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Property profile & analytics
OFF-MARKET
Estimated value
$3,530,000
Strip malls
1019 Gallatin S Pike Madison, TN 37115-4629
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2002775
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1969
Total area
11,526 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CL
APN
051-08-0-103-00
UPID
US80-2002775
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
-
Ink Gallery Tattoo and Piercing Tattoo & Piercing Shop
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Don Julio Restaurant
-
El Bronco Insurance # 3 Insurance Agency
-
Se'maj Beauty Studio Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
Amori LLC · 2 yrs held
Amori LLC
since 2023
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
CL · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+133.2%
Auto repair, garage
$5.6M
+129.4%
Commercial (general)
$5.5M
+121.9%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$3,530,000
ML approach
$3,270,000
CAP Approach
CAP Return
Estimation
6%
$4,115,000
6.5%
$3,800,000
7%
$3,530,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,460,000
Current use
RESTAURANT
$5,735,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,640,000
Change: +129% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,455,000
Change: +122% · Conversion: Easy
RETAIL STORES
$4,885,000
Change: +99% · Conversion: Easy
MEDICAL BUILDING
$3,250,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,595,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$2,540,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$3.53M
Range $3.18M – $3.88M · ±10% · vs last sale $3.50M (Nov 1 2023)
Last sale anchor
$3.50M
Nov 1 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
$306 / 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
$11,487
Tax year 2023
Assessed value
$353,000
Assessed 2023
Previous assessed
$353,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$138,240
Assessed improvement
$214,760
Land market value
$345,600
Improvement market value
$536,900
Total market value
$882,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1969
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
11,526 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CL
APN
051-08-0-103-00
UPID
US80-2002775
Jurisdiction
DAVIDSON
Zoning & alternative use
CL · Madison, TNZoning CL · permitted uses
CL · Madison, TN
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RETAIL STORES
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
1969
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Amori LLC
Entity
Mailing address
5524 TRACESIDE DR, NASHVILLE, TN 37221-4069
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$3,500,000
Amori LLC
Partners Plaza INC
Warranty Deed
$3,000,000 · Partners Plaza INC
Dec 20, 2016
—
Partners Plaza INC
—
Deed
related
$200,000 · Citizens Bk
—
—
Partners Plaza INC
—
Loan Modification
related
$200,000 · Citizens 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.
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