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Property profile & analytics
OFF-MARKET Estimated value $415,000
Strip malls

119 Old Hickory Blvd Madison, TN 37115-3932

5,099 SF 0.15 ac lot Built 1960
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-3385456
Property summary
AI-generated overview

This exceptional 5,000 square foot commercial property in Madison, Tennessee, presents a lucrative investment opportunity. Situated at 119 E Old Hickory Blvd, this prime location boasts high visibility and easy access. The building features a spacious 2,150 square foot retail area at the front, perfect for a variety of businesses. A rear loading door provides convenient access to the 2,600 square foot warehouse space, currently leased until April 30, 2025, generating a monthly income of $2,000. This consistent rental income stream offers immediate return on investment. The property sits on a 0.13-acre lot, providing ample space for operations and potential expansion. The central Madison location ensures high foot traffic and excellent visibility, making it an ideal space for a thriving business. This versatile property is suitable for a wide range of commercial uses, offering a blend of retail and warehouse space to meet diverse business needs. The combination of a strong rental income and prime location makes this a truly exceptional investment opportunity. The asking price is $650,000. Don't miss out on this chance to acquire a valuable asset in a rapidly growing market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Total area 5,099 SF
Lot 0.15 ac (6,534 SF)
Zoning code CS
APN 043-13-0-035-00
UPID US80-3385456
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
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k
Owner & transaction history
Michael Gioseffi · 3 yrs held
Michael Gioseffi
since 2023
Last sale
$412,000
3 recorded transactions
2023
$412,000
2003
$175,000
1996
$130,000
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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