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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Strip malls
1921 Gallatin N Pike Madison, TN 37115-2027
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0882347
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
8,298 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CS
APN
034-02-0-049-00
UPID
US80-0882347
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
-
Men's Wearhouse Clothing & Fashion Store
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.55M
Owner & transaction history
Rgh Investors LLC · 1 yrs held
Rgh Investors LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+133.2%
Auto repair, garage
$4.1M
+129.4%
Commercial (general)
$3.9M
+121.9%
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
$2,550,000
CAP Approach
CAP Return
Estimation
6%
$2,965,000
6.5%
$2,735,000
7%
$2,540,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,770,000
Current use
RESTAURANT
$4,125,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,060,000
Change: +129% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,925,000
Change: +122% · Conversion: Easy
RETAIL STORES
$3,515,000
Change: +99% · Conversion: Easy
MEDICAL BUILDING
$2,340,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,865,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$1,825,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.55M (Dec 31 2024)
Last sale anchor
$2.55M
Dec 31 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
$307 / 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
$16,748
Tax year 2023
Assessed value
$573,160
Assessed 2023
Previous assessed
$573,160
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$223,040
Assessed improvement
$350,120
Land market value
$557,600
Improvement market value
$875,300
Total market value
$1,432,900
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
1995
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,298 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CS
APN
034-02-0-049-00
UPID
US80-0882347
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
$1.8M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Rgh Investors LLC
Entity
Mailing address
2701 E CAMELBACK RD STE #150, PHOENIX, AZ 85016-4324
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$2,550,000
Rgh Investors LLC
Mw Nashville Tn LLC
Deed
$1,000,000 · Truxton Trust Co
Dec 7, 2006
$2,095,000
Arciterra Mw Nashville Tn LLC
Warehouse Properties Gp
Grant Deed
—
Dec 6, 2001
$1,525,000
Mens Wearhouse Properties Gp
Pkd
Grant Deed
$1,140,000 · Wachovia Bank NA
Oct 1, 1997
$1,300,000
Sdc
Tennessee,equiti
Grant Deed
$1,272,697 · Amsouth Bank
Aug 21, 1997
$1,300,000
William T Delay
—
Grant Deed
related
—
Dec 12, 1994
—
INC Tennessee Equities
Good,shepherd Un
Grant Deed
related
$760,000 · Compass Bank
Nov 10, 1994
$378,212
Tennessee Equities INC
Good,shepherd Un
Grant Deed
related
—
—
—
Arciterra Mw Nashville Tn LLC
—
Deed Of Trust
related
$17,040,000 · Wells Fargo Bank
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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