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Property profile & analytics
FOR SALE
Retail space
1608 Madison St Shelbyville, TN 37160
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1206823
For Sale
1 / 19
$1,280,000
1608 Madison St, Shelbyville, TN 37160
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
FRAME
Total area
15,911 SF
Lot
0.94 ac (41,000 SF)
APN
002090H C 00200
UPID
US80-1206823
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
-
The Brass Lantern Shopping Center & Mall
-
Gracie’s Cafe and Creamery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$715k
Owner & transaction history
Gbc Senior Debt Fund LLC · 1 yrs held
Gbc Senior Debt Fund LLC
since 2025
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
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 Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville 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
$700,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $950k (May 13 2025)
Last sale anchor
$950k
May 13 2025
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
$45 / 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
Property tax & assessments
Assessed value
$200,440
Assessed 2023
Previous assessed
$200,440
+0.0% YoY
Assessed land
$58,000
Assessed improvement
$142,440
Land market value
$145,000
Improvement market value
$356,100
Total market value
$501,100
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1986
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
15,911 SF
Lot
0.94 ac (41,000 SF)
APN
002090H C 00200
UPID
US80-1206823
Jurisdiction
BEDFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Gbc Senior Debt Fund LLC
Entity
Mailing address
922 MARENGO LN, NASHVILLE, TN 37204-3302
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
$1,151,000
Gbc Senior Debt Fund LLC
Barbara K Adams
Trust Deed
related
—
May 30, 2023
—
Barbara K Adams
—
Deed
related
$500,000 · Gbc Senior Debt Fund LLC
Jan 25, 2023
—
Barbara K Adams
—
Deed
related
$175,000 · Gbc Senior Debt Fund LLC
Nov 4, 2022
—
Barbara K Adams
—
Deed
related
$325,000 · Gbc Senior Debt Fund LLC
Jul 26, 2022
—
Barbara K Adams
John K Adams
Intrafamily Transfer
related
—
Jun 24, 2022
$950,000
John Adams
Chris Talley
Warranty Deed
$940,000 · Chris Talley Etal
Mar 3, 2014
$600,662
Chris Talley
Barr,mark E
Warranty Deed
$600,662 · Mark E Barr
Jun 26, 1991
$200,000
Mark Edward Barr
Unknown
Grant Deed
—
—
—
Mark E Barr
—
Deed Of Trust
related
$250,000 · Security Fsb
—
—
Mark E Barr
—
Deed Of Trust
related
$383,243 · First Community Bank Bedford C
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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