Hendersonville, TN
Commercial Real Estate Market Trends & Data

$348 Avg asking sale price
$25 Avg asking lease rate
8,767 SF Avg unit lease size
13,273 SF Avg building size for sale
4.75% Average cap rate

Hendersonville's Demographic Profile

Hendersonville has 25,309 households and a median income of $79,143, providing context for rent absorption and tenant demand across retail and multifamily assets. A +10% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 65,799
# Households 25,309
Median age 41
Median household income $79,143
Avg household size 3.0
Renter-occupied housing units 7,826
5-year population change +10%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hendersonville, TN

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hendersonville $454 3,814 SF 5.75%
Old Hickory $232 5,442 SF 4.36%
Madison $388 6,602 SF 3.91%
Goodlettsville $550 9,301 SF 5.75%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Hendersonville $240 24,920 SF 4.36%
Old Hickory $240 8,021 SF 4.36%
Nearby Retail Markets Avg Cost/SF Typical Size
Hendersonville $248 7,682 SF
Old Hickory $415 7,701 SF
Gallatin $445 10,568 SF
Madison $356 9,075 SF
Goodlettsville $302 14,819 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Old Hickory $153 6,750 SF 6.01%
Hermitage $175 12,600 SF 6.01%

Commercial Properties For Sale in Hendersonville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

505 E Main St

Hendersonville, TN 37075

  • 3.30 AC Lot
  • 1 Commercial Lot
  • $2,750,000
For Sale

Fast Pace Health Urgent Care

Hendersonville, TN 37075

  • 3,600 SF Office Building
  • 5.75% Cap Rate
  • $4,087,095
For Sale

102-104 Bluegrass

Hendersonville, TN 37075

  • 2.63 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

New Construction Chick-Fil-A - Nashville MSA

Hendersonville, TN 37075

  • 6,108 SF Retail Building
  • 4.15% Cap Rate
  • $3,373,494
For Sale

124 Sanders Ferry Rd

Hendersonville, TN 37075

  • 3,246 SF Retail Building
  • $1,000,000
For Sale

Peninsula Place

Hendersonville, TN 37075

  • 2,587 SF Office Building
  • $540,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hendersonville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hendersonville $348 13,273 SF
Old Hickory $375 8,583 SF
Millersville $326 8,909 SF
Gallatin $332 27,164 SF
Madison $279 9,612 SF

Regional Demographic Comparison

This comparison places Hendersonville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hendersonville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hendersonville 65,799 25,309 41 $79,143 3 7,826 10%
Old Hickory 23,066 9,343 44 $80,319 2 2,202 4%
Millersville 6,389 2,451 40 $63,831 3 646 7%
Gallatin 51,491 20,459 40 $61,920 2 8,259 12%
Madison 38,926 16,385 39 $53,636 2 9,153 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hendersonville, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hendersonville

View All Commercial Real Estate For Sale in Hendersonville
Is Hendersonville a good market for a first-time commercial real estate investor?

Hendersonville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hendersonville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hendersonville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hendersonville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hendersonville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hendersonville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hendersonville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hendersonville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hendersonville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends