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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Office buildings
113 Cumberland Ave Madison, TN 37115-3327
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1043106
Property summary
AI-generated overview
This exceptional 7,468 square foot office suite, located on the entire second floor of a two-story building at 113 Cumberland Avenue in Nashville, Tennessee, presents a unique opportunity. Recently renovated in 2022, this space offers a versatile layout ideal for a variety of businesses. The suite boasts over ten individual offices, a spacious training room, and three large open areas perfect for cubicles or open workspaces. Amenities include a full kitchen breakroom, a dedicated conference room, and shared restrooms and lobby. Enjoy the added benefit of an outdoor recreation area. The building totals 16,678 square feet and is situated in Davidson County, zip code 37115. The space features abundant natural light with windows throughout. This is a full-service gross lease, meaning utilities are included in the rent. Tenant responsibilities are limited to phone, internet, and janitorial services within the suite. While the current tenant's lease expires in February 2025, early occupancy may be negotiable. This is a single-tenancy space in a building without elevators.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
16,678 SF
Lot
0.94 ac (40,946 SF)
Zoning code
OR20
APN
043-09-0-087-00
UPID
US80-1043106
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
-
Talk to Me Speech Therapy Physician
-
Golden Key Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.30M
Owner & transaction history
Mta Acquisitions LLC · 5 yrs held
Mta Acquisitions LLC
since 2021
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
OR20 · 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)
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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
$1,160,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.40M (Jun 23 2021)
Last sale anchor
$1.40M
Jun 23 2021
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
$78 / 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
$17,067
Tax year 2023
Assessed value
$524,480
Assessed 2023
Previous assessed
$524,480
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$82,520
Assessed improvement
$441,960
Land market value
$206,300
Improvement market value
$1,104,900
Total market value
$1,311,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
16,678 SF
Lot
0.94 ac (40,946 SF)
Zoning code
OR20
APN
043-09-0-087-00
UPID
US80-1043106
Jurisdiction
DAVIDSON
Zoning & alternative use
OR20 · Madison, TNZoning OR20 · permitted uses
OR20 · 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
Year built
1974
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Mta Acquisitions LLC
Entity
Mailing address
113 CUMBERLAND AVE, MADISON, TN 37115-3327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
—
Mta Acquisitions LLC
—
Deed
related
$1,900,000 · Firstbank
Jun 23, 2021
$1,400,000
Mta Acquisitions LLC
Dennis L Witzenburg
Warranty Deed
$1,300,000 · Dennis Etal
Dec 2, 2014
$315,000
Dennis L Witzenburg
Abes Garden
Grant Deed
—
Dec 1, 2011
$620,000
Garden Abes
Arc Partners LLC
Warranty Deed
—
Jul 7, 1995
$575,000
Receivable Strate Advanced
—
Grant Deed
related
—
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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