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Property profile & analytics
OFF-MARKET
Estimated value
$6,415,000
Retail properties & Spaces
Bonita Park Way Hendersonville, TN 37075
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-2389800
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1989
Construction
FRAME
Total area
32,965 SF
Lot
11.37 ac (495,277 SF)
APN
083159K A 01900
UPID
US80-2389800
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.42M
Owner & transaction history
Hazel Path Partners · 7 yrs held
Hazel Path Partners
since 2019
7 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,240,000
Current use
Blend value · Realmo final
$6.42M
Range $5.77M – $7.06M · ±10%
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
$195 / 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
$64,261
Tax year 2023
Assessed value
$1,802,560
Assessed 2023
Previous assessed
$1,802,560
+0.0% YoY
Effective rate
3.56%
On assessed value
Assessed land
$652,320
Assessed improvement
$1,150,240
Land market value
$1,630,800
Improvement market value
$2,875,600
Total market value
$4,506,400
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
15
Total area
32,965 SF
Lot
11.37 ac (495,277 SF)
APN
083159K A 01900
UPID
US80-2389800
Jurisdiction
SUMNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.2M
RETAIL STORES Current
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
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
15
Lot
11.37 ac
Current owner
From public records · entity-resolved
Hazel Path Partners
Entity
Mailing address
7101 SHARONDALE CT STE #600, BRENTWOOD, TN 37027-3220
Ownership since
2019
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
Apr 24, 2019
$5,400,000
Hazel Path Partners
Mcg Hazel Path LLC
Special Warranty Deed
$4,590,000 · Franklin Synergy Bank
Feb 6, 2019
$11,250,000
Mcg Hazel Path LLC
Ssi Hazel Path LLC
Special Warranty Deed
$10,700,000 · Franklin Synergy Bank
Oct 18, 2013
$3,500,000
Ssi Hazel Path LLC
Bre Retail Residual Owner 1 Ll
Grant Deed
—
Jul 21, 2011
—
Bre Retail Residual Owner 1 LLC
Centro Np Residual Pool 1 Spe LLC
Quit Claim Deed
related
—
Feb 11, 2009
—
Centro Np Residual Pool 1 Spe LLC
Np Of Tennessee LP
Deed
$370,000,000 · Jpmorgan Chase Bank NA
Jul 6, 2001
—
Np Of Tennessee LP
New Plan Excel Realty Trust
Quit Claim Deed
related
—
Oct 17, 1988
$2,350,000
Hazel Path Partners L P
Unknown
Grant Deed
—
—
—
Np Residual Pool 1 Spe Centro
—
Deed Of Trust
related
—
—
—
Np Residual Pool 1 Spe Centro
—
Deed Of Trust
related
—
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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