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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
300 Berkley Dr Madison, TN 37115-5284
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0021506
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
3,256 SF
Lot
17.6 ac (766,656 SF)
Zoning code
R8
APN
051-12-0-080-00
UPID
US80-0021506
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
-
Berkley Hills Apartments Property Management Company Real Estate Rental Agency
-
Hotel Hotel & Motel
-
Mc tile ceramic Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Berkley Hills Apartments LLC · 13 yrs held
Berkley Hills Apartments LLC
since 2012
6 recorded transactions
Zoning & alternative use
R8 · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+92.4%
Medical building
$920,000
+28.1%
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
OFFICE BUILDING
$715,000
Current use
RETAIL STORES
$1,380,000
Change: +92% · Conversion: Moderate
MEDICAL BUILDING
$920,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$275 / 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
$195,244
Tax year 2023
Assessed value
$6,000,120
Assessed 2023
Previous assessed
$8,908,286
-32.6% YoY
Effective rate
3.25%
On assessed value
Assessed land
$796,800
Assessed improvement
$5,203,320
Land market value
$1,992,000
Improvement market value
$13,008,300
Total market value
$15,000,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
2
Total area
3,256 SF
Lot
17.6 ac (766,656 SF)
Zoning code
R8
APN
051-12-0-080-00
UPID
US80-0021506
Jurisdiction
DAVIDSON
Zoning & alternative use
R8 · Madison, TNZoning R8 · permitted uses
R8 · 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 Current
Est. value
$715,000
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$585,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1969
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
8
Lot
17.6 ac
Current owner
From public records · entity-resolved
Berkley Hills Apartments LLC
Entity
Mailing address
530 SILAS DEANE HWY, WETHERSFIELD, CT 06109-2234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2012
$6,693,750
Berkley Hills Apartments LLC
Jpmcc 2005 Cibc13 Whispering Hills
Special Warranty Deed
$4,860,000 · Archetype Mortgage Capital LLC
Jul 5, 2011
$11,200,000
2005-cibc13 Whispering H Jpmcc
Prochaska Joseph R
Trustees Deed
related
—
Oct 25, 2005
$13,750,000
Wk Berkley LLC
Berkeley Hills Realty Co LLC
Grant Deed
$24,400,000 · Cibc INC
Jan 5, 2005
$9,550,000
Berkeley Hills Realty Co LLC
Wxi Of Mcn Multifamily R/e
Grant Deed
$7,500,000 · Lasalle National Bank
Feb 8, 2000
—
Wxi/mcn Multifamily Real Ests
Berkley Hills Associates
Quit Claim Deed
related
$195,783 · Amresco Capital Corp
Nov 2, 1988
$3,876,588
Berkley Hills Associates
Unknown
Grant 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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