Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Office buildings
1233 Northgate Business Pkwy Madison, TN 37115-2475
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-3391098
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
4,418 SF
Lot
2.93 ac (127,631 SF)
Zoning code
IR
APN
034-15-0-037-00
UPID
US80-3391098
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
-
NOVO Health Services (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.75M
Owner & transaction history
Nashville Re LLC · 4 yrs held
Nashville Re LLC
since 2021
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
IR · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+122.2%
Commercial (general)
$2.1M
+114.9%
Retail stores
$1.9M
+92.4%
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
$1,715,000
ML approach
$1,690,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,125,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,160,000
Change: +122% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,090,000
Change: +115% · Conversion: Easy
RETAIL STORES
$1,870,000
Change: +92% · Conversion: Moderate
MEDICAL BUILDING
$1,245,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $2.08M (Oct 15 2021)
Last sale anchor
$2.08M
Oct 15 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
$396 / 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
$45,303
Tax year 2023
Assessed value
$1,392,240
Assessed 2023
Previous assessed
$1,392,240
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$156,920
Assessed improvement
$1,235,320
Land market value
$392,300
Improvement market value
$3,088,300
Total market value
$3,480,600
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
1989
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,418 SF
Lot
2.93 ac (127,631 SF)
Zoning code
IR
APN
034-15-0-037-00
UPID
US80-3391098
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Madison, TNZoning IR · permitted uses
IR · Madison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.93 ac
Current owner
From public records · entity-resolved
Nashville Re LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5008 MONUMENT AVE, RICHMOND, VA 23230-3663
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
—
Nashville Re LLC
Tuckhoe Real Estate Holdings LLC
Quit Claim Deed
related
—
Jun 25, 2020
—
Tuckahoe R & E Hldgs LLC
—
Deed
related
—
Jan 6, 2020
—
Tuckahoe R & E Hldgs LLC
—
Deed
related
$25,182,097 · Atlantic Union Bk
Apr 3, 2018
—
Tuckahoe R & E Hldgs LLC
—
Grant Deed
related
$4,155,000 · Union Bk&tr
Sep 4, 2015
$2,075,000
Tuckahoe R & E Holdings LLC
Northgate Holdings INC
Warranty Deed
—
Sep 18, 2007
$2,473,192
Northgate Holdings INC
Linear Logic INC
Warranty Deed
—
Sep 13, 2006
—
Rattletrap Productions INC
Linear Logic LLC
Grant Deed
related
—
Jun 12, 2006
—
Linear Logic INC
—
Trustees Deed
related
$450,000 · New Life International
Mar 30, 2006
$1,848,000
Linear Logic INC
Freudenberg Nonwovens
Warranty Deed
$1,700,000 · Wilson Bank & Trust
Aug 23, 1996
$1,325,900
Nonwovens LP Freudenberg
Freudenberg,nonw
Grant Deed
related
—
Aug 23, 1996
$1,250,000
Nonwovens LP Freudenberg
Freudenberg,nonw
Grant Deed
related
—
—
—
Tuckahoe R & E Hldgs LLC
—
Loan Modification
related
$25,182,097 · Atlantic Union Bk
—
—
Tuckahoe R & E Holdings LLC
—
Deed Of Trust
related
$1,556,250 · First Tn Bk
—
—
Tuckahoe R & E Hldgs LLC
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1233 Northgate Business Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
