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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
1109 Myatt Blvd Madison, TN 37115-2453
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0869933
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
2,150 SF
Lot
0.76 ac (33,106 SF)
Zoning code
IR
APN
034-15-0-015-00
UPID
US80-0869933
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
-
BluSky Restoration Contractors Construction Company General Contractor
-
Sharp, Robbins & Popwell LLC Construction Company General Contractor
-
Tennessee Medical Exchange Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$555k
Owner & transaction history
Blusky Restoration Contractors LLC · 3 yrs held
Blusky Restoration Contractors LLC
since 2023
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
IR · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$910,000
+92.4%
Medical building
$605,000
+28.1%
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
$410,000
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Current use
RETAIL STORES
$910,000
Change: +92% · Conversion: Moderate
MEDICAL BUILDING
$605,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$385,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $650k (Feb 2 2023)
Last sale anchor
$650k
Feb 2 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
$258 / 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
$13,936
Tax year 2023
Assessed value
$428,280
Assessed 2023
Previous assessed
$428,280
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$52,960
Assessed improvement
$375,320
Land market value
$132,400
Improvement market value
$938,300
Total market value
$1,070,700
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,150 SF
Lot
0.76 ac (33,106 SF)
Zoning code
IR
APN
034-15-0-015-00
UPID
US80-0869933
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Madison, TNZoning IR · permitted uses
IR · 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
OFFICE BUILDING Current
Est. value
$475,000
RETAIL STORES
Est. value
$910,000
MEDICAL BUILDING
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$385,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1990
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Blusky Restoration Contractors LLC
Entity
Mailing address
9110 E NICHOLS AVE STE #180, CENTENNIAL, CO 80112-3591
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
—
Blusky Restoration Contractors LLC
Sharp Robbins & Popwell LLC
Quit Claim Deed
related
—
Jan 30, 2015
$650,000
Sharp Robbins & Popwell LLC
Michael T Price
Warranty Deed
$552,500 · First Tennessee Bank NA
Apr 3, 1992
$309,000
Michael T Price
Unknown
Grant Deed
—
—
—
Michael T Price
—
Deed Of Trust
related
$250,247 · Renasant Bank
—
—
Sharp Robbins & Popwell LLC
—
Loan Modification
related
$552,500 · First Tn Bk
—
—
Michael T Price
—
Deed Of Trust
related
$5,000 · Capital Bank & Trust Co
—
—
Michael T Price
—
Deed Of Trust
related
$50,000 · Capital Bank & Trust Co
—
—
Michael T Price
—
Deed Of Trust
related
$90,000 · Amsouth Bank
—
—
Michael T Price
—
Deed Of Trust
related
$200,000 · Capital Bank & Trust Co
—
—
Michael T Price
—
Deed Of Trust
related
$125,000 · Capital Bank & Trust Co
—
—
Michael T Price
—
Deed Of Trust
related
$110,000 · Renasant Bank
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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