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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Gas stations
1213 Northgate Business Pkwy Madison, TN 37115-2475
Individually Owned
~
Est. High Equity
Property ID
US80-3391103
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2017
Total area
12,232 SF
Lot
3.05 ac (132,858 SF)
Zoning code
IR
APN
034-11-0-033-00
UPID
US80-3391103
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
-
Absolute Automotive & Tire Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$3.19M
Owner & transaction history
Metropolitan Government Of Nashville And Davi
Metropolitan Government Of Nashville And Davi
since 2026
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
IR · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.2M
+57.3%
Medical building
$3.5M
+4.7%
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
$3,100,000
ML approach
$2,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$3,295,000
Current use
RETAIL STORES
$5,180,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$3,450,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,755,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$2,695,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±10% · vs last sale $3.33M (Mar 27 2023)
Last sale anchor
$3.33M
Mar 27 2023
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
$261 / 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
$12,809
Tax year 2023
Assessed value
$393,640
Assessed 2023
Previous assessed
$393,640
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$127,560
Assessed improvement
$266,080
Land market value
$318,900
Improvement market value
$665,200
Total market value
$984,100
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2017
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,232 SF
Lot
3.05 ac (132,858 SF)
Zoning code
IR
APN
034-11-0-033-00
UPID
US80-3391103
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
SERVICE STATION (FULL SERVICE) Current
RETAIL STORES
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
2017
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
Metropolitan Government Of Nashville And Davi
Individual
Mailing address
5573 DESCARTES CIR, BOYNTON BEACH, FL 33472-2410
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Metropolitan Government Of Nashville And Davi
Jiw3 LLC
Warranty Deed
—
Mar 27, 2023
$3,333,332
Jiw3 LLC
Nr Auto Store 23 LLC
Special Warranty Deed
—
Jan 23, 2023
$2,900,000
Nr Auto Store 23 LLC
Dustin A Hensley
Special Warranty Deed
—
Sep 3, 2021
—
Dustin A Hensley
—
Deed
related
$1,190,000 · First Horizon Bank
Sep 5, 2017
—
Dustin A Hensley
William C Brown
Quit Claim Deed
related
$709,094 · First Tennessee Bank NA
Jun 7, 2013
$165,000
Randall C Wherry
Rayrex Investments LLC
Warranty Deed
$137,000 · Volunteer State Bank
Aug 29, 2003
$155,000
Rayrex Investments LLC
Wherry,randall J & Angela L
Grant Deed
—
Jun 12, 2000
$112,500
Randall J Wherry
Tobitt,scott & Ann M
Grant Deed
$90,000 · Capital Bank & Trust Co
Aug 20, 1999
$24,276,429
Scott Tobitt
Northgate Business Park Assoc
Grant Deed
—
—
—
Rayrex Investments LLC
—
Deed Of Trust
related
$130,600 · Suntrust Bank NA
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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