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Property profile & analytics
OFF-MARKET
Estimated value
$12,280,000
Strip malls
2130 Gallatin N Pike, Madison, TN 37115-2004
Entity Owned
Free & Clear
Property ID
US80-0860620
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
82,532 SF
Lot
7.62 ac (331,927 SF)
Zoning code
R6
APN
026-00-0-124-00
UPID
US80-0860620
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
-
DSW Designer Shoe Warehouse Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Acceptance Now Furniture & Home Goods Home Decor Store
-
American Signature Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.65M
Blend (final)
Blend
$12.28M
Owner & transaction history
Bobs Discount Furniture LLC
Bobs Discount Furniture LLC
since 2026
4 recorded transactions
Zoning & alternative use
R6 · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.6M
+5.5%
Office building
$18.2M
+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
$17,605,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,570,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$18,175,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$12.28M
Range $11.05M – $13.51M · ±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
$149 / 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
$108,376
Tax year 2023
Assessed value
$3,708,960
Assessed 2023
Previous assessed
$3,708,960
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,327,720
Assessed improvement
$2,381,240
Land market value
$3,319,300
Improvement market value
$5,953,100
Total market value
$9,272,400
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
Stories
1
Total area
82,532 SF
Lot
7.62 ac (331,927 SF)
Zoning code
R6
APN
026-00-0-124-00
UPID
US80-0860620
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.6M
OFFICE BUILDING
Est. value
$18.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
Lot
7.62 ac
Current owner
From public records · entity-resolved
Bobs Discount Furniture LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 24550, COLUMBUS, OH 43224-0550
Ownership since
2026
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 6, 2026
—
Bobs Discount Furniture LLC
Jlp Madison LLC
Deed
—
Jun 30, 2023
—
Jlp Madison LLC
—
Deed
related
—
May 30, 2002
—
Jlp-madison LLC
Service Merchandise Co INC
Quit Claim Deed
related
—
May 28, 1997
$1,500,000
Service Merchandise
Unknown
Grant Deed
$153,597,920 · Chase Manhattan 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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