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Property profile & analytics
FOR LEASE
Strip malls
2021 Gallatin Pike N Madison, TN 37115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1280258
For Lease
1 / 4
$20 SF/Yr
2021 Gallatin Pike N, Madison, TN 37115
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
88,496 SF
Lot
7.39 ac (321,908 SF)
Zoning code
R6
APN
034-03-0-121-00
UPID
US80-1280258
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
-
Turners Music Repairs-Lessons (Bike/Boat/Book/etc) Store
-
Bundy's Jewelers (Bike/Boat/Book/etc) Store
-
Regional Finance Loan Service
-
England's Hair Salon Hair Salon
-
Rivergate Alteration Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.95M
Blend (final)
Blend
$8.27M
Owner & transaction history
2021 Gallatin Pike LLC · 1 yrs held
2021 Gallatin Pike LLC
since 2025
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
R6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.27M
Range $7.44M – $9.09M · ±10% · vs last sale $8.50M (Dec 20 2024)
Last sale anchor
$8.50M
Dec 20 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
$93 / 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
$120,136
Tax year 2023
Assessed value
$4,111,440
Assessed 2023
Previous assessed
$4,111,440
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,802,680
Assessed improvement
$2,308,760
Land market value
$4,506,700
Improvement market value
$5,771,900
Total market value
$10,278,600
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
For Lease
Year built
1985
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
88,496 SF
Lot
7.39 ac (321,908 SF)
Zoning code
R6
APN
034-03-0-121-00
UPID
US80-1280258
Jurisdiction
DAVIDSON
Zoning & alternative use
R6 · Madison, TN
Zoning R6 · permitted uses
R6 · 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
Year built
1985
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
7.39 ac
Current owner
From public records · entity-resolved
2021 Gallatin Pike LLC
Entity
Mailing address
103 CONTINENTAL PL STE #110, BRENTWOOD, TN 37027-1059
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
$8,500,000
2021 Gallatin Pike LLC
Gallery LLC
Special Warranty Deed
$6,800,000 · First Citizens National Bank
Aug 22, 1997
$5,050,000
Gallery,llc
—
Grant Deed
related
—
Aug 31, 1984
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$2,500,000
—
—
Gallery LLC
—
Deed Of Trust
related
$4,500,000 · Key Bank & Trust
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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