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    1020 Madison St Shelbyville, TN 37160-3622
    Property profile & analytics

    1020 Madison St, Shelbyville, TN 37160-3622

    View on Map
    • Drive through restaurants
    • 3,048 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Jan 3, 2023
    $1,052,766
    Property ID
    US80-3379427
    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.
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Captain D's / Restaurant

    Property Details for 1020 Madison St

    Year built
    2003
    Lot size
    0.62 lot acres
    Property type
    Drive through restaurants
    APN
    002089C E 00900
    APU
    002089CE00900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2023 — Eprt Tennessee Properties LLC Scf Rc Funding I LLC Quit Claim Deed · related —
    Dec 20, 2016 $1,062,000 Scf Rc Funding I LLC Scf Rc Master Funding I LLC Grant Deed · related —
    Jul 1, 2016 $1,052,766 Scfrc-hw-g LLC Cnl Apf Partners LP Grant Deed —
    Jun 26, 2013 $896,895 Cnl Apf Partners LP Net Lease Funding 2005 LP Grant Deed —
    Mar 23, 2005 $983,414 Net Lease Funding 2005 Cnl Apf Partners Deed Of Trust · related $275M · Wells Fargo Bank NA (te)
    Sep 23, 2004 $891,128 Us Restaurant Props Operating Usrp Holding Corp Grant Deed —
    Sep 23, 2004 $891,127 Usrp Holding Corp Usrp S & C LLC Grant Deed · related —
    Nov 12, 2003 $887,137 Usrp,s & C Shoneys Trustees Deed —
    Nov 12, 2003 — Shoneys Captain,ds Trustees Deed · related —
    — — Captain Ds LLC — Loan Modification · related $106M · Bank Of America
    — — Captain Ds LLC — Deed Of Trust · related $95k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $955,000
      ML approach
      $1,005,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.4353
    Latitude
    35.4856
    CBSA code
    43180
    CBSA name
    SHELBYVILLE, TN MICROPOLITAN 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
    0
    $0.00
    $69,120
    $137,280
    $206,400
    -
    $172,800
    $343,200
    $516,000

    Comparable in this City

    • Value Estimation by Request
      2,703 SF

      712 Madison St

      DRIVE-THRU RESTAURANT, FAST FOOD
      712 Madison St, Shelbyville, TN 37160-3519
      View Details
    • Value Estimation by Request
      1,886 SF

      719 Madison St

      DRIVE-THRU RESTAURANT, FAST FOOD
      719 Madison St, Shelbyville, TN 37160-3518
      View Details
    • Value Estimation by Request
      4,746 SF

      101 Palmer Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      101 Palmer Dr, Shelbyville, TN 37160-1500
      View Details
    • Value Estimation by Request
      2,607 SF

      103 Madison St

      DRIVE-THRU RESTAURANT, FAST FOOD
      103 Madison St, Shelbyville, TN 37160-3350
      View Details
    • Value Estimation by Request
      1,664 SF

      730 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      730 Main St, Shelbyville, TN 37160-2828
      View Details
    • Value Estimation by Request
      1,858 SF

      1108 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1108 Main St, Shelbyville, TN 37160-2310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Shelbyville Restaurant Site For Sale

      Former restaurant site near Highways 231 and 41A.
      713 N Main St, Shelbyville, TN 37160
      View Details
    • $1,490,000
      14,300 SF

      Renovated Commercial Property on Hwy 41A

      Turnkey commercial property with high traffic and flexible layout.
      1608 Madison St, Shelbyville, TN 37160
      View Details
    • $535,000

      Former Restaurant Site For Sale

      Located near the intersection of two highways, former restaurant site.
      713 N Main St, Shelbyville, TN 37160
      View Details
    • Contact for pricing
      2,443 SF

      Retail Space For Sale

      Retail space available with a 5.80% CAP rate.
      747 N Main St, Shelbyville, TN 37160
      View Details
    • $1,199,900
      2,500 SF

      Shelbyville Commercial Property For Sale

      Commercial property operating as a liquor store with leasable building.
      314 S Cannon Blvd, Shelbyville, TN 37160
      View Details
    • $697,500
      3,600 SF

      Versatile Commercial Building with Shop

      Turnkey commercial building with shop and office space.
      117 Prince St, Shelbyville, TN 37160
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space Anchored by Walmart

      Retail space for lease, anchored by Walmart Supercenter.
      1830-1878 N Main St, Shelbyville, TN 37160
      View Details
    • Contact for pricing

      Industrial Building with Cleanroom Facility

      58,088 SF industrial building with cleanroom-ready facility for lease.
      710 Blue Ribbon Pkwy, Shelbyville, TN 37160
      View Details
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    Shelbyville, TN 37160-3622
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    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
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