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Property profile & analytics
OFF-MARKET
Estimated value
$7,385,000
Industrial land
1117 Myatt Blvd Madison, TN 37115-2453
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1702925
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.73 ac (31,799 SF)
Zoning code
IR
APN
034-15-0-017-00
UPID
US80-1702925
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
$7.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.39M
Owner & transaction history
Agnl Rack INC · 2 yrs held
Agnl Rack INC
since 2024
Last sale
$7.4M
6 recorded transactions
Zoning & alternative use
IR · Madison, TN
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 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
$7,385,000
ML approach
$7,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.39M
Range $6.65M – $8.12M · ±10% · vs last sale $7.38M (Feb 26 2024)
Last sale anchor
$7.38M
Feb 26 2024
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
—
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
$1,656
Tax year 2023
Assessed value
$50,880
Assessed 2023
Previous assessed
$50,880
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$50,880
Land market value
$127,200
Total market value
$127,200
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Lot
0.73 ac (31,799 SF)
Zoning code
IR
APN
034-15-0-017-00
UPID
US80-1702925
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
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Lot
0.73 ac
Current owner
From public records · entity-resolved
Agnl Rack INC
Entity
Mailing address
245 PARK AVE, NEW YORK, NY 10167-0002
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
$7,382,747
Agnl Rack INC
American Appliance Products LLC
Special Warranty Deed
—
Sep 30, 2016
—
American Appliance Proiducts INC
—
Deed
related
$20,000,000 · Jpmorgan Chase Bank NA
Jan 21, 2003
$1,660,000
American Appliance Products
American Appliance Products
Grant Deed
related
—
Jul 3, 2001
$1,500,000
American Appliance Products In
Wakefield,m L
Trustees Deed
$3,000,000 · First Union National Bank
Jul 3, 2001
—
American Appliance Products In
—
Deed Of Trust
related
$1,500,000 · Feldkircher Wire Fabricating
Aug 3, 1992
$55,647
M L Wakefield
Unknown
Grant Deed
—
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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