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Property profile & analytics
OFF-MARKET
Estimated value
$7,670,000
Strip malls
1699 Gallatin N Pike Madison, TN 37115-2151
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0881995
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
35,635 SF
Lot
19.09 ac (831,560 SF)
Zoning code
CS
APN
034-06-0-002-00
UPID
US80-0881995
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
-
SunTrust ATM Atm
-
The Wash House (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$7.67M
Owner & transaction history
Bai Rivergate Station LLC · 2 yrs held
Bai Rivergate Station LLC
since 2024
3 recorded transactions
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.1M
+32.2%
Apartment house (5+ units)
$8.0M
+5.5%
Office building
$7.8M
+3.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,600,000
Current use
MEDICAL BUILDING
$10,050,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,020,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$7,845,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$7.67M
Range $6.90M – $8.44M · ±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
$215 / 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
$280,925
Tax year 2023
Assessed value
$9,614,120
Assessed 2023
Previous assessed
$9,614,120
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$2,661,000
Assessed improvement
$6,953,120
Land market value
$6,652,500
Improvement market value
$17,382,800
Total market value
$24,035,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
CENTRAL
Cooling
CENTRAL
Buildings
10
Stories
1
Total area
35,635 SF
Lot
19.09 ac (831,560 SF)
Zoning code
CS
APN
034-06-0-002-00
UPID
US80-0881995
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Madison, TNZoning CS · permitted uses
CS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER 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
1988
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
10
Lot
19.09 ac
Current owner
From public records · entity-resolved
Bai Rivergate Station LLC
Entity
Mailing address
720 E PALISADE AVE STE #201, ENGLEWOOD CLIFFS, NJ 07632-3054
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
—
Bai Rivergate Station LLC
Bai Rivergate LLC
Quit Claim Deed
related
$19,700,000 · Wells Fargo Bank NA
Apr 9, 2012
$17,965,000
Bai Rivergate LLC
Rivergate Station Shopping Cen
Grant Deed
related
$495,000,000 · Guggenheim Life And Annuity Co
May 18, 2004
$20,598,500
Station Shopping Cen Rivergate
Rivergate Station LLC
Grant Deed
related
—
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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