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

    731 Main St Hendersonville, TN 37075-2814

    • Auto shops
    • 7,324 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1653289
    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

    • Walgreens / Beauty Supply Store / Convenience Store
    • COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
    • higi / Health Consultant
    • FedEx OnSite / Mailing Service
    • Walgreens Pharmacy / Pharmacy

    Property Details for 731 Main St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.74 lot acres
    Property size
    7,324 SF
    Property type
    Auto shops
    APN
    083160O C 00200
    APU
    083160OC00200

    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
    -86.6418
    Latitude
    36.3027
    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
    $6,716
    $126,600
    $66,600
    $193,200
    -
    $316,500
    $166,500
    $483,000

    Comparable in this City

    • Value Estimation by Request
      4,524 SF

      104 Maple St

      AUTO REPAIR, GARAGE • 4,524 SF
      104 Maple St, Hendersonville, TN 37075-3325
      View Details
    • Value Estimation
      $1,205,000
      2,220 SF

      1015 Main St

      AUTO REPAIR, GARAGE • 2,220 SF
      1015 Main St, Hendersonville, TN 37075-2820
      View Details
    • Value Estimation by Request
      7,585 SF

      143 Maple St

      AUTO REPAIR, GARAGE • 7,585 SF
      143 Maple St, Hendersonville, TN 37075-3332
      View Details
    • Value Estimation by Request
      2,970 SF

      115 Mid Town Ct

      AUTO REPAIR, GARAGE • 2,970 SF
      115 Mid Town Ct, Hendersonville, TN 37075-2320
      View Details
    • Value Estimation by Request
      7,533 SF

      121 Free Hl Rd

      AUTO REPAIR, GARAGE • 7,533 SF
      121 Free Hl Rd, Hendersonville, TN 37075-3449
      View Details
    • Value Estimation
      $845,000
      7,831 SF

      1027 Glenbrook Way

      AUTO REPAIR, GARAGE • 7,831 SF
      1027 Glenbrook Way, Hendersonville, TN 37075-1231
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hendersonville Former Financial Services Building

      Former financial services building with drive-thrus on 1.03 acres.
      451 W Main St, 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
    • $5,000,000
      340,280 SF

      Hendersonville Commercial Corner Lot

      High-traffic, retail-zoned land, excellent visibility.
      1003 Drakes Creek Rd, Hendersonville, TN 37075
      View Details
    • $2,000,000
      4.60 Acres

      Hendersonville Commercial Land Opportunity

      4.6 Acres, Prime Commercial Location
      670 Main St, 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
    • 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

    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
    • 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
    • $25 SF/Yr
      5,600 SF

      Retail Space Beside Kroger

      5,600 SF retail space available Summer 2020.
      237 E Main St, Hendersonville, TN 37075
      View Details
    • Contact for pricing

      Glenbrook Centre Retail Outparcel

      Retail outparcel in Hendersonville's Glenbrook Centre shopping center.
      1030 Glenbrook Way, Hendersonville, TN 37075
      View Details
    • $14 SF/Yr
      5,064 SF

      Versatile Space in Hendersonville, TN

      5,064 SF space suitable for office or retail uses.
      300 Free Hill Rd, Hendersonville, TN 37075
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space at Signalized Intersection

      Retail space available for lease at 711 E Main St.
      711 E Main St, 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.
    731 Main St
    Hendersonville, TN 37075-2814
    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.