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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Parking lots & garages
1537 Gallatin N Pike, Madison, TN 37115-2158
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0834709
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.69 ac (30,056 SF)
Zoning code
CS
APN
034-09-0-182-00
UPID
US80-0834709
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Hope Investments LLC · 3 yrs held
Hope Investments LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,550,000
ML approach
$2,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.74M (May 9 2023)
Last sale anchor
$2.74M
May 9 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
—
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
$2,834
Tax year 2023
Assessed value
$97,000
Assessed 2023
Previous assessed
$97,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$71,560
Assessed improvement
$25,440
Land market value
$178,900
Improvement market value
$63,600
Total market value
$242,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Stories
1
Lot
0.69 ac (30,056 SF)
Zoning code
CS
APN
034-09-0-182-00
UPID
US80-0834709
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Madison, TN
Zoning CS · permitted uses
CS · 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.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Hope Investments LLC
Entity
Mailing address
PO BOX 301, BRENTWOOD, TN 37024-0301
Ownership since
2023
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
May 9, 2023
$2,738,000
Hope Investments LLC
Frc Auto Tn3 LLC
Special Warranty Deed
—
Mar 27, 2023
$2,149,000
Frc Auto Tn3 LLC
William T Ramsey
Special Warranty Deed
—
Sep 18, 2018
—
Bobby E Price JR.
—
Deed
related
$8,500,000 · Pinnacle Bk
Jan 2, 2013
$1,500,000
Bobby Price
Richland South LLC
Grant Deed
$1,275,000 · Pinnacle Bank
Dec 30, 2011
$682,000
Richland South LLC
Bank Of America NA
Special Warranty Deed
—
Dec 30, 2011
—
Gatton Carol M Trust
Gatton C M Trust 1
Quit Claim Deed
related
—
Feb 22, 2011
$2,600,000
Gatton C M Trust
Gatton C M Trust
Grant Deed
related
—
May 9, 1995
$375,000
Saturn Of Rivergate INC
Unknown,
Trustees Deed
—
—
—
Bobby E Price JR.
—
Deed Of Trust
related
$8,500,000 · Pinnacle Bk
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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