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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Warehouses
1541 Gallatin N Pike Madison, TN 37115-2158
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1953095
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
12,735 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CS
APN
034-09-0-183-00
UPID
US80-1953095
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
-
Crash Champions Collision Repair Madison Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$3.02M
Owner & transaction history
Spirit Master Funding X LLC · 6 yrs held
Spirit Master Funding X LLC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+57.0%
Apartment house (5+ units)
$2.9M
+25.2%
Office building
$2.8M
+22.5%
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%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,290,000
Current use
MEDICAL BUILDING
$3,590,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,865,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$2,805,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $2.84M (Feb 28 2020)
Last sale anchor
$2.84M
Feb 28 2020
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
$237 / 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
$19,438
Tax year 2023
Assessed value
$665,240
Assessed 2023
Previous assessed
$665,240
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$163,520
Assessed improvement
$501,720
Land market value
$408,800
Improvement market value
$1,254,300
Total market value
$1,663,100
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
2000
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
12,735 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CS
APN
034-09-0-183-00
UPID
US80-1953095
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
2000
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Mailing address
12720 HILLCREST RD STE #900, DALLAS, TX 75230-2047
Ownership since
2020
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
Feb 28, 2020
$2,835,799
Spirit Master Funding X LLC
Svcn 4 LLC
Grant Deed
—
Dec 22, 2017
—
Spirit Master Funding Vi LLC
—
Deed
related
$674,400,000 · Citibank
Apr 2, 2014
$2,533,094
Spirit Master Funding Vi LLC
Aba 7 LLC
Grant Deed
—
Oct 4, 2006
—
R-gin Operations LLC
Aba 7 LLC
Grant Deed
related
$3,000,000 · Ppg Industries INC
—
—
Aba 7 LLC
—
Deed Of Trust
related
$3,000,000 · Wachovia Bank NA
—
—
Spirit Master Funding Vi LLC
—
Loan Modification
related
$674,400,000 · Citibank
—
—
Aba 7 LLC
—
Deed Of Trust
related
$6,000,000 · Ppg Industries INC
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
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