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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
1484 Gallatin N Pike Madison, TN 37115-2160
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0988544
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
1,368 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IWD
APN
034-09-0-098-00
UPID
US80-0988544
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
-
Auto Central Madison Car Dealership
-
Pick Auto Sales LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$550k
Owner & transaction history
Lela Ferdowsi · 1 yrs held
Lela Ferdowsi
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
IWD · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+172.3%
Commercial (general)
$645,000
+163.3%
Retail stores
$580,000
+135.7%
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$670,000
Change: +172% · Conversion: Easy
COMMERCIAL (GENERAL)
$645,000
Change: +163% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +136% · Conversion: Moderate
MEDICAL BUILDING
$385,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 1 2024)
Last sale anchor
$550k
May 1 2024
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
$402 / 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
$4,443
Tax year 2023
Assessed value
$152,040
Assessed 2023
Previous assessed
$152,040
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$60,120
Assessed improvement
$91,920
Land market value
$150,300
Improvement market value
$229,800
Total market value
$380,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
1,368 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IWD
APN
034-09-0-098-00
UPID
US80-0988544
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Madison, TN
Zoning IWD · permitted uses
IWD · 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
AUTO REPAIR, GARAGE
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES
Est. value
$580,000
MEDICAL BUILDING
Est. value
$385,000
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
2006
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Lela Ferdowsi
Individual
Free & Clear · 1 yrs held
Mailing address
12761 OLD HICKORY BLVD, ANTIOCH, TN 37013-2406
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
Lela Ferdowsi
Farzin Ferdowsi
Quit Claim Deed
related
—
May 1, 2024
—
Farzin Ferdowski
Auto Central Madison LLC
Quit Claim Deed
related
—
May 25, 2022
—
Auto Central Madison LLC
—
Deed
related
$470,400 · Bancorpsouth Bank
Sep 2, 2016
$550,000
Auto Central Madison LLC
Farzin Ferdowsi
Warranty Deed
$467,500 · Tristar Bank
Dec 8, 2015
$380,000
Farzin Ferdowsi
Amir Abaskhron
Warranty Deed
$280,000 · Pinnacle Bank
Apr 17, 2014
—
Tenessee Operations LLC
Abskhroun,hany
Quit Claim Deed
related
—
May 6, 2010
—
Amir Abaskhron
—
Trustees Deed
related
$76,300 · Ronald A & Linda C Hasty
Jan 29, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 17, 2005
$188,000
Amir Abaskhron
Hasty,ronald A & Linda C
Warranty Deed
$98,000 · Ronald A & Linda C Hasty
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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