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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Commercial land
2364 Gallatin N Pike Madison, TN 37115-2008
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0937348
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1959
Total area
2,012 SF
Lot
2.93 ac (127,631 SF)
Zoning code
R10
APN
026-00-0-058-00
UPID
US80-0937348
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
$705k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$715k
Owner & transaction history
Bcp Flex Gallatin LP · 2 yrs held
Bcp Flex Gallatin LP
since 2023
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
R10 · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+3.4%
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
$700,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$950,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$850,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$715k
Range $744k – $759k · vs last sale $750k (Sep 7 2023)
Last sale anchor
$750k
Sep 7 2023
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
$355 / 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
$8,748
Tax year 2023
Assessed value
$299,400
Assessed 2023
Previous assessed
$300,000
-0.2% YoY
Effective rate
2.92%
On assessed value
Assessed land
$299,400
Land market value
$748,500
Total market value
$748,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1959
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
2
Total area
2,012 SF
Lot
2.93 ac (127,631 SF)
Zoning code
R10
APN
026-00-0-058-00
UPID
US80-0937348
Jurisdiction
DAVIDSON
Zoning & alternative use
R10 · Madison, TN
Zoning R10 · permitted uses
R10 · 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
COMMERCIAL (GENERAL) Current
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$850,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1959
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
2.93 ac
Current owner
From public records · entity-resolved
Bcp Flex Gallatin LP
Entity
Mailing address
119 GARRISON BLVD, FAIRHOPE, AL 36532-4110
Ownership since
2023
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
Feb 13, 2025
—
Bcp Flex Gallatin LP
—
Deed
related
$3,750,406 · First Commerce Bank
Sep 7, 2023
$750,000
Bcp Flex Gallatin LP
Terry F Flatt
Warranty Deed
—
Jan 24, 2023
—
Terry F Flatt
—
Deed
related
$250,000 · Volunteer State Bank
Dec 17, 2019
$425,000
Terry F Flatt
Audrie L Green
Warranty Deed
—
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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