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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Warehouses
1124 Myatt Blvd Madison, TN 37115-2453
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0109763
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
9,700 SF
Lot
0.7 ac (30,492 SF)
Zoning code
IR
APN
034-15-0-026-00
UPID
US80-0109763
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
-
Guardian Fueling Technologies-Nashville Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.39M
Owner & transaction history
Bluebonnet Properties LLC · 6 yrs held
Bluebonnet Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
IR · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+25.2%
Office building
$2.1M
+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%
$1,615,000
6.5%
$1,490,000
7%
$1,380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,745,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$2,135,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±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
$143 / 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
$12,696
Tax year 2023
Assessed value
$390,160
Assessed 2023
Previous assessed
$390,160
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$48,800
Assessed improvement
$341,360
Land market value
$122,000
Improvement market value
$853,400
Total market value
$975,400
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
2009
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
9,700 SF
Lot
0.7 ac (30,492 SF)
Zoning code
IR
APN
034-15-0-026-00
UPID
US80-0109763
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Madison, TN
Zoning IR · permitted uses
IR · 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
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE Current
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
2009
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Bluebonnet Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2913 MCGAVOCK PIKE, NASHVILLE, TN 37214-1419
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
—
Bluebonnet Properties LLC
—
Deed
related
$614,000 · First Horizon Bank
Oct 4, 2019
$1,025,000
Bluebonnet Properties LLC
Cvc Realty LLC
Warranty Deed
—
Nov 4, 2015
$550,000
Cvc Realty LLC
Outdoor Wood Works LLC
Warranty Deed
—
Mar 21, 2007
$91,780
Outdoor Wood Works LLC
Christopher Sperlich
Warranty Deed
$68,835 · First Tennessee Bank NA
Aug 25, 2006
—
Christopher Sperlich
Sperlich,christopher
Quit Claim Deed
related
—
Oct 17, 2005
$60,000
Christopher Sperlich
Stone,marty A
Warranty Deed
—
Jul 21, 2004
$54,770
Marty A Stone
Baker,tr
Grant Deed
$325,000 · Stone Family Partnership
—
—
Outdoor Wood Works LLC
—
Deed Of Trust
related
$50,000 · First Tennessee Bank National
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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