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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Grocery and convenience stores
1200 Old Hickory Blvd, Madison, TN 37115-4238
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2958519
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1967
Total area
5,137 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CS
APN
043-16-0-191-00
UPID
US80-2958519
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
-
Rollin's Market Grocery & Convenience Store
-
bp Car Wash
-
oxxo market and deli Grocery & Convenience Store Food Market
-
The Big Fine Collection Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.37M
Owner & transaction history
Sabco LLC · 4 yrs held
Sabco LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+17.4%
Auto repair, garage
$2.5M
+15.5%
Commercial (general)
$2.4M
+11.7%
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
$2,560,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,175,000
Current use
RESTAURANT
$2,555,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,515,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,430,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.20M (Dec 28 2021)
Last sale anchor
$2.20M
Dec 28 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
$461 / 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
$15,542
Tax year 2023
Assessed value
$531,880
Assessed 2023
Previous assessed
$531,880
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$105,600
Assessed improvement
$426,280
Land market value
$264,000
Improvement market value
$1,065,700
Total market value
$1,329,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1967
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,137 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CS
APN
043-16-0-191-00
UPID
US80-2958519
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Madison, TN
Zoning CS · permitted uses
CS · 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
RETAIL STORES Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1967
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Sabco LLC
Entity
Mailing address
7035 STONE RUN DR, BRENTWOOD, TN 37027-7898
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Sabco LLC
—
Deed
related
$300,000 · United Community Bank
Dec 28, 2021
$2,200,000
Sabco LLC
Jai Laxmi LLC
Special Warranty Deed
$1,760,000 · Reliant Bank
Nov 19, 2018
—
Jal Laxmi LLC
—
Deed
related
$410,000 · Renasant Bk
Nov 15, 2018
$725,500
Christina Mckay
Corner Storage LLC
Warranty Deed
$542,250 · Simmons Bk
Nov 13, 2018
$470,000
Corner Storage LLC
Jai Laxmi LLC
Warranty Deed
—
May 3, 2011
$1,450,000
Jai Laxmi LLC
Rogers David G
Quit Claim Deed
related
—
Dec 15, 2009
—
Richard A Rollins
—
Trustees Deed
related
$58,000 · Jerry Alderson
Dec 12, 2006
—
Ricky A Rollins
Owner Name Unavailable
Grant Deed
related
—
—
—
Jal Laxmi LLC
—
Deed Of Trust
related
$410,000 · Renasant Bk
—
—
Richard A Rollins
—
Deed Of Trust
related
$127,990 · Regions Bank
—
—
Jai Laxmi LLC
—
Deed Of Trust
related
$110,000 · Regions Bank
—
—
Jai Laxmi LLC
—
Deed Of Trust
related
$1,015,000 · Regions Bank
—
—
Richard A Rollins
—
Deed Of Trust
related
$890,072 · Regions Bank
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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