80-0117346
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
-
ROM Food and Fuel Grocery & Convenience Store
-
bp Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Jay Madi Two LLC
Jay Madi Two LLC
since 2025
Last sale
$1.6M
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
Method
Estimation
Statistic approach
$1,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Nov 16 2023)
Last sale anchor
$1.60M
Nov 16 2023
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
$650 / 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
$4,970
Tax year 2023
Assessed value
$199,920
Assessed 2023
Previous assessed
$199,920
+0.0% YoY
Effective rate
2.49%
On assessed value
Land market value
$172,500
Improvement market value
$327,300
Total market value
$499,800
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
2,460 SF
Lot
1.69 ac (73,616 SF)
Zoning code
B1
APN
012034 04802
UPID
US80-0117346
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
Jay Madi Two LLC
Entity
Mailing address
677 E MAIN ST, HENDERSON, TN 38340-2417
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
$1,720,000
Jay Madi Two LLC
Rom Enterprise INC
Warranty Deed
$1,489,625 · Community Bank
Nov 16, 2023
$1,600,000
Rom Enterprise INC
Marena Real Estate INC
Warranty Deed
$1,276,062 · The Bank Of Holly Spring
Oct 20, 2021
$760,000
Marena Real Estate INC
The Market Petroleum INC
Warranty Deed
$575,000 · Bancorpsouth Bank
Jun 8, 2007
—
Market Petroleum INC
Elco Petrol INC
Quit Claim Deed
related
$645,000 · Bancorpsouth
Apr 15, 2003
—
Petrol Elco
Nobles,jason K
Grant Deed
related
—
Sep 10, 2002
$455,000
Jason K Etal Nobles
Ioranidis,maria
Grant Deed
—
Sep 30, 1991
$70,000
Oil Cor Trinity
Unknown
Grant Deed
—
—
—
Elco Petrol INC
—
Deed Of Trust
related
$82,000 · Bancorpsouth
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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