Property profile

1221 Northgate Business Pkwy Madison, TN 37115

OFF-MARKET
Warehouses
Property ID
US80-3391099
6,680 SF 5.07 ac lot Built 1998
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1998
Total area 6,680 SF
Lot 5.07 ac (220,849 SF)
Zoning code IR
APN 034-11-0-035-00
UPID US80-3391099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1221 Northgate Business Pkwy Madison, TN 37115-2475
Madison metro Census 10401 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.37M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$1.78M

Owner & transaction history

since 2020
Last sale
$1.5M
6 recorded transactions
2020
$1.5M
2017
Price N/A
2007
Price N/A
2007
$690,000
1997
$304,200
1969
Price N/A

Zoning & alternative use

IR · Madison, TN
Top alternative use upside
Retail stores $2.8M +135.7%
Medical building $1.9M +57.0%
Apartment house (5+ units) $1.5M +25.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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