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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
1247 Northgate Business Pkwy Madison, TN 37115-2475
Individually Owned
7-yr Hold
Free & Clear
Property ID
US80-3391100
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
3,479 SF
Lot
0.89 ac (38,768 SF)
Zoning code
IR
APN
034-15-0-040-00
UPID
US80-3391100
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
-
Benchmark Industrial Supply Business Service Center Corporate Office
-
Pierce Equipment & Supply Co Computer & Electronic Repair Tech Support Center
-
Aa Advanced Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$705k
Owner & transaction history
Frank L Waller JR. · 7 yrs held
Frank L Waller JR.
since 2018
7 recorded transactions
Zoning & alternative use
IR · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$980,000
+28.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Current use
MEDICAL BUILDING
$980,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
$203 / 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
$14,082
Tax year 2023
Assessed value
$432,760
Assessed 2023
Previous assessed
$432,760
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$62,000
Assessed improvement
$370,760
Land market value
$155,000
Improvement market value
$926,900
Total market value
$1,081,900
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
1996
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,479 SF
Lot
0.89 ac (38,768 SF)
Zoning code
IR
APN
034-15-0-040-00
UPID
US80-3391100
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
OFFICE BUILDING Current
Est. value
$765,000
MEDICAL BUILDING
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$625,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1996
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Frank L Waller JR.
Individual
Free & Clear · 7 yrs held
Mailing address
1247 NORTHGATE BUSINESS PKWY, MADISON, TN 37115-2475
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2019
—
Frank L Waller
—
Deed
related
$250,000 · First Bk
Aug 28, 2018
—
Frank L Waller JR.
Waller,deborah L
Quit Claim Deed
related
—
Aug 1, 2005
$650,000
Frank L Waller JR.
Caribbean Associates LLC
Warranty Deed
$520,000 · Fifth Third Bank
Sep 16, 1998
$510,518
Caribbean Associates LLC
Panchisin,james & Linda
Grant Deed
$504,000 · Capital Bank & Trust Co
Sep 4, 1992
$40,000
Fleming Properties
Unknown,
Grant Deed
—
—
—
Frank L Waller
—
Deed Of Trust
related
$250,000 · First Bk
—
—
Frank L Waller JR.
—
Deed Of Trust
related
$697,000 · First 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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