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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Warehouses
1119 Old Hickory Blvd Madison, TN 37115-4236
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-2658477
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
6,480 SF
Lot
1.78 ac (77,537 SF)
Zoning code
SP
APN
043-15-0-023-00
UPID
US80-2658477
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
-
Dad's Towing Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.29M
Owner & transaction history
Jim Mitchell · 12 yrs held
Jim Mitchell
since 2014
6 recorded transactions
Zoning & alternative use
SP · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+57.0%
Apartment house (5+ units)
$1.5M
+25.2%
Office building
$1.4M
+22.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,165,000
Current use
MEDICAL BUILDING
$1,830,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,460,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,425,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10%
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
$199 / 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
$20,761
Tax year 2023
Assessed value
$638,000
Assessed 2023
Previous assessed
$638,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$186,280
Assessed improvement
$451,720
Land market value
$465,700
Improvement market value
$1,129,300
Total market value
$1,595,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,480 SF
Lot
1.78 ac (77,537 SF)
Zoning code
SP
APN
043-15-0-023-00
UPID
US80-2658477
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Madison, TN
Zoning SP · permitted uses
SP · Madison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
2014
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Jim Mitchell
Individual
Mailing address
1013 GALLATIN PIKE S, MADISON, TN 37115-4605
Ownership since
2014
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
Jan 13, 2014
—
Jim Mitchell
Mitchell,jim
Quit Claim Deed
related
—
Dec 7, 2010
$125,000
Jim Mitchell
Rollins,richard A
Grant Deed
—
Oct 29, 2009
—
Richard A Rollins
—
Trustees Deed
related
$55,000 · James A Smith
Dec 27, 2005
—
Rollins,richard A
—
Trustees Deed
related
$311,911 · Bank/nashville Div Synovus Bk
Apr 9, 2002
$200,000
Richard A Rollins
Sycamore Equity Properties
Grant Deed
—
—
—
Sarah J Smith
—
Deed Of Trust
related
$79,100 · Encore Credit Corp
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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