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Property profile & analytics
OFF-MARKET
Estimated value
$8,230,000
Assisted living facilities
208 Due W Ave Madison, TN 37115-4509
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3564405
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Total area
126,161 SF
Lot
6.02 ac (262,231 SF)
Zoning code
MULTI-ZONE
APN
051-07-0-099-00
UPID
US80-3564405
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.23M
Owner & transaction history
Nashville 208 Propco LLC · 4 yrs held
Nashville 208 Propco LLC
since 2022
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.3M
+399.6%
Neighborhood: shopping center
$11.5M
+367.6%
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
$8,125,000
ML approach
$8,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,295,000
Change: +400% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,510,000
Change: +368% · Conversion: Difficult
Blend value · Realmo final
$8.23M
Range $7.41M – $9.05M · ±10% · vs last sale $8.31M (Apr 7 2022)
Last sale anchor
$8.31M
Apr 7 2022
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
$65 / 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
$77,306
Tax year 2023
Assessed value
$2,375,720
Assessed 2023
Previous assessed
$3,909,800
-39.2% YoY
Effective rate
3.25%
On assessed value
Assessed land
$419,200
Assessed improvement
$1,956,520
Land market value
$1,048,000
Improvement market value
$4,891,300
Total market value
$5,939,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
126,161 SF
Lot
6.02 ac (262,231 SF)
Zoning code
MULTI-ZONE
APN
051-07-0-099-00
UPID
US80-3564405
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Madison, TNZoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
OFFICE BUILDING
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
6.02 ac
Current owner
From public records · entity-resolved
Nashville 208 Propco LLC
Entity
Mailing address
1001 BRICKELL BAY DR STE #1504, MIAMI, FL 33131-4938
Ownership since
2022
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
Apr 7, 2022
$8,314,800
Nashville 208 Propco LLC
Nhi Reit Of Axel LLC
Special Warranty Deed
$10,528,268 · Bank Of Labor
Jul 6, 2015
$20,746,000
Nhi-reit Of Axel LLC
Cash Lane Investors Ptshp
Grant Deed
—
Jul 6, 2015
$250,000
Nhi-reit Of Axel LLC
Rdr Investors Ptshp
Grant Deed
—
Mar 8, 2013
—
Cash Lane Investors Ptshp
—
Deed Of Trust
related
$53,241,000 · Fannie Mae FCU
Jul 16, 2004
—
Cash Lane Investors LLC
Rla Of Madison INC
Grant Deed
$3,930,000 · First Tennessee Bank National
May 17, 1989
$6,659,600
Rla Of Madison INC
Unknown
Grant Deed
—
—
—
Cash Lane Investors LLC
—
Deed Of Trust
related
$20,275,000 · Wachovia Bank NA
—
—
Cash Lane Investors LLC
—
Deed Of Trust
related
$7,500,000 · Wachovia Bank NA
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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