Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Office Spaces
8 Industrial Park Dr Hendersonville, TN 37075-2825
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0991657
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,400 SF
Lot
1.38 ac (60,113 SF)
Zoning code
IR
APN
083160N C 04000
UPID
US80-0991657
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
William Chad Hall · 2 yrs held
William Chad Hall
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
IR · Hendersonville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2025 Zoning ordinance
Top alternative use upside
Medical building
$3.8M
+0.6%
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
$2,325,000
ML approach
$2,325,000
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,800,000
Current use
MEDICAL BUILDING
$3,825,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.33M (May 1 2024)
Last sale anchor
$2.33M
May 1 2024
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
$224 / 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
$13,476
Tax year 2023
Assessed value
$407,800
Assessed 2023
Previous assessed
$407,800
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$176,720
Assessed improvement
$231,080
Land market value
$441,800
Improvement market value
$577,700
Total market value
$1,019,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
10,400 SF
Lot
1.38 ac (60,113 SF)
Zoning code
IR
APN
083160N C 04000
UPID
US80-0991657
Jurisdiction
SUMNER
Zoning & alternative use
IR · Hendersonville, TNZoning IR · permitted uses
IR · Hendersonville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2025 Zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
William Chad Hall
Individual
Mailing address
104 BENTZ CT N, GALLATIN, TN 37066-8759
Ownership since
2024
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
May 1, 2024
$2,325,000
William Chad Hall
Knl Holdings LLC
Warranty Deed
$1,860,000 · Edmonton State Bank
Feb 24, 2022
—
Knl Holdings LLC
—
Deed
related
$801,900 · Republic Bank & Trust Co
Jan 10, 2022
$1,675,000
Knl Holdings LLC
Fm Investments LLC
Warranty Deed
$1,550,000 · Republic Bank & Trust Co
Sep 21, 2020
—
Fm Invs
—
Deed
related
$2,555,000 · Capstar Bk
May 7, 2019
—
Fm Invs
—
Deed
related
$703,000 · Pinnacle Bk
Apr 26, 2019
—
Fm Investments LLC
—
Deed
related
$250,000 · Cogent Bank
Jun 3, 2013
$495,000
Fm Invs
Sanders,raymond
Warranty Deed
$735,000 · Wilson Bank & Trust
—
—
Fm Invs
—
Loan Modification
related
$703,000 · Pinnacle Bk
—
—
Fm Invs
—
Deed Of Trust
related
$2,555,000 · Capstar 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8 Industrial Park Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
